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PRESIDENTIAL DECREE NO. 962
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PRESIDENTIAL DECREE NO. 962 -
AMENDING PRESIDENTIAL DECREE NO. 894 BY CHANGING THE WORDS "SHIPPING
LINES" TO "VESSEL" OR "VESSELS" AS THE CASE MAY BE
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WHEREAS,
under Presidential Decree No. 806, a general policy was adopted that
Philippine flag vessels shall have at least equal shares as vessels of
another country in the carriage of international cargo between the
Philippines and that other country;chanroblesvirtualawlibrary
WHEREAS, Presidential Decree No. 894 was promulgated under the general
policy adopted in Presidential Decree No. 806 with the objective of
enabling Philippine flagr carriers and vessels to carry government and
government-financed or supported cargoes and passengers; chanroblesvirtualawlibrary
WHEREAS, the use of the words "Philippine flag.shipping lines" in
Presidential Decree No. 894 has created confusion as to the real
meaning thereof;chanroblesvirtualawlibrary
WHEREAS, there is a need to amend Presidential Decree No. 894 as to
conform to the definition of Philippine flag vessels under Presidential
Decree No. 806;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
decree as part of the laws of the land:cralaw:red
Section 1. Whenever used in Presidential Decree No.
894, the words "shipping lines" are hereby amended and changed to read
as "vessel" or "vessels", as the case may be.
Section 2. Sections 1, 2, and 3 of Presidential
Decree No. 894 are hereby amended or modified accordingly. chanroblesvirtualawlibrary
This Decree shall take effect immediately.
Done in the City of Manila,
this 14th day of July, in the year of Our Lord, nineteen hundred and
seventy-six.
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