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PRESIDENTIAL DECREE NO. 1711
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PRESIDENTIAL DECREE NO. 1711 -
FURTHER AMENDING PRESIDENTIAL DECREE NO. 760, AS AMENDED BY FURTHER
ENCOURAGING THE CHARTERING OF SPECIALIZED OCEAN-GOING VESSELS AND BY
EXTENDING THE EFFECTIVITY OF THE DECREE UNTIL 1999
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WHEREAS, it
is the declared policy of the Philippine government to accelerate the
expansion and modernization of the Philippine overseas fleet and
further increase the generation of foreign exchange earnings as well as
maritime employment; chanroblesvirtualawlibrary
WHEREAS, there is a recognized need to broaden the legal framework
under the present law such that the incentive granted under P.D. 760 is
extended to overseas shipping projects including the temporary
registration of specialized vessels; and
WHEREAS, long term investment in shipping requires a corresponding long
term incentive in the availment of temporary Philippine flag
registration.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, by virtue of the powers vested in me by the
Constitution, do hereby order and decree the further amendment of
Presidential Decree No. 760, as amended, as follows:cralaw:red
Section 1. Section 1 of Presidential Decree No. 760,
as amended, is further amended to read as follows:cralaw:red
"Sec. 1. Any provision of law, decree, executive
order, or rules and regulations to the contrary notwithstanding, any
foreign owned vessel under charter or lease to a Philippine national as
the term is defined in Section 3 of Presidential Decree 474, may be
issued a temporary certificate of Philippine registry by the Philippine
Coast Guard; Provided, That said charter or lease, (1) has the prior
written approval of the Maritime Industry Authority, (2) shall be valid
and effective for a period of not less than one year; Provided,
further, That the operation of the vessel shall be entirely in the
hands of Philippine nationals and free from any participation or
interference from alien owner, except insofar as such action shall be
to directly protect his rights as owner thereof, Provided, finally,
That the registered vessel shall be manned completely by a Filipino
crew except in the case of specialized vessels and subject to rules and
regulations MARINA may prescribed in relation thereto." chanroblesvirtualawlibrary
The effectivity of any charter or lease contract entered into pursuant
to this Decree shall not extend beyond the year 1999 unless otherwise
extended by the President of the Republic of the Philippines.
Section 2. The Maritime Industry Authority, in
coordination with the Philippine Coast Guard, shall promulgate the
rules and regulations together with procedures and guidelines, for the
implementation of this Decree.
Section 3. Any provision of law, decree, executive
order or rules and regulations inconsistent with this Decree is hereby
repealed, amended or modified accordingly.
Section 4. This Decree shall take effect immediately.
Done in the City of Manila,
this 21st day of August, in the Year of Our Lord, Nineteen Hundred and
Eighty.
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