WHEREAS, the pressing need for economic growth requires that
Philippine exports be more competitive in the world markets and that
the cost of imports and domestic production and consumer prices be
rationalized;
WHEREAS, these objectives can be obtained faster by
facilitating the movement of goods to, from and within the Philippines
at reasonable and stable freight rates and other terms of shipment; and
WHEREAS, it is necessary to organize the Philippine shippers
into a cohesive group to enable them to promote and protect their
common interest and the economy and to negotiate with foreign shipping
interests from position of strength for reasonable freight rates and
optimum shipping terms;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by the Constitution as
Commander-in-Chief of all the Armed Forces of the Philippines, and
pursuant to Proclamation No. 1081, dated September 21, 1972, and General
Order No. 1, dated September 22, 1972, as amended, in order to effect
the desired changes and reforms in the social, economic and political
structure of our society, do hereby order and decree as part of the laws
of the land the following: