Presidential Decree No. 806 (PD 806) — Providing for Direct Incentives for the Development of Philippine Overseas Shipping.
WHEREAS, the government recognizes the important role of the
shipping industry in the economic development of the country;
WHEREAS, Presidential Decree No. 667 was
promulgated with the objective of providing incentives to the shipping
industry by granting income tax deductions to shippers who utilize
Philippine flag vessels for their shipments, which incentive is
considered as an indirect assistance to the said industry; and
WHEREAS, it is deemed more advantageous to and meaningful
for said shipping industry to be extended direct assistance instead of
the indirect type thus granted under the aforesaid decree.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers in me vested by the Constitution,
do hereby decree the following as part of the law of the land.
SECTION 1. The policies and objectives declared in
Presidential Decree No. 474 are reiterated herein and made an integral
part of this decree. In pursuance of such policies, the State shall take
all the steps necessary, including the provision of direct incentives
to Philippine flag vessels and national shipping lines, to enable them
to carry a substantial and increasing share of the cargo generated by
Philippine foreign trade and to accelerate expansion and modernization
of the Philippine merchant fleet.
SEC. 2. In lieu of indirect incentives under P.D. No. 667,
the following are hereby adopted:
Vessels which are duly registered in the Philippines
and which are owned or controlled, or chartered by Philippine
nationals shall have a least equal shares as vessels of an other country
in the carriage of international cargo between the Philippines and that
other country.
Shipping lines of third-countries shall be accorded
opportunities to carry the balance of the international cargo on such
bilateral trade which cannot be carried by such vessels of the
Philippines and of the second country.
SEC. 3. The Maritime Industry Authority is authorized and
directed:
to study devise means by which importers and exporters of the
Philippines can be induced to give preference to vessels of Philippine
registry and those owned or controlled, or chartered by
Philippine nationals, with the assistance of other government
offices, agencies and instrumentalities as well as Philippine
shipping lines;
to recommend such measures as it may deem necessary to the
appropriate government authorities to implement the policies and
objectives herein set forth;
to promulgate appropriate rules and regulations for
the effective implementation of this decree; and d. to serve as central
coordinating agency in the implementation of this decree.
SEC. 4. All laws, decrees, orders, rules and regulations
which are inconsistent with or contrary to the provisions of this Decree
are hereby repealed or modified accordingly.
SEC. 5. This Decree shall take effect upon its approval.
Done in the City of Manila this 3rd day of October, in the year
of Our Lord, nineteen hundred and seventy-five.
(Sgd.)
FERDINAND E. MARCOS
President
Republic of the Philippines
By the President:
(Sgd.)
ALEJANDRO MELCHOR
Executive Secretary
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
