WHEREAS, Letter of Instruction No. 263 dated March 31, 1975
authorizes the Philippine Coast Guard to issue permits to salvage
derelicts and sunken vessels or wrecks, and the Bureau of Customs to
issue permits to salvage cargoes carried by sunken vessels;
WHEREAS, in order to ensure full and strict compliance with
the said Letter of Instruction No. 263, it is necessary that certain
penalties be provided for unauthorized salvage operations.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by the Constitution,
do hereby decree and order: