Section 2
SEC. 2. The carriage of mail shall be under such reasonable terms and conditions including compensation as may be negotiated and agreed upon between the authorized operator of the vessel or vessels and the Postmaster General subject to the approval by the Secretary of Public Works, Transportation and Communications. In case they are unable to agree on the amount of compensation or any other terms and conditions, the matter shall be decided upon and the terms and conditions may be fixed by the Board of Transportation in accordance with Section six, paragraph (d) of Presidential Decree No. 474.