Section 2
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.