Retirement of Old Vessels.
Section 23
SEC. 23. Retirement of Old Vessels. — Immediately upon the approval of this Act, the MARINA shall prepare and implement a mandatory vessel retirement program for all unclassed vessels that fail to meet the classification standards of a government-recognized classification society. All vessels which have attained the maximum vessel age stipulated by MARINA’s mandatory vessel retirement program and which do not carry a class certificate issued by a government-recognized classification society shall not be allowed to operate in the domestic trade and shall be automatically de-listed from the Philippine Registry. CHAPTER XFINAL PROVISIONS