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The implementing rules and regulations (IRR) for the Foreign Ships Co-Loading Act, which allows foreign vessels to transport Customs-cleared foreign cargoes to multiple Philippine ports in order to cut logistics costs, has finally been signed.
The IRR, embodied in Joint Department Administrative Order No. 001-2016, was approved and signed by the secretaries of finance, trade and industry, transport and communications, and justice. It gives teeth to Republic Act (R.A.) No. 10668, or “An Act Allowing Foreign Vessels to Transport and Co-Load Foreign Cargoes for Domestic Transshipment and for Other Purposes,” which was signed by President Benigno Aquino III on July 21, 2015.
The implementing rules and regulations (IRR) for the Foreign Ships Co-Loading Act, which allows foreign vessels to transport Customs-cleared foreign cargoes to multiple Philippine ports in order to cut logistics costs, has finally been signed.
The IRR, embodied in Joint Department Administrative Order No. 001-2016, was approved and signed by the secretaries of finance, trade and industry, transport and communications, and justice. It gives teeth to Republic Act (R.A.) No. 10668, or “An Act Allowing Foreign Vessels to Transport and Co-Load Foreign Cargoes for Domestic Transshipment and for Other Purposes,” which was signed by President Benigno Aquino III on July 21, 2015.
The implementing rules and regulations (IRR) for the Foreign Ships Co-Loading Act, which allows foreign vessels to transport Customs-cleared foreign cargoes to multiple Philippine ports in order to cut logistics costs, has finally been signed.
The IRR, embodied in Joint Department Administrative Order No. 001-2016, was approved and signed by the secretaries of finance, trade and industry, transport and communications, and justice. It gives teeth to Republic Act (R.A.) No. 10668, or “An Act Allowing Foreign Vessels to Transport and Co-Load Foreign Cargoes for Domestic Transshipment and for Other Purposes,” which was signed by President Benigno Aquino III on July 21, 2015.