Pursuant to the provisions of Presidential Decree No. 474, the Public Service Act, as amended; Executive Order No. 125/125A; Executive Order No. 292 (Administrative Code of 1987); Batas Pambansa Blg. 325; the General Provisions of the General Appropriations Act; and other pertinent laws, decrees, rules and regulations; the Maritime Industry Board approved on 15 March 2001 the Management’s recommendation on New Fees and Charges listed herein which shall be imposed and collected by the Maritime Industry Authority.

	ACTIVITY		NEW FEES
1. Approval-in-principle to acquire vessel
	• 1 - 10 years old		P6,600.00/vessel
	• Above 10 years old		P13,200.00/vessel
	• High Speed Craft		P20,000.00/vessel
2.	Amendment of Bareboat Charter hire/monthly leasepayments/Acquisition Cost		P1,000.00/vessel
3.	Transfer of rights and obligations over a vessel
	• 1 - 10 years old		P6,600.00/vessel
	• Above 10 years old		P13,200.00/vessel
	• High Speed Craft		P20,000.00/vessel
4.	Amendment of mode of acquisition of vessel		P1,000.00/application
5.	Amendment of MARINA approval by deleting or inserting word(s) or phrase(s)		P1,000.00/application
6.	Change of officer and stockholders of accredited domestic shipping companies		P600.00/application
7.	Permanent conversion of vessels from domestic to overseas		P5,000.00/application
8.	Extension of validity of MARINA approval to import vessels		P1,500.00/month or any fraction thereof of requested duration/period
9.	Issuance of Authority to import vessel for scrapping purposes		Below 1000 GT	1000 GT & above
	• Less than 10 years old		P5,000.00	P7,000.00
	• 11 - 14 years old		P7,500.00	P10,500.00
	• 15 - 20 years old		P10,000.00	P14,000.00
	• Above 20 years old		P14,000.00	P17,500.00
10.	Issuance of Authority to import vessel for floating dock purposes
	• Less than 10 years old		P5,000.00	P7,000.00
	• 11 - 14 years old		P7,500.00	P10,500.00
	• 15 - 20 years old		P10,000.00	P14,000.00
	• Above 20 years old		P14,000.00	P17,500.00
11.	Issuance of Certificate of Insurance or Other Financial Security pursuant to the Civil Liabilities Convention (CLC 1992)		P1,000.00/vessel

This Memorandum Circular shall take effect fifteen (15) days after its publication once in a newspaper of general circulation.

Adopted: 15 Mar. 2001

By Authority of the Board:

(SGD.) OSCAR M. SEVILLA
Administrator