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(NAR) VOL. 9 NO. 2 / APRIL - JUNE 1998
[ SRA SUGAR ORDER NO. 6, March 04, 1998 ]
RULES AND REGULATIONS ON EXCHANGE ("SWAPPING") OF "A" QUEDAN PERMITS
WHEREAS, the present rules and regulations on exchange ("swapping") and stock positioning of "A" or U.S. Quota sugar quedan-permits are contained in Sugar Orders No. 6, 6-A, 7 and 7-A, all series of 1994-1995, and Sugar Order No. 7, series of 1996-1997.
WHEREAS, Sugar Order No. 7 as amended by Sugar Order No. 7-A, all series of 1994-1995 provides for the automatic transfer by the mills of "A" or U.S. Quota sugar to the loading port or bulk terminals within sixty (60) days of production, a requirement that is difficult to implement in view of the additional financial and administrative costs it would entail for the mills, aside from the risks to the physical sugar;
WHEREAS, there is need to update, modify and consolidate these rules and regulations into one sugar order in order to secure the objective of expediting the shipment of the "A" or U.S. Quota sugar to the United States.
NOW, THEREFORE, under and by virtue of the authority vested in the Sugar Regulatory Administration, it is hereby ordered:
SECTION 1. Effective immediately and until otherwise revoked, the exchange ("swapping") of "A" or U.S. Quota sugar quedan-permits issued by mills without loading ports or far from bulk terminals (Group I of Annex "A" hereof) for the purpose of physical positioning of the sugar shall be limited to one exchange ("swapping") transaction and only against quedan-permits of other classes of sugar issued by mills with loading ports or near bulk terminals (Group II of Annex "A").
"A" or U.S. Quota sugar quedan-permits issued by mills with loading ports or near bulk terminals (Group II of Annex "A") shall be eligible for two exchange ("swapping") transactions but only with quedan permits of other classes of sugar issued by mills likewise listed in Group II of Annex "A".
SECTION 2. Application for Exchange ("Swapping") Involving "A" Quedan — Permits shall be processed even without the accompanying application for export clearance and permits.
In view of the repeal of Sugar Orders No. 7 and 7-A, Series of 1994-1995 as hereinafter provided, a certification from the mill site warehouse to the loading port or bulk terminals, is also no longer required.
SECTION 3. Sugar Orders No. 6, 6-A, 7, 7-A, all series of 1994-1995, and Sugar Order No. 7, series of 1996-1997 are hereby repealed.
SECTION 4. The SRA Administrator is hereby authorized to issue a circular providing guidelines for the implementation of this Circular.
SECTION 5. This Sugar Order shall take effect immediately.
SECTION 6. Provisions of sugar orders, circular letters, rules and regulations inconsistent with or contrary to this Sugar Order are hereby revoked, amended or modified accordingly.
Adopted: 4 March 1998
(SGD.) MICHAEL K. SUAREZ
Administrator
Group I — Sugarmills without Loading Ports or Far from Bulk Terminals
A. Luzon
B. Central and Eastern Visayas/Mindanao
Group II — Sugarmills with Loading Ports or Near Bulk Terminals
A. Central and Eastern Visayas Mindanao
B. Panay
C. Negros
WHEREAS, Sugar Order No. 7 as amended by Sugar Order No. 7-A, all series of 1994-1995 provides for the automatic transfer by the mills of "A" or U.S. Quota sugar to the loading port or bulk terminals within sixty (60) days of production, a requirement that is difficult to implement in view of the additional financial and administrative costs it would entail for the mills, aside from the risks to the physical sugar;
WHEREAS, there is need to update, modify and consolidate these rules and regulations into one sugar order in order to secure the objective of expediting the shipment of the "A" or U.S. Quota sugar to the United States.
NOW, THEREFORE, under and by virtue of the authority vested in the Sugar Regulatory Administration, it is hereby ordered:
SECTION 1. Effective immediately and until otherwise revoked, the exchange ("swapping") of "A" or U.S. Quota sugar quedan-permits issued by mills without loading ports or far from bulk terminals (Group I of Annex "A" hereof) for the purpose of physical positioning of the sugar shall be limited to one exchange ("swapping") transaction and only against quedan-permits of other classes of sugar issued by mills with loading ports or near bulk terminals (Group II of Annex "A").
"A" or U.S. Quota sugar quedan-permits issued by mills with loading ports or near bulk terminals (Group II of Annex "A") shall be eligible for two exchange ("swapping") transactions but only with quedan permits of other classes of sugar issued by mills likewise listed in Group II of Annex "A".
SECTION 2. Application for Exchange ("Swapping") Involving "A" Quedan — Permits shall be processed even without the accompanying application for export clearance and permits.
In view of the repeal of Sugar Orders No. 7 and 7-A, Series of 1994-1995 as hereinafter provided, a certification from the mill site warehouse to the loading port or bulk terminals, is also no longer required.
SECTION 3. Sugar Orders No. 6, 6-A, 7, 7-A, all series of 1994-1995, and Sugar Order No. 7, series of 1996-1997 are hereby repealed.
SECTION 4. The SRA Administrator is hereby authorized to issue a circular providing guidelines for the implementation of this Circular.
SECTION 5. This Sugar Order shall take effect immediately.
SECTION 6. Provisions of sugar orders, circular letters, rules and regulations inconsistent with or contrary to this Sugar Order are hereby revoked, amended or modified accordingly.
Adopted: 4 March 1998
(SGD.) MICHAEL K. SUAREZ
Administrator
ANNEX A
Group I — Sugarmills without Loading Ports or Far from Bulk Terminals
A. Luzon
| 1. Batangas | 6. Pasudeco |
| 2. Cagayan Robina | 7. Pensumil |
| 3. Canlubang | 8. Tarlac |
| 4. Don Pedro | 9. Wescor |
| 5. Manaoag |
B. Central and Eastern Visayas/Mindanao
| 1. Bogo-Medellin | |
| 2. Davao | |
| 3. Durano |
Group II — Sugarmills with Loading Ports or Near Bulk Terminals
A. Central and Eastern Visayas Mindanao
| 1. Bais | 5. Ormoc |
| 2. Busco | 6. Seasumco |
| 3. Crystal | 7. Tolong (H. Teves) |
| 4. Kananga | 8. URSUMCO |
B. Panay
| 1. Capiz | |
| 2. Monomer | |
| 3. New Frontier | |
| 4. Passi |
C. Negros
| 1. BISCOM | 8. Ma-ao |
| 2. Dacongcogon | 9. Noah's Ark |
| 3. Danao | 10. Sagay |
| 4. First Farmers | 11. San Carlos |
| 5. Hawaiian-Philippine | 12. Sonedco |
| 6. La Carlota | 13. Sunnix (Caneland) |
| 7. Lopez | 14. Victorias |