(NAR) VOL. 22 NO. 1, JANUARY - MARCH 2011
Total GT of Ship/Fleet of Ships Required Minimum Paid-Up Capitalization 1. Non-tanker owners/operators • 10 GT and below or without ship at time of application :Php25,000.00 • Above 10 GT to 4,999 GT :Php2,500.00/GT • Above 4,999 GT :Php12,500,000.00 2. Tanker owners/operators and/or barges hauling oil or petroleum products • Without tanker at time of application :Php5,000,000.00 • 2,000 GT and below :Php5,000,000.00 • Above 2,000 GT to 4,999 GT :Php2,500.00/GT • Above 4,999 GT :Php12,500,000.00