This Revised Implementing Rules and Regulations (RIRR) is promulgated pursuant to Paragraph 17, Section 10 of RA No. 9295, known as the “Domestic Shipping Development Act of 2004”. This RIRR is aims to carry out the policy of the State in order to: develop a strong, modern, safe and competitive domestic merchant fleet owned and controlled by Filipinos or corporations at least 60% of the capital of which is owned by Filipinos and manned exclusively by qualified and competent Filipino officers and crew, which shall: by ensuring safe, reliable, efficient, adequate and economical passenger and cargo service; encourage the dispersal of industry and the economic development of our regional communities by ensuring the availability of regular, reliable and efficient shipping services; ensure the growth of exports trade by providing necessary, competitive and economical domestic sea linkages; Serve as naval and military auxiliary in times of war and other national emergencies; and, function as an employment support base for Filipino seafarers; promote Filipino ownership of vessels operated under the Philippine flag; attract private capital to invest in the shipping industry by creating a healthy and competitive investment and operating environment; provide necessary assistance and incentives for the continued growth of the Philippine domestic merchant fleet; encourage the improvement and upgrading of the existing domestic merchant fleet and Filipino crew to meet international standards; ensure the continued viability of domestic shipping operations; etc.
Filipinas · 2009-10-26