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