Pursuant to PPA Board Resolution No.2005-945 dated March 1, 2005, the cargo handling rates for foreign cargo-related (arrastre) container handling charges and foreign arrastre stevedoring and foreign miscellaneous, on non-containerized cargoes handled at South Harbor and MICT are hereby increased as follows:

                                                 

Effectivity	Cargo-related Charges for Foreign Containerized Cargoes	Arrastre, Stevedoring & Miscellaneous Charges for Foreign Non-Containerized cargoes
First Tranche - Effective 19 March, 2005	12%	12%
Second Tranche - Effective19 March, 2006	10%	8%

This Memorandum Circular shall take effect after completion of the publication in at least two (2) newspapers of general circulation.

Adopted: 02 March 2005

(SGD.) ATTY. OSCAR M. SEVILLA
General Manager