Pursuant to the pertinent provisions of R.A. 7621 (Charter of the Cebu Port Authority ) and CPA Board Resolution No. 149-2012, adopted during the 9^th Special Board Meeting of the 6^th Cebu Port Commission on 27 November 2012, in the interest of ensuring smooth operation of the foreign cargo handling operations in the Port of Cebu, the following uniform foreign cargo handling rates and guidelines are hereby prescribed.

SECTION 1. Rate of Increase - Except for Iron and Steel products, there shall be a a twelve percent (12%) across the board increase in foreign cargo handling tariff in the Port of Cebu as approved by the Cebu Port Commission and as presented during the public hearing held on 27 November 2012. Increased rates are attached hereto as Annex A^* .

SECTION 2. Schedule of Implementation - The new rates shall be implemented effective 01 January 2013, after two (2) publications in a newspaper of general circulation.

SECTION 3. Repealing Clause - This Circular amends all previous circulars, order and other issuances passed or adopted by CPA in so far as they are inconsistent herewith.

APPROVED.

(SGD.) ENGR. DENNIS R. VILLAMOR, CEO VI
General Manager

^* Text Available at the Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City