PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
REPUBLIC ACT NO. 913 - AN ACT TO
AMEND Sec. ONE OF COMMONWEALTH ACT NUMBERED SIX HUNDRED SIX BY DEFINING
THE TERM "LEASE" OR "CHARTER" AND FOR OTHER PURPOSES |
Section 1.
Section one of Commonwealth Act Numbered Six hundred six is hereby
amended to read as follows: "Section 1. No
person, corporation, association or entity whatsoever shall, without
the approval of the President of the Philippines: (a) transfer to or
place under any foreign registry or flag at war with the Philippines
any vessel owned in whole or in part by a citizen of the Philippines or
by a corporation organized under the laws of the Philippines; or (b)
sell, mortgage, lease, charter, deliver or in any manner transfer,
directly or indirectly, to any person not a citizen of the United
States or of the Philippines, or of a foreign country not at war with
the Philippines, (1) any such vessel or any interest therein, or (2)
any vessel registered under the laws of the Philippines or bearing a
certificate of Philippine registry, or any interest therein, or (3) any
shipyard, drydock, ship-building or ship-repairing plant or facilities,
or any interest therein; or (c) enter into any contract, agreement, or
understanding, to construct a vessel within the Philippines for or to
be delivered to any person not a citizen of the United States or of the
Philippines, or of a foreign country not at war with the Philippines,
or to be placed under any foreign registry or flag at war with the
Philippines, without expressly stipulating that such construction shall
not begin while this Act is in full force and effect; or (d) make any
agreement or effect any understanding whereby there is vested in or for
the benefit of any person not a citizen of the United States or of the
Philippines, the controlling interest or the majority of the voting
power in a corporation which is organized under the laws of the
Philippines, and which owns any vessel, shipyard, drydock, or
ship-building or ship-repairing plant or facilities; or (e) cause or
procure any vessel constructed in whole or in part within the
Philippines, which has never cleared for any foreign port, to depart
from a port of the Philippines before it has been registered under the
laws of the Philippines. The term "lease" or "charter" as used in this
Act means a contract in which the owner of a vessel lets for
consideration the whole or principal part thereof for the conveyance of
goods and/or passengers on a particular voyage to one or more places or
until the expiration of a specified time and surrenders unto the lessee
or charterer the control, by vesting upon the latter the right to
appoint the captain, officers and members of the crew, of the vessel
leased or chartered during the duration of the contract."
Sec. 2. This Act shall take effect upon its approval. Approved: June 20, 1953 |
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