Performance Bond for Cargo Handling Operators

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PPA ADMINISTRATIVE ORDER NO. 04-2007: Performance Bond for Cargo Handling Operators

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Title Source: Supreme Court: Performance Bond for Cargo Handling Operators

Law: Ppa Administrative Order No. 04-2007

Decision Date: Oct 26, 2007

Cargo Handling Operators with annual gross revenues exceeding PHP 300 million are now required to secure a performance bond ranging from PHP 6.5 million to PHP 20 million, depending on their revenue bracket, as mandated by the recent amendment to the Performance Standards and Rating System.

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