Amendment of MARINA rules on bareboat charter

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MARINA MEMORANDUM CIRCULAR NO. 111: Amendment of MARINA rules on bareboat charter

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Title Supreme Court: Amendment of MARINA rules on bareboat charter

Law: Marina Memorandum Circular No. 111

Decision Date: Jul 13, 1995

MARINA Memorandum Circular No. 111 amends guidelines for bareboat chartering and vessel registration, allowing accredited overseas shipping companies to increase their chartered vessels and facilitating investments in ship acquisition through Lease-Irrevocable-Purchase arrangements, while imposing penalties for non-compliance.

bareboat chartering

vessel registration

administrative law

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