Question & AnswerQ&A (POEA GOVERNING BOARD Resolution NO. 01 s. 1994)
The main policy objective is to afford protection to Filipino overseas contract workers, including seafarers and their families, promote their interest, and safeguard their welfare.
Under its mandate, the POEA has the power and function to secure the best terms and conditions of employment of Filipino contract workers and ensure compliance therewith.
Because the existing compensation and benefits were becoming much lesser than prevailing international standards and those given to unionized seafarers under their collective bargaining agreements.
The Tripartite Technical Working Group convened for the purpose of deliberating the compensation and benefits.
The employer shall pay the beneficiaries the Philippine Currency equivalent of US$50,000 and an additional US$7,000 to each child under 21 years old, up to four children.
The compensation payable shall be doubled, and the employer must undertake appropriate warzone insurance coverage.
The maximum amount reimbursed shall not exceed the Philippine Currency equivalent of US$2,000 in case of total loss or damage.
The amount shall be determined by mutual agreement of both parties but shall not exceed the Philippine Currency equivalent of US$2,000.
The maximum rate was adjusted to US$50,000 regardless of the seafarer's rank and position.
They apply to any Filipino seafarer onboard any vessel provided that the cause of action occurs after the Resolution takes effect.
The Resolution took effect sixty (60) days after publication in a newspaper of general circulation.