Philippine Overseas Shipping Development Act

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Republic Act No. 7471: Philippine Overseas Shipping Development Act

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Title Source: Supreme Court: Philippine Overseas Shipping Development Act

Law: Republic Act No. 7471

Decision Date: May 5, 1992

The Philippine Overseas Shipping Development Act promotes the development of Philippine overseas shipping by encouraging ownership and operation of vessels under the Philippine flag, providing financial incentives for shipping enterprises, and establishing regulations to ensure compliance and safety standards.

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