Compensation for Loss or Damage to Crew's Personal Effects
- The employer must reimburse the seaman for the full amount of loss or damage to personal effects up to US$2,000 equivalent in Philippine Pesos.
- This applies in cases of total loss due to shipwreck, loss, stranding, abandonment, fire, flooding, or collision.
- For partial loss, compensation is subject to mutual agreement but must not exceed the US$2,000 equivalent.
Schedule of Disability Allowances
- Disability compensation is based on a graded scale ranging from Impediment Grade 1 to 14.
- Maximum compensation rate is US$50,000 equivalent.
- Payment is made in Philippine Pesos at the exchange rate at the time of payment.
- The specific percentage multipliers decrease progressively from 120% for Grade 1 to 3.74% for Grade 14.
Application and Effectivity of New Compensation Rates
- The revised compensation and benefits apply to Filipino seafarers already onboard vessels, provided the cause of action arises after the effective date.
Minimum Standards and Improvement of Terms
- The stated compensation and benefits represent minimum requirements set by the POEA Administration.
- Parties may freely improve upon these minimums through written agreements.
- Any enhancement must be documented and appended to the POEA Standard Employment Contract for processing and approval by the Administration.
Enforcement
- The memorandum circular mandates strict compliance with the adjusted compensation rates and benefits as of March 20, 1994.