Law Summary
Legal Basis and Authority
- The creation and opening of the subport are authorized pursuant to Section 702 of Republic Act No. 1937.
- The establishment is issued via executive order by the President of the Philippines upon the recommendation of the Secretary of Finance.
Purpose and Rationale
- The opening of the subport responds to the needs of the Standard-Vacuum Refining Corporation (Philippines), which is constructing an oil refinery in Limay, Bataan.
- It aims to facilitate both foreign and coastwise trade connected with the refinery’s operations.
- The refinery development is recognized as a significant industrial and economic advancement expected to generate substantial employment.
Government Involvement and Responsibilities
- The Government will staff the subport with a minimal customs force for operational purposes.
- Oversight of the construction of the pier by the Standard-Vacuum Refining Corporation will be conducted by the Department of Public Works and Communications.
Revenue and Fee Collection
- The Bureau of Customs is tasked with collecting applicable wharfage dues and berthing charges at the subport.
- These collections are to be conducted in accordance with Republic Act No. 1937, as amended.
Formalization of the Order
- The executive order is signed by the President and countersigned by the Executive Secretary.
- The order was executed in Manila on June 7, 1960, highlighting its legal and historical context.