HOME PAGE ABOUT US CONTACT US SUBSCRIBE ADVERTISE ARCHIVES
TOP STORIES NATION ECONOMY COMPANIES SHIPPING OPINION PERSPECTIVE LIFE SPORTS MOTORING
SEARCH ENGINE
WWWOur Site
Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino
Monday to Friday
8:00pm-10:00pm

ARTICLE SERVICES
  • bookmark this page
  • print this article
  • view archive
  •  
    Levy on tankers may
    start in 3rd quarter
    By VG Cabuag
    Reporter

    THE Department of Transportation and Communications (DOTC) said it is in no hurry in implementing the law that slaps a 10-centavo levy on tankers for every movement of oil products, but the agency wants all holes to be plugged before the law takes effect.

    DOTC Undersecretary Maria Elena Bautista said the law, or Republic Act 9483 Oil Pollution Management Act of 2007, will now be implemented after all legal implications, such as the overlapping issue with international oil-pollution conventions, has already been resolved.

    “The earliest that the law will be implemented is during the third quarter [this year]. This is to give operators ample time to prepare and for DOTC to design fool-proof implementing guidelines to prevent possible legal tussle in the future,” Bautista said.

    She said they still have to address issues such as the time line of the collection of the levy, the ceiling amount of the oil-pollution fund, and the length of the replenishing period once money is drawn from the fund.

    “We are not in the hurry to enforce the law. There is much work to be done even with after getting a favorable opinion from the Justice department. We will still continue to consult the stakeholders in crafting the guidelines for a harmonized and smooth discharge of the law,” Bautista said.

    On the other hand, tanker groups, led by Philippine Petroleum Sea Transport Association and Association of Tanker Operator of the Philippines, has kept its plan of action from the public, but hinted there will be legal actions to be made in case the law is implemented.

    The law seeks to implement a 10-centavo levy from the freight rates to form part of the oil-pollution fund of about P1 billion for the first year of collection. The law, however, is putting all the responsibility only to the tankers and not to every vessel in the country.

    Tankers warned that they have no choice but to pass the added cost to their clients, the petroleum companies, which would then will have to jack up its consumer prices.

    As a result, the tanker operators and oil firms, through the Petroleum Institute of the Philippines, have joined forces to counter every move of the government in carrying out the law.

    The levy is meant to fund activities for an immediate response during oil-spill incidents in the local trade to prevent destructive oil-spill incidents along Philippine waters.

    According to initial plans, the Maritime Industry Authority will be the fund manager, while the Philippine Coast Guard will be the main implementing agency in case of an accident.

    The fund is on top of the Civil Liability Convention and the International Oil Pollution Convention, to which the country is a signatory. The coverage of each fund is $1 billion, but there are strict mechanisms in place to avoid double payment.

    OTHER STORIES

    Levy on tankers may start in 3rd quarter

    THE Department of Transportation and Communications (DOTC) said it is in no hurry in implementing the law that slaps a 10-centavo levy on tankers for every movement of oil products, but the agency wants all holes to be plugged before the law takes effect.

    read more

    PPA hands off Dumaguete port row

    THE Philippine Ports Authority (PPA) has asked Malacañang to take over the resolution of the labor dispute at Dumaguete Port in the central part of the country, after the situation went from bad to worse, while the state firm and shipping companies are counting their losses.

    read more

    Germans against Sarkozy plan for ship cooperation
    GERMAN officials torpedoed a plan by French President Nicolas Sarkozy to cooperate in the shipbuilding industry on a level similar to the European Aeronautic, Defence & Space Co., Der Spiegel reported.
    read more

    Persian Gulf tanker rates may increase

    THE cost of shipping Middle East crude to Asia, which climbed for the first time in 11 days Thursday, may rise as the number of shipments in April exceeds expectations and refineries start looking for vessels to load next month.

    read more

    TNT invests €100 million to capture freight opportunities
    TNT will invest €100 million (P6.5 billion) over the next five years to strengthen its network coverage, connectivity and infrastructure, defining its long-term aim as building a leadership position by leveraging on the soaring demand for freight express services between Southeast Asia, China and Europe.
    read more