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Fisheries Administrative Order No. 121 of 1976 concerning rules and regulations governing charter contracts; lease or lease-purchase, purchase agreements of fishing boats, or contracts for the assistance with a foreign person, corporation or entity.

Country/Territory
Philippines
Document type
Regulation
Date
1976
Source
FAO, FAOLEX
Original source
Photocopy.
Subject
Fisheries
Keyword
Marine fisheries Fishing vessel Subsidy/incentive Access right Foreign fishing Cooperative/producer organization Fishing authorization Fishery management and conservation Authorization/permit
Geographical area
Asia, Asia and the Pacific, East Asian Seas, North Pacific, South-Eastern Asia
Abstract

The Order regulates transfer of property rights with respect to fishing vessels in relation with financial assistance provided by the state to Filipino citizens or corporations and associations. Contracts for the (temporary) transfer of such rights shall be approved by the Secretary of Natural Resources.

Full text
English