FACTORS CONTRIBUTING TO EFFICIENT MARITIME LOGISTIC Jose Venancio A. Vero, Jr. Director
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FACTORS CONTRIBUTING TO EFFICIENT MARITIME LOGISTIC Jose Venancio A. Vero, Jr. Director
FACTORS CONTRIBUTING TO EFFICIENT MARITIME LOGISTIC Jose Venancio A. Vero, Jr. Director Maritime Safety Office Maritime Industry Authority Philippines FACTORS ∗ ∗ ∗ ∗ ∗ Fiscal Incentives Port Infrastructure Ship Safety Responsible Shipowner Sound Investment Policy FISCAL INCENTIVES ∗ Tax holiday ∗ Augment financial position VAT Exemption Ship importation Ship’s spare parts Engines PORT INFRASTRUCTURE ∗ Port Facilities ∗ Responsive to the changing trends in shipping innovation ∗ Strategic location SHIP SAFETY ∗ Safe ship ‐ good for business ∗ Unsafe ship ∗ Loss of confidence Unnecessary expenses Delay in transport of goods Bad for economy Safe ship Boost confidence Reliability and dependency Increase economic activity RESPONSIBLE SHIPOWNER ∗ ∗ ∗ ∗ Responsible shipowner help build confidence Comply with national safety standards Adhere to high standard of safety Professionalism SOUND ECONOMIC POLICY ∗ Investor’s confidence ∗ Predictability ∗ Encourage investments ∗ Proper alignment of investment capital