The Department of Trade and Industry (DTI) has tightened sea freight forwarding activities in the country with the issuance of comprehensive regulations. These new rules encompass accreditation requirements, responsibilities, fees, and penalties for non-compliance, aiming to enhance service quality, ensure fair practices, and protect consumers.
Objectives of the New Regulations
Establish Minimum Standards: Define the minimum standards and requirements for the accreditation of sea freight forwarders.
Enhance Service Quality: Improve the quality of services, capabilities, resources, and expertise of the firms to meet the demands of the Philippines’ growing global and domestic trade.
Prevent Harmful Practices: Eliminate practices detrimental to the rapid growth of the sea freight forwarding industry and the interests of Philippine businesses and the general public.
Promote Fair Transactions: Encourage fair, honest, and equitable relations among parties in consumer transactions.
Scope and Coverage
The new regulations apply to all sea freight forwarders, including Non-Vessel Operating Common Carriers (NVOCC), International Freight Forwarders (IFF), and Domestic Freight Forwarders (DFF).
Accreditation Requirements
All firms must obtain a DTI accreditation certificate before commencing operations. The documentary requirements are as follows:
Sole Proprietorships: Valid business permit, latest audited financial statement, biodata of key officers, list of agents or principals for renewal, and proof of liability insurance.
Corporations, Partnerships, and Cooperatives: SEC or CDA certificate, valid business permit, latest audited financial statement, biodata of key officers, list of agents or principals for renewal, and proof of liability insurance.
These regulations are designed to foster a more robust and reliable sea freight forwarding industry in the Philippines, ensuring that all stakeholders benefit from improved standards and practices
