APPROVING THE PROPOSED RATES FOR GENERAL SANTOS FISH PORT COMPLEX

WHEREAS, the General Santos Fish Port Complex (GSFPC) located at
General Santos City was constructed by the Project Management
Office-Fishing Ports (PMO) to provide a venue for more efficient
handling, processing, and distribution of fish and other marine products
in Southern Philippines;

WHEREAS, by virtue of its charter, the PFDA is mandated to operate,
manage, and administer the General Santos Fish Port Complex (GSFPC) upon
its completion and consequent transfer to the PFDA by the Project
Management Office-Fishing Ports;

WHEREAS, in a memorandum dated 20 November 1998, the management of
General Santos Fish Port Complex (GSFPC) presented the schedule of rates
and fees used in charging port users and clients for the use of the
GSFPC facilities since 31 March 1998;

WHEREAS, these rates and fees have been discussed with the private
sector in a series of public hearings since GSFPC started operations in
March 1998;

WHEREAS, in a memorandum dated 15 December 1998, the Acting General
Manager favorably endorsed the proposed rates, fees and charges for
General Santos Fish Port Complex based on the recommendation made by the
Operations Management Department on 14 December 1998  for the approval
of these rates, fees and charges except those related to transshipment
activities which require further studies;

WHEREAS, in consonance with the practice in other fish port
complexes, the Executive Committee deems it reasonable and fair to adopt
fees and charges for the use of the GSFPC Harbor, Market,
Refrigeration, and other facilities;

NOW, THEREFORE, BE IT RESOLVED as it is hereby resolved upon motion
duly seconded that this body approve and confirm  as it hereby approves
and confirms the proposed rates, fees, and charges for the General
Santos Fish Port Complex (GSFPC), as contained in a memorandum from
GSFPC management dated 20 November 1998, except those fees related to
transshipment activities.

Unanimously approved.

Adopted: 22 December 1998

(SGD.) MA. LUISA B. SORIANO
Corporate Board Secretary