Allowing Entry and Re-Export on a No-Dollar Import Basis of Certain Equipment

March 14, 1975

LETTER OF INSTRUCTIONS NO. 258-A

 

In order to insure the immediate exploration and exploitation of geothermal energy in certain areas of the country, you are hereby directed to allow and facilitate the entry and re-export on a no-dollar import basis of the following equipment, their accessories and spare parts, to wit: aisa dc

1. Drilling rig mast, draw works and mud system;

2. Generators, engines and associated machinery to power the rigs;

3. Heavy duty trucks, A-Frames and light vehicles;

4. Lining accommodations (trailers) etc. for expatriate crews and operators;

5. Storage and mixing facilities for comment; and

6. Cement pumping equipment.

The entry and re-export allowed herein on a no-dollar import basis cover only those made under lease agreements and after complying with the following conditions:

1. Filing of an appropriate bond;

2. Certification of the National Power Corporation that the equipment, their accessories and spare parts, are necessary for geothermal exploration or exploitation;

3. Approval by the Power Development Council (PDC) of the intended importation of re-exportation. aisa dc

DONE in the City of Manila, this 14th day of March, in the year of Our Lord, Nineteen Hundred and Seventy-Five.