LTFRB Memorandum Circular No. 2005-050
PROHIBITION OF INTERCHANGE OF UNITS
(NAR) VOL. 16 NO. 4 / OCTOBER - DECEMBER 2005
[ LTFRB MEMORANDUM CIRCULAR NO. 2005-050, December 02, 2005 ]
PROHIBITION OF INTERCHANGE OF UNITS
In order to avoid confusion as to the authorized units of a particular Certificate of Public Convenience (CPC), grantees of Certificates of Public Convenience with two (2) or more CPCs are prohibited to file a Petition of Interchange of Units. This Memorandum Circular supersedes any and all issuances inconsistent herewith, and takes effect immediately.
SO ORDERED.
Adopted: 02 Dec. 2005
(SGD.) MARIA ELENA H. BAUTISTA Chairperson
(SGD.) GERARDO A. PINILI (SGD.) MA. ELLEN DIRIGE-CABATU Board Member Board Member