REQUIRING ALL GOVERNMENT-OWNED VESSELS UTILIZED IN MARITIME COMMERCE AND PRIVATELY-OWNED VESSELS ACQUIRED THROUGH REPARATIONS BUT NOT YET FULLY PAID, TO ACCEPT CADETS FROM THE PHILIPPINE MERCHANT MARITIME ACADEMY FOR SHIPBOARD TRAINING.

AN ACT CONVERTING THE PRESENT PHILIPPINE NAUTICAL SCHOOL INTO THE PHILIPPINE MERCHANT MARINE ACADEMY, CONFERRING THE DEGREES OF BACHELOR OF SCIENCE IN MARINE TRANSPORTATION, MAJOR IN NAVIGATION AND SEAMANSHIP, AND BACHELOR OF SCIENCE IN MARINE TRANSPORTATION, MAJOR IN STEAM ENGINE AND ELECTRICAL ENGINEERING, PROVIDING FOR A MERCHANT MARINE ACADEMY BOARD, DEFINING THE BOARD'S RESPONSIBILITIES AND DUTIES, AND FOR OTHER PURPOSES.