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September 22, 2014GOVERNING BOARD RESOLUTION NO. 26-14WHEREAS, Governing Board Resolution No. 04, Series of 2008 was passed on 07 October 2008, declaring the Gulf of Aden as a high risk area for Filipino seafarers onboard ships transiting the said area; WHEREAS, the International Bargaining Forum (IBF) issued the guidelines defining the limits of the high risk areas and the benefits due to seafarers;WHEREAS, Governing Board Resolution Nos. 03, 05 and 06 Series of 2009 and No. 11, Series of 2011, No. 12 and No. 13, Series of 2012 were subsequently adopted to govern the application of the said guidelines with respect to high risk are passage and premium pay;WHEREAS, a new agreement was reached on 05 June 2014 between the social partners comprising the International Bargaining Forum amending the terms of the High Risk Area Agreement;WHEREAS, the new agreement takes into account the decreased likelihood of piracy attack in the Gulf of Aden due to the implementation of the Best Management Practices, Series 4, prepared by international shipping organizations and the increased presence of military...