The Land Transportation Franchising and Regulatory Board (LTFRB) has issued a resolution implementing a policy regarding the “Non-Confirmation Year” (NCY) provisions in decisions approving applications for truck-for-hire (TH) services.
Under the NCY policy, trucks that are 26 years old will only be allowed confirmation of franchise for a year, 21-25 years old for 2 years validity, 16-20 years for 3 years, 11-15 years for 4 years and 10 years or less for 5 years.
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