ULFCUniform Law on the Formation of Contracts for the International Sale of Goods (UN convention)
ULFCUpper Leacock Fire Company (Pennsylvania)
ULFCUniversal Love for Children (Netherlands)
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Under the loan facility, ULFC will finance up to a maximum of 90 percent of the cost of a brand-new vehicle, which covers vans, mini-buses, coasters, coaches, and buses from accredited auto dealers.
In explaining how the ULFC came up with the design of the facility, ULFC said school service operators who could not comply with the new regulation were at risk of losing their franchise that took them months, or even years, to obtain.
One of the priorities of ULFC is to support small and medium enterprises including service operators who need fast and secure access to funds to ensure their businesses continue to thrive while meeting government's requirements and, at the same time, make it safer for the precious passengers,' ULFC president Franco Magalong said.