1996 POEA-SEC, which is based on POEA Memorandum Circular No. 055-96, clearly states:   Section 20. COMPENSATION AND BENEFITS   A. COMPENSATION AND BENEFITS FOR DEATH   1. In case of death of the seafarer during the term of his contract, the employer shall pay his beneficiaries the Philippine Currency equivalent to the amount of Fifty Thousand US dollars (US$50,000) and an additional amount of Seven Thousand US dollars (US$7,000) to each child under the age of twenty-one (21) but not exceeding four (4) children, at the exchange rate prevailing during the time of payment.   x x x x   4. The other liabilities of the employer when the seafarer dies as a result of injury or illness during the term of employment are as follows:   a.       The employer shall pay the deceased’s beneficiary all outstanding obligations due the seafarer under this Contract.   b.      The employer shall transport the remains and personal effects of the seafarer to the Philippines at employer’s expense except if the death occurred in a port where local government laws or regulations do not permit the transport of such remains. In case death occurs at sea, the disposition of the remains shall be handled or dealt with in accordance with the master’s best judgment. In all cases, the employer/master shall communicate with the manning agency to advise for disposition of seafarer’s remains.   c.       The employer shall pay the beneficiaries of the seafarer the Philippine currency equivalent to the amount of One Thousand US dollars (US$1,000) for burial expenses at the exchange rate prevailing during the time of payment. [Emphases supplied.]     Stated differently, for death of a seafarer to be compensable under this provision, the death must occur during the term of his contract of employment; it is the only condition for compensability. The employer is liable upon proof that the