for the unexpired portion of his employment contract or three (3) months’ salary for every year of the unexpired term, whichever is less, comes into play only             when the employment contract concerned has a term of at least one (1) year or more.  This is evident from the words “for every year of the unexpired term” which follows the words “salaries x x x for three months.”  To follow petitioners’ thinking that private respondent is entitled to three (3) months salary only simply because it is the lesser amount is to completely disregard and overlook some words used in the statute while giving effect to some.  This is contrary to the well-established rule in legal hermeneutics that in interpreting a statute, care should be taken that every part or word thereof be given effect since the law-making body is presumed to know the meaning of the words employed in the statute and to have           used them advisedly.  Ut  res magisvaleat quam pereat.             Furthermore, in the case of Phil. Employ Services and Resources, Inc. v. Paramio,[46] citing the case of Skippers Pacific, Inc. v. Skippers Maritime Service, Ltd.,[47] this Court ruled that an overseas Filipino worker who is illegally terminated should be entitled to his salary equivalent to the unexpired portion of his employment contract if such contract is less than one year.              Having said that, we apply the foregoing principles to the present case.  Since the contract period of the respondents is less than one year, more particularly, nine months plus or minus one month by mutual consent; and they were illegally dismissed, then they are entitled to their salaries equivalent to the unexpired portion of their contract, and not just to three months salary.             With respect to the petitioner Skippers United Pacific, Inc.’s claim that it be exempted from liability because it is no longer the manning agency responsible to the respondents since Sea Power Shipping Enterprises, Inc. and Evic Human Resources Management, Inc. had executed Affidavits of Assumption of Responsibility, this Court will not sustain such a claim.  In Section 1 of Rule II of the POEA Rules and Regulations, it states that:           Section 1.  Requirements for Issuance of License.  – Every applicant for license to operate a private employment agency or manning agency shall submit a    written application together with the following requirements:                         x x x                           f. A verified undertaking stating that the applicant: