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46 U.S.C. § 57514

Qualifications of bidders

Ch. 575 — CONSTRUCTION, CHARTER, AND SALE OF VESSELS
Title 46 U.S.C. ● ACTIVE Primary Source Ch. 575
Statutory Text

46 U.S.C. § 57514 — Qualifications of bidders

U.S.C. Title 46 - SHIPPING 46 U.S.C. United States Code, 2023 Edition Title 46 - SHIPPING Subtitle V - Merchant Marine Part F - Government-Owned Merchant Vessels CHAPTER 575 - CONSTRUCTION, CHARTER, AND SALE OF VESSELS SUBCHAPTER II - CHARTERS Sec. 57514 - Qualifications of bidders From the U.S. Government Publishing Office, www.gpo.gov

§57514. Qualifications of bidders

(a) Considerations.—In deciding whether to award a charter to a bidder, the Secretary of Transportation shall consider— (1) the bidder's financial resources, credit standing, and practical experience in operating vessels; and (2) other factors a prudent business person would consider in entering into a transaction involving a large capital investment.

(b) Disqualifications.—The Secretary may not charter a vessel to a person appearing to lack sufficient capital, credit, and experience to operate the vessel successfully over the period covered by the charter.

(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1666.)

Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)

57514 46 App.:1203. June 29, 1936, ch. 858, title VII, §713, 49 Stat. 2010; Pub. L. 97–31, §12(115), Aug. 6, 1981, 95 Stat. 164.

Source: uscode.house.gov — public domain Official Source ↗
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46 U.S.C. § 57514
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The statutory text of 46 U.S.C. § 57514 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 46 U.S.C. § 57513 46 U.S.C. § 57515 →
Ch. 575 — CONSTRUCTION, CHARTER, AND SALE OF VESSELS
46 U.S.C. § 5750146 U.S.C. § 5750246 U.S.C. § 5750346 U.S.C. § 5750446 U.S.C. § 5750546 U.S.C. § 5750646 U.S.C. § 5751146 U.S.C. § 5751246 U.S.C. § 5751346 U.S.C. § 5751446 U.S.C. § 5751546 U.S.C. § 5751646 U.S.C. § 5751746 U.S.C. § 5751846 U.S.C. § 5751946 U.S.C. § 5752046 U.S.C. § 5752146 U.S.C. § 5752246 U.S.C. § 5753146 U.S.C. § 5753246 U.S.C. § 57533
46 U.S.C. — public domain ← All Legislation
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