46 U.S.C. § 57518 — Performance bond
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. 57518 - Performance bond From the U.S. Government Publishing Office, www.gpo.gov
§57518. Performance bond
The Secretary of Transportation shall require a charterer of a vessel of the Secretary to deposit with the Secretary an undertaking, with approved sureties, in such amount as the Secretary may require as security for the faithful performance of the terms of the charter, including indemnity against liens on the chartered vessel.
(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1667.)
Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)
57518 46 App.:1200. June 29, 1936, ch. 858, title VII, §710, 49 Stat. 2010; Pub. L. 97–31, §12(112), Aug. 6, 1981, 95 Stat. 163.