46-U.S.C.-57514
§57514 – Qualifications of Bidders
Pathway
Title 46 > Subtitle V > Part F > Chapter 575 > Subchapter II > Section 57514
Details
- Reference: Section 57514
- Legend: §57514 – Qualifications of Bidders
- USCode Year: 2013
Provision Content
(a) Considerations.—In deciding whether to award a charter to a bidder, the Secretary of Transportation shall consider—
(1) the bidders 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.)
| Revised Section |
Source (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. |
U.S. Encyclopedia of Law Coverage
Chapter 573 – Vessel Trade-In Program in the Legal Encyclopedia: Shipping
In this entry about Chapter 573 – Vessel Trade-In Program, find legal reference material, bibliographies and premiere content related to shipping in the American Encyclopedia of Law, presenting a comprehensive view of the United States shipping-specific issues, written by authorities in the field.
46-U.S.C.-57308 in the Legal Encyclopedia: Merchant Marine
In this entry about 46-U.S.C.-57308, find legal reference material, bibliographies and premiere content related to merchant marine in the American Encyclopedia of Law, presenting a comprehensive view of the United States merchant marine-specific issues, written by authorities in the field.
46-U.S.C.-57305 in the Legal Encyclopedia: Government Owned Merchant Vessels
In this entry about 46-U.S.C.-57305, find legal reference material, bibliographies and premiere content related to government owned merchant vessels in the American Encyclopedia of Law, presenting a comprehensive view of the United States government owned merchant vessels-specific issues, written by authorities in the field.
Leave a Reply