Page:United States Statutes at Large Volume 120.djvu/1695

 120 STAT. 1664

PUBLIC LAW 109–304—OCT. 6, 2006

‘‘§ 57308. Use of vessels at least 25 years old ‘‘An obsolete vessel acquired under this chapter that is or becomes at least 25 years old may not be used for commercial operation. However, the vessel may be used— ‘‘(1) during a period in which vessels may be requisitioned under chapter 563 of this title; or ‘‘(2) except as otherwise provided in this subtitle, on trade routes serving only the foreign trade of the United States. ‘‘CHAPTER 575—CONSTRUCTION, CHARTER, AND SALE OF VESSELS ‘‘SUBCHAPTER I—GENERAL ‘‘Sec. ‘‘57501. ‘‘57502. ‘‘57503. ‘‘57504. ‘‘57505. ‘‘57506.

Completion of long-range program. Construction, reconditioning, and remodeling of vessels. Competitive bidding. Charter or sale of vessels acquired by Department of Transportation. Employment of vessels on foreign trade routes. Minimum selling price of vessels.

‘‘57511. ‘‘57512. ‘‘57513. ‘‘57514. ‘‘57515. ‘‘57516. ‘‘57517. ‘‘57518. ‘‘57519. ‘‘57520. ‘‘57521.

‘‘SUBCHAPTER II—CHARTERS Demise charters. Competitive bidding. Minimum bid. Qualifications of bidders. Awarding of charters. Operating-differential subsidies. Recovery of excess profits. Performance bond. Insurance. Vessel maintenance. Termination of charter during national emergency.

‘‘57531. ‘‘57532.

‘‘SUBCHAPTER III—MISCELLANEOUS Construction and charter of vessels for unsuccessful routes. Operation of experimental vessels.

‘‘SUBCHAPTER I—GENERAL ‘‘§ 57501. Completion of long-range program ‘‘Whenever the Secretary of Transportation determines that the objectives and policies declared in sections 50101 and 50102 of this title cannot be fully realized within a reasonable time under titles V and VI of the Merchant Marine Act, 1936, and the President approves the determination, the Secretary, in accordance with this chapter, shall complete the long-range program described in section 50102 of this title. ‘‘§ 57502. Construction, reconditioning, and remodeling of vessels ‘‘(a) IN GENERAL.—The Secretary of Transportation may have new vessels constructed, and have old vessels reconditioned or remodeled, as the Secretary determines necessary to carry out the objectives of this subtitle. ‘‘(b) PLACE OF WORK.—Construction, reconditioning, and remodeling of vessels under subsection (a) shall take place in shipyards in the continental United States (including Alaska and Hawaii). However, if satisfactory contracts cannot be obtained from private shipbuilders, the Secretary may have the work done in navy yards. ‘‘(c) APPLICABILITY OF CONSTRUCTION-DIFFERENTIAL SUBSIDY PROVISIONS.—Contracts for the construction, reconstruction, or

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