Page:United States Statutes at Large Volume 95.djvu/778

 95 STAT. 752

46 USC 1248.

46 USC 1273 and note. Limitation.

46 USC 1279c.

"Independent ocean freight forwarder."

46 USC 841b.

"Independent ocean freight forwarder." 46 USC 801 and note.

PUBLIC LAW 97-35—AUG. 13, 1981 upon receipt or delivery of cargo at Great Lakes-Saint Lawrence Seaway ports under through intermodal bills of lading. SEC. 1605. The Merchant Marine Act, 1936 is amended by adding a new section 909 to read as follows: "SEC. 909. No vessel may receive construction differential subsidy or operating differential subsidy if it is not offered for enrollment in a sealift readiness program approved by the Secretary of Defense.". SEC. 1606. (a) Section 203(b) of Public Law 96-320 (94 Stat. 994) is repealed. (b) Section 1103(f) of the Merchant Marine Act, 1936, as amended (46 U.S.C. 1273), is amended to read as follows: "(f) The aggregate unpaid principal amount of the obligations guaranteed under this section and outstanding at any one time shall not exceed $12,000,000,000, of which $1,650,000,000 shall be limited to obligations pertaining to commerical demonstration ocean thermal energy conversion facilities or plantships guaranteed under section 1110 of this title, and of which $850,000,000 shall be limited to obligations pertaining to guarantees of obligations for fishing vessels and fishery facilities made under this title." (c) Section 1104(d) of the Merchant Marine Act, 1936, as amended (46 U.S.C. 1274(d)), as amended— (1) in paragraph (1), by striking "Except as provided in paragraph (2), no an inserting in lieu thereof No"; (2) by striking paragraph (2); and (3) by redesignating paragraph (3) as paragraph (2). (d) Section 1104(g) of the Merchant Marine Act, 1936, as amended (46 U.S.C. 1274(g)) is amended— (1) by striking "(1)" immediately after "(g)"; and (2) by striking paragraph (2). (e) The first sentence of section 1105(d) of the Merchant Marine Act, as amended (46 U.S.C. 1275(d)), is amended by striking ", and shall be paid from the appropriate subfund required to be established under section 1104(g)(2)'^. (f) The last sentence of section 1110(c) of the Merchant Marine Act, 1936, as amended (46 U.S.C. 1279(c)), is amended by striking "$2,000,000,000" and inserting in lieu thereof "$1,650,000,000". SEC. 1607. Section 1303(h)(2)(D) of the Merchant Marine Act, 1936 (46 U.S.C. 1295b(h)(2)(D)), is amended by striking "1 Member" and inserting in lieu thereof "2 Members". SEC. 1608. (a) Section 1 of the Shipping Act, 1916 (39 Stat. 728), as amended (46 U.S.C. 801), is amended by striking at the end thereof the paragraph defining an independent ocean freight forwarder and inserting in lieu thereof the following: "The term 'independent ocean freight forwarder' means a person that is carrying on the business of forwarding for a consideration who is not a shipper, consignee, seller, or purchaser of shipments to foreign countries.'. (b) Section 44 of the Shipping Act, 1916 (75 Stat. 552; 46 U.S.C. 841(b)), is amended by adding at the end thereof the following new subsection: "(f) A forwarder may not receive compensation from a common carrier with respect to any shipment in which the forwarder has a beneficial interest or with respect to any shipment in which any holding company, subsidiary, affiliate, officer, director, agent, or executive of such forwarder has a beneficial interest.". (c) This section shall remain in effect until December 31, 1983, after which time the definition in section 1, Shipping Act, 1916, of 'independent ocean freight forwarder' shall read: An 'independent ocean freight forwarder' is a person carrying on the business of forwarding

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