46 USC 57511: Demise charters

46 USC 57511: Demise charters Text contains those laws in effect on November 22, 2024

From Title 46-SHIPPINGSubtitle V-Merchant MarinePart F-Government-Owned Merchant VesselsCHAPTER 575-CONSTRUCTION, CHARTER, AND SALE OF VESSELSSUBCHAPTER II-CHARTERS

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§57511. Demise charters

A charter by the Secretary of Transportation under this chapter shall demise the vessel to the charterer subject to all usual conditions contained in a bareboat charter. The charter shall be for a term the Secretary considers to be in the best interest of the United States Government and the merchant marine.

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

Historical and Revision Notes
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
57511	46 App.:1201.	June 29, 1936, ch. 858, title VII, §711, 49 Stat. 2010 ; Pub. L. 97–31, §12(113), Aug. 6, 1981, 95 Stat. 163 .

The words "for a term the Secretary considers to be" are substituted for "until January 1, 1940, shall be for terms of three years or less as the Secretary of Transportation may decide: Provided, That after January 1, 1940, charters may be executed by the Secretary of Transportation for such terms as the experience gained by the Secretary of Transportation shall indicate are" to eliminate unnecessary and obsolete words.