MARAD will inform the owner of each vessel that is subsidized or covered by vessel obligation guarantees, prior to initial placement and at least annually thereafter, of the minimum amount of insurance required to be placed on the vessel.
authority: Sec. 204(b), 1109, Merchant Marine Act, 1936, as amended (46 App. U.S.C. 1114(b), 1279b);
49 CFR 1.66
source: 53 FR 23119, June 20, 1988, unless otherwise noted.
cite as: 46 CFR 249.3