Owners of vessels covered in § 289.2 will not be required to arrange commercial insurance to cover the interest of the United States, exclusive of its mortgage interest, but the United States reserves the right to require, whenever the contracts so provide, that this be done at some future date, should it deem it necessary.
source: General Order 67 Rev., 18 FR 230, Jan. 10, 1953, unless otherwise noted.
cite as: 46 CFR 289.4