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CFR › Title 46 › Chapter IV › Subchapter B › Part 540 › Subpart A › Section 540.6

46 CFR 540.6 - Surety bonds.

There is 1 rule appearing in the Federal Register for 46 CFR 540. Select the tab below to view, or View eCFR (GPOAccess)
§ 540.6
Surety bonds.
(a) Where financial responsibility is not established under § 540.5, a surety bond shall be filed on Form FMC-132A. Such surety bond shall be issued by a bonding company authorized to do business in the United States and acceptable to the Commission for indemnification of passengers in the event of nonperformance of water transportation. The requirements of Form FMC-132A, however, may be amended by the Commission in a particular case for good cause.
(b) In the case of a surety bond which is to cover all passenger operations of the applicant subject to these rules, such bond shall be in an amount calculated as in the introductory text of § 540.5.
(c) In the case of a surety bond which is to cover an individual voyage, such bond shall be in an amount determined by the Commission to equal the gross passenger revenue for that voyage.
(d) The liability of the surety under the rules of this subpart to any passenger shall not exceed the amount paid by any such passenger, except that, no such bond shall be terminated while a voyage is in progress.
[49 FR 36313, Sept. 14, 1984, as amended at 55 FR 1824, Jan. 19, 1990]

Title 46 published on 2012-10-01

The following are only the Rules published in the Federal Register after the published date of Title 46.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2013-02-27; vol. 78 # 39 - Wednesday, February 27, 2013
    1. 78 FR 13268 - Passenger Vessel Operator Financial Responsibility Requirements for Nonperformance of Transportation
      GPO FDSys XML | Text
      FEDERAL MARITIME COMMISSION
      Final rule.
      The Final Rule is effective: April 2, 2013.
      46 CFR Parts 501 and 540

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
USC : Title 5 - GOVERNMENT ORGANIZATION AND EMPLOYEES

§ 552 - Public information; agency rules, opinions, orders, records, and proceedings

§ 553 - Rule making

USC : Title 31 - MONEY AND FINANCE

§ 9701 - Fees and charges for Government services and things of value

USC : Title 46 - SHIPPING

§ 305 - Regulations

§ 44101 - Application

§ 44102 - Financial responsibility to indemnify passengers for nonperformance of transportation

§ 44103 - Financial responsibility to pay liability for death or injury

§ 44104 - Civil penalty

§ 44105 - Refusal of clearance

§ 44106 - Conduct of proceedings

Title 46 published on 2012-10-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 46 CFR 540 after this date.

  • 2013-02-27; vol. 78 # 39 - Wednesday, February 27, 2013
    1. 78 FR 13268 - Passenger Vessel Operator Financial Responsibility Requirements for Nonperformance of Transportation
      GPO FDSys XML | Text
      FEDERAL MARITIME COMMISSION
      Final rule.
      The Final Rule is effective: April 2, 2013.
      46 CFR Parts 501 and 540