46 U.S. Code § 57514 - Qualifications of bidders

(a) Considerations.— In deciding whether to award a charter to a bidder, the Secretary of Transportation shall consider—
(1) the bidder’s financial resources, credit standing, and practical experience in operating vessels; and
(2) other factors a prudent business person would consider in entering into a transaction involving a large capital investment.
(b) Disqualifications.— The Secretary may not charter a vessel to a person appearing to lack sufficient capital, credit, and experience to operate the vessel successfully over the period covered by the charter.


(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)
46 App.:1203.
June 29, 1936, ch. 858, title VII, § 713, 49 Stat. 2010; Pub. L. 97–31, § 12(115), Aug. 6, 1981, 95 Stat. 164.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

46 USCDescription of ChangeSession YearPublic LawStatutes at Large


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