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