46 U.S. Code § 57514 - Qualifications of bidders
Qualifications of bidders
(a)Considerations.—In deciding whether to award a charter to a bidder, the Secretary of Transportation shall consider—
the bidder’s financial resources, credit standing, and practical experience in operating vessels; and
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.