Federal regulations · Through 2026-08-25 · Newer source version available

46 CFR 540.7: Evidence of financial responsibility.

Where this section sits in the code

Title 46—Shipping
CHAPTER IV—FEDERAL MARITIME COMMISSION
SUBCHAPTER B—REGULATIONS AFFECTING OCEAN SHIPPING IN FOREIGN COMMERCE
PART 540—PASSENGER VESSEL FINANCIAL RESPONSIBILITY
Subpart A—Proof of Financial Responsibility, Bonding and Certification of Financial Responsibility for Indemnification of Passengers for Nonperformance of Transportation

Where satisfactory proof of financial responsibility has been established:

(a) A Certificate (Performance) covering specified vessels shall be issued evidencing the Commission's finding of adequate financial responsibility to indemnify passengers for nonperformance of water transportation.

(b) The period covered by the Certificate (Performance) shall be five (5) years, unless another termination date has been specified thereon.

Collected 2026-08-27T02:26:22Z. Source file · JSON

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