{"data":{"id":"us/46-u.s.c.-57514","jurisdiction":"us","citation":"46 U.S.C. § 57514","heading":"Qualifications of bidders","body":"(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.","path":["Title 46—SHIPPING","CHAPTER 575—CONSTRUCTION, CHARTER, AND SALE OF VESSELS"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc46@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T06:00:50Z","sha256":"e4e80df8a23ab4a01b1be2e73a07f0975ade318b6edb970a8960b54588c697f3","source_id":"us","stale":false,"prev":"us/46-u.s.c.-57513","next":"us/46-u.s.c.-57515"},"notice":"GroundRules: Original legal text. Not legal advice."}