46 USC 57518: Performance bond
Text contains those laws in effect on August 17, 2024
From Title 46-SHIPPINGSubtitle V-Merchant MarinePart F-Government-Owned Merchant VesselsCHAPTER 575-CONSTRUCTION, CHARTER, AND SALE OF VESSELSSUBCHAPTER II-CHARTERS
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§57518. Performance bond
The Secretary of Transportation shall require a charterer of a vessel of the Secretary to deposit with the Secretary an undertaking, with approved sureties, in such amount as the Secretary may require as security for the faithful performance of the terms of the charter, including indemnity against liens on the chartered vessel.
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Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
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57518 | 46 App.:1200. | June 29, 1936, ch. 858, title VII, §710, |