Evidence of financial responsibility.

  1. Law
  2. CFR 46
  3. Shipping
  4. Federal Maritime Commission
  5. Regulations Affecting Ocean Shipping in Foreign Commerce
  6. Passenger Vessel Financial Responsibility
  7. Proof of Financial Responsibility, Bonding and Certification of Financial Responsibility for Indemnification of Passengers for Nonperformance of Transportation
  8. Evidence of financial responsibility.

Checkout our iOS App for a better way to browser and research.

§ 540.7 Evidence of financial responsibility.

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.

[78 FR 13278, Feb. 27, 2013]


Download our app to see the most-to-date content.