46 U.S.C. § 57513 — Minimum bid
submitted 20 years ago by Pub. L. 109-304 to r/title-46-SHIPPING · 53 words · no verdicts yet
The Secretary must reject a charter bid for a government-built vessel if its payment is too low. The bid must at least match the minimum charter hire required under section 57531.
The Secretary of Transportation must reject any bid to charter a vessel* built under this subtitle or the Merchant Marine Act, 1936, if the charter hire offered is lower than the minimum charter hire that section 57531 of this title would require if the vessel were chartered under that section instead.
The Secretary of Transportation shall reject any bid for the charter under this subchapter of a vessel* constructed under this subtitle or the Merchant Marine Act, 1936, if the charter hire offered is lower than the minimum charter hire would be if the vessel were chartered under section 57531 of this title.
Source credit: (Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1666.)
- 2006Enacted · Pub. L. 109-304 · 120 Stat. 1666
A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-304 on 2006-10-06.
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