46 U.S.C. § 57515 — Awarding of charters
submitted 20 years ago by Pub. L. 109-304 to r/title-46-SHIPPING · 135 words · no verdicts yet
The Secretary of Transportation must award a vessel charter to whoever bids the highest monthly payment. The Secretary may still reject any bid as too low, or if the bidder is not qualified. If the top bid is rejected, the Secretary can pick the next bidder or reject everyone.
(a) In General. The Secretary of Transportation must award the charter to the bidder who offers to pay the highest monthly charter hire. But the Secretary may reject the highest bid, or any other bid, if the Secretary thinks the offered payment is too low or decides the bidder does not meet the qualifications required by section 57514 of this title.
(b) Highest Bid Rejected. If the Secretary rejects the highest bid, the Secretary may: (1) award the charter to the next-highest bidder; or (2) reject all bids and either readvertise the line or run it directly until conditions look better for offering it again.
(c) Reason for Rejection. If a bidder asks, the Secretary must give the reason for rejection in writing.
The Secretary of Transportation shall award the charter to the bidder proposing to pay the highest monthly charter hire. However, the Secretary may reject the highest or most advantageous or any other bid if the Secretary considers the charter hire offered too low or determines that the bidder lacks the qualifications required by section 57514 of this title.
If the Secretary rejects the highest bid, the Secretary may—
award the charter to the next highest bidder; or
reject all bids and either readvertise the line or operate the line until conditions appear more favorable to reoffer the line for private charter.
On request of a bidder, the reason for rejection shall be stated in writing to the bidder.
Source credit: (Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1667.)
- 2006Enacted · Pub. L. 109-304 · 120 Stat. 1667
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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