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46 U.S.C. § 58103 - U.S. Code - Unannotated Title 46. Shipping § 58103. Employing another person as managing or operating agent

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Prohibition.--Except with the written consent of the Secretary of Transportation, a contractor holding a contract under the operating-differential subsidy program or under chapter 575 of this title may not--

(1) employ another person as the managing or operating agent of the operator; or

(2) charter a vessel, on which an operating-differential subsidy is to be paid, for operation by another person.

(b) Applicability of provisions to charterer.--If a charter prohibited by this section is made, the person operating the chartered vessel is subject to all the provisions of this subtitle and the operating-differential subsidy program, including limitations of profits and salaries.

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Cite this article: FindLaw.com - 46 U.S.C. § 58103 - U.S. Code - Unannotated Title 46. Shipping § 58103. Employing another person as managing or operating agent - last updated January 01, 2024 | https://codes.findlaw.com/us/title-46-shipping/46-usc-sect-58103/

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