Amendment to the Federal Ship Financing Program Regulations; Financial Requirements
other · US Department of Transportation · Published 2023-12-14 · Effective 2024-01-16 · 88 FR 86608
Document
Document number
2023-27441
Federal Register citation
88 FR 86608
CFR reference
46 CFR 298
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Transportation
Publication date
2023-12-14
Effective date
2024-01-16
DOT docket
Docket Number MARAD-2023-0086
Abstract
This document serves to inform interested parties and the public that the Maritime Administration (MARAD) is amending its regulations implementing the Federal Ship Financing Program's (Title XI Program) financial requirements. This action is necessary to implement statutory changes and update the existing financial requirements imposed on Title XI Program obligors to align with more up-to-date vessel financing and federal credit best practices.