# Amendment to the Federal Ship Financing Program Regulations; Financial Requirements
> **US Department of Transportation** · Final rule. · Published 2023-12-14 · Effective 2024-01-16 · 88 FR 86608
## Document
- **Document number:** 2023-27441
- **Category:** other
- **Sub-agency:** US Department of Transportation
- **Federal Register citation:** 88 FR 86608
- **CFR reference:** 46 CFR 298
- **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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2023/12/14/2023-27441/amendment-to-the-federal-ship-financing-program-regulations-financial-requirements)
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