Sec. 3516. Prohibition on participation of long term charters in Tanker Security Fleet
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/bill/117/hr/4350/rh/section-3516A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 53401 of title 46, United States Code, is amended by adding at the end the following new paragraph: The term long term charter means any time charter of a product tank vessel to the United States Government that together with options is for more than 180 days. . Section 53404(b) of such title is amended— by striking The program participant of a and inserting Any ; by inserting long term before charter ; by inserting not before eligible ; and by striking receive payments pursuant to any operating agreement that covers such vessel and inserting participate in the Fleet .