Sec. 3515. PROHIBITION ON PARTICIPATION OF LONG TERM CHARTERS IN TANKER SECURITY FLEET

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## SEC. 3515 PROHIBITION ON PARTICIPATION OF LONG TERM CHARTERS IN TANKER SECURITY FLEET ###

(a)Definition of Long Term Charter Section 53401 of title 46, United States Code, is amended by adding at the end the following new paragraph: > > #### “(8) Long term charter > > The term ‘long term charter’ means any time charter of a product tank vessel to the United States Government that, together with options, occurs for a continuous period of more than 180 days.” > . ###

(b)Participation of Long Term Charters in Tanker Security Fleet Section 53404(b) of such title is amended— ####

(1)by striking “The program participant of a” and inserting “Any”; ####

(2)by inserting “long term” before “charter”; ####

(3)by inserting “not” before “eligible”; and ####

(4)by striking “receive payments pursuant to any operating agreement that covers such vessel” and inserting “participate in the Fleet”.