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Code · U.S. Code · Title 46 - SHIPPING · CHAPTER 575— CONSTRUCTION, CHARTER, AND SALE OF VESSELS · SUBCHAPTER II— CHARTERS · § 57518

§ 57518. Performance bond

63 words·~1 min read·/usc/title-46/section-57518

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Secretary of Transportation shall require a charterer of a vessel of the Secretary to deposit with the Secretary an undertaking, with approved sureties, in such amount as the Secretary may require as security for the faithful performance of the terms of the charter, including indemnity against liens on the chartered vessel.
(Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1667.)
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  • Pub. L. 109–304, § 8(c)
  • 120 Stat. 1667
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§ 57518
Performance bond
Pub. L.Pub. L. 109–304, § 8(c)
Stat.120 Stat. 1667
Cites 2Cited by 0 across 0 sources
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