FEDERAL · 46 U.S.C. · Chapter SUBCHAPTER II—CHARTERS
Awarding of charters
46 U.S.C. § 57515
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ChapterSUBCHAPTER II—CHARTERS
This text of 46 U.S.C. § 57515 (Awarding of charters) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
46 U.S.C. § 57515.
Text
(a)In General.—The Secretary of Transportation shall award the charter to the bidder proposing to pay the highest monthly charter hire. However, the Secretary may reject the highest or most advantageous or any other bid if the Secretary considers the charter hire offered too low or determines that the bidder lacks the qualifications required by section 57514 of this title.
(b)Highest Bid Rejected.—If the Secretary rejects the highest bid, the Secretary may—
(1)award the charter to the next highest bidder; or
(2)reject all bids and either readvertise the line or operate the line until conditions appear more favorable to reoffer the line for private charter.
(c)Reason for Rejection.—On request of a bidder, the reason for rejection shall be stated in writing to the bidder.
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Related
§ 57514
46 U.S.C. § 57514
Source Credit
History
(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1667.)
Editorial Notes
In subsection (a), the words "if the Secretary considers the charter hire offered too low" are substituted for "if, in the Secretary's discretion, the charter hire offered is deemed too low" to eliminate unnecessary words. The words "lacks the qualifications required by section 57514 of this title" are substituted for "lacks sufficient capital, credit, or experience to operate successfully the line" to avoid repeating the qualifications in more than one place.
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Bluebook (online)
46 U.S.C. § 57515, Counsel Stack Legal Research, https://law.counselstack.com/usc/46/57515.