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Grants & Finances

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Capital Construction Fund

Operators of American-flag vessels are faced with a competitive disadvantage in the construction and replacement of their vessels relative to foreign-flag operators whose vessels are registered in countries that do not tax shipping income. The Capital Construction Fund (CCF) program was...

Construction Reserve Fund

The Construction Reserve Fund Program (CRF), authorized by 46 U.S.C. Chapter 533 (formerly, sec. 607, Merchant Marine Act, 1936, as amended), is a financial assistance program that provides tax deferral benefits to U.S.-flag operators and owners. Eligible parties can defer the gain attributable...