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U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation

700

Legacy ID
1091
Show Effective Date
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Significant Regulatory Guidance
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Small Shipyard Grants

Small shipyards are a critical component of U.S. maritime operations and economic security, employing more than 100,000 Americans, fostering communities along and near our nation's ports and waterways, and contributing tens of billions in gross domestic product.

The Maritime Administration...

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...

Credit Subsidy Availability & History

MARAD is limited in the amount of new loans it may approve by the “credit subsidy” appropriated by Congress.  This appropriation does not expire at the end of a fiscal year but remains available until it is expended by the program.  This credit subsidy is expended by MARAD for an...

MARAD Closing Documents

Consolidated Agreement and Annex A - Specific Terms and Introduction Annex B - Definitions Annex C - General Terms and Conditions Annex D - Disclosure Schedule Annex E - Administrator's Note Annex F - Mortgage Annex G - Assignment of Construction Contract Annex H-1 - Consent...

Financing and Debt Overview

Eligibility Requirements Loan Obligation Amount Amortization and Interest Rate Sources of Fund for Loan Obligations Refinancing Program Fees Eligibility Requirements

MARAD will consider approval of all TItle XI loans which meet the following criteria:

Be an...

Project Requirements

Economic Soundness Financial Requirements Technical Acceptance Legal and Regulatory Compliance Insurance Requirements Economic Soundness

Economic soundness of the applicant and/or guarantor is a primary consideration for approval of a proposed project and is critical for...

Federal Ship Financing Program (Title XI)

The Federal Ship Financing Program (commonly referred to as "Title XI" based on the part of the Merchant Marine Act of 1936 that established the program) provides long-term loans by the Maritime Administration (MARAD) to promote the growth and modernization of the U.S. Merchant Marine and U.S....