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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

MARAD

Legacy ID
281
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Leadership

Deputy Associate Administrator and National Coordinator for Maritime Education and Training, Ph.D., Master Mariner Deputy Associate Administrator for Federal Sealift

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...

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...