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§ 57518. Performance bond

Type Statute
Publication 2024-07-31
State In force
Department United States Congress
Source OLRC
Reform history JSON API
§ 57518. Performance bond

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.)

Historical and Revision Notes
RevisedSection Source (U.S. Code) Source (Statutes at Large)
57518 46 App.:1200. June 29, 1936, ch. 858, title VII, § 710, 49 Stat. 2010; Pub. L. 97–31, § 12(112), Aug. 6, 1981, 95 Stat. 163.

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