U.S. Code
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Title 46
» Subtitle Subtitle V— Merchant Marine › Part Part F— Government-Owned Merchant Vessels › Chapter CHAPTER 575— CONSTRUCTION, CHARTER, AND SALE OF VESSELS › Subchapter SUBCHAPTER II— CHARTERS
46 U.S.C. § 57514
Qualifications of bidders
(a)Considerations.—In deciding whether to award a charter to a bidder, the Secretary of Transportation shall consider—(1) the bidder’s financial resources, credit standing, and practical experience in operating vessels; and(2) other factors a prudent business person would consider in entering into a transaction involving a large capital investment.(b)Disqualifications.—The Secretary may not charter a vessel to a person appearing to lack sufficient capital, credit, and experience to operate the vessel successfully over the period covered by the charter.(Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1666.)