Maritime Academy Grads – Service Obligation

The U.S. Maritime Administration (MARAD) issued an interim rule changing the service obligation reporting requirements for graduates of the U.S. Merchant Marine Academy and graduates of state maritime academies who receive Student Incentive Payments (SIP). Such graduates must now file a report on March 31 following graduation and for six consecutive years thereafter. Comments on the interim rule should be submitted by April 1, 2004. 69 Fed. Reg. 9758 (HK Law).