Marine Link
Wednesday, May 24, 2017

Provisions of the Energy Independence and Security Act of 2007 Implemented

September 30, 2008

The Maritime Administration (MarAd) issued a final rule implementing provisions of the Energy Independence and Security Act of 2007 and amending the definition of Agreement Vessel under the Capital Construction Fund.  Among other things, amendment incorporates into the term Agreement Vessel those US vessels engaged in the Short Sea Transportation Trade, as defined by the Act.  The changes come into effect immediately.

Source: HK Law

Maritime Reporter Magazine Cover May 2017 - The Marine Propulsion Edition

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