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| 20.803 MARITIME WAR RISK INSURANCE |
| (Title XII, MMA, 1936) |
| FEDERAL AGENCY |
| MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION |
| AUTHORIZATION |
| Merchant Marine Act of 1936, Title XII, as amended, Public Law 81-763, 46 U.S.C. 1281-1294; Public Law 104-106. |
| OBJECTIVES |
| To provide war risk insurance whenever it appears to the Secretary of Transportation that adequate insurance for waterborne commerce cannot be obtained on reasonable terms and conditions from licensed insurance companies in the United States. |
| TYPES OF ASSISTANCE |
| Insurance. |
| USES AND USE RESTRICTIONS |
| Insurance binders or policies on certain vessels in operation or under construction are provided for nominal cost in peacetime. |
| Applicant Eligibility |
| All U.S. flag vessels, and certain foreign flag vessels meeting specific criteria as determined by the Maritime Administrator. |
| Beneficiary Eligibility |
| Vessel owners, their crews, and certain designated beneficiaries of deceased crew members. |
| Credentials/Documentation |
| Applications, vessel data, unqualified contract of commitment, and other supporting data as required by 46 CFR Part 308. |
| Preapplication Coordination |
| None. This program is excluded from coverage under E.O. 12372. |
| Application Procedure |
| Complete and proper filing of applications, supporting documents, and payment of appropriate binding fees or promises as specified in 46 CFR Part 308. |
| Award Procedure |
| Binders issued only to those applicants that qualify. |
| Deadlines |
| None. |
| Range of Approval/Disapproval Time |
| From 5 to 15 working days. |
| Appeals |
| Not applicable. |
| Renewals |
| This program has been extended until December 31, 2010. |
| Formula and Matching Requirements |
| Not applicable. |
| Length and Time Phasing of Assistance |
| Indeterminate; depends on war situation and posture of the country. |
| Reports |
| Not applicable in peacetime. |
| Audits |
| Not applicable in peacetime. |
| Records |
| Not applicable in peacetime. |
| Account Identification |
| 69-4302-0-3-403. |
| Obligations |
| Obligations (Contractual fees and underwriting agents' fees) FY 07 $50,000; FY 08 $60,000; and FY 09 est. $0. |
| Range and Average of Financial Assistance |
| Applicable only in designated combat areas, subject to terms of the binder. |
| PROGRAM ACCOMPLISHMENTS |
| As of March 1, 2008, 299 war risk binders have been issued to U.S. citizen-owned and foreign-flag registry and their crews. Insurance effected under these binders cannot be obtained commercially during wartime. |
| REGULATIONS, GUIDELINES, AND LITERATURE |
| Rules and Regulations are set forth under 46 CFR 308 (as published under authority of Public Law 101-115) and 309 as amended from time to time in the Federal Register. |
| Regional or Local Office |
| American War Risk Agency, 30 Broad Street 7th floor, New York, NY 10004 Telephone: (212) 405-2814. |
| Headquarters Office |
| Director, Office of Insurance and Shipping Analysis, Maritime Administration, Department of Transportation, 1200 New Jersey Avenue, S.E., Washington, DC 20590. Telephone: (202) 366-2400. |
| Web Site Address |
| http://www.marad.dot.gov |
| RELATED PROGRAMS |
| None. |
| EXAMPLES OF FUNDED PROJECTS |
| Not applicable. |
| CRITERIA FOR SELECTING PROPOSALS |
| Not applicable. |
|
General Services Administration Office of Chief Acquisition Officer Regulatory and Federal Assistance Division (VIR) |
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