[Code of Federal Regulations]

[Title 46, Volume 8]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 46CFR326.1]



[Page 277-278]

 

                           TITLE 46--SHIPPING

 

    CHAPTER II--MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION

 

PART 326_MARINE PROTECTION AND INDEMNITY INSURANCE UNDER AGREEMENTS 

WITH AGENTS--Table of Contents

 

Sec.  326.1  Purpose.









Sec.  

326.1 Purpose.

326.2 Insurer.

326.3 Insured.

326.4 Reports of accidents and occurrences.

326.5 Report of claims.

326.6 Settlement of claims.

326.7 Litigation.



    Authority: 50 U.S.C. App. 1744; 46 U.S.C. 121a; 1114(b); 49 CFR 

1.66.



    Source: 53 FR 37572, Sept. 27, 1988, unless otherwise noted.





    This part states that the Maritime Administration (MARAD) shall be 

responsible for providing or obtaining marine protection and indemnity 

(P&I) insurance for any vessel that has been placed in the National 

Defense Reserve



[[Page 278]]



Fleet (NDRF), which includes the Ready Reserve Force component, which 

vessel is assigned under a General Agency Agreement. These various forms 

of Agreements are entered into by the United States, acting by and 

through the National Shipping Authority, MARAD, and a private company 

(Agent). An agreement also contains procedures for the Agent to report 

accidents and occurrences of a P&I nature to MARAD and to report and 

settle P&I claims.