[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.