Program Requirements
Financial Requirements
- Minimum of 12.5% equity funded or committed prior to Maritime Administration approval
- Positive working capital
- Long-term debt to equity ratio of 2:1 or less
- Maintain net worth
Economic Soundness
Technical Acceptance
Legal and Regulatory compliance
Insurance Requirements
Vessels or technology financed by Title XI must maintain adequate insurance during the entire term of the financing. Insurance must be provided by an approved underwriter.
Click for a list of approved domestic and foreign underwriters.
