2016 US Code
Title 46 - Shipping
Subtitle V - Merchant Marine
Part F - Government-Owned Merchant Vessels
Chapter 575 - Construction, Charter, and Sale of Vessels
Subchapter II - Charters
Sec. 57518 - Performance bond

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Citation 46 U.S.C. § 57518 (2016)
Section Name §57518. Performance bond
Section Text

The Secretary of Transportation shall require a charterer of a vessel of the Secretary to deposit with the Secretary an undertaking, with approved sureties, in such amount as the Secretary may require as security for the faithful performance of the terms of the charter, including indemnity against liens on the chartered vessel.

Source Credit

(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1667.)

Editorial Notes
Historical and Revision Notes


Source (U.S. Code)Source (Statutes at Large)
57518 46 App.:1200. June 29, 1936, ch. 858, title VII, §710, 49 Stat. 2010; Pub. L. 97–31, §12(112), Aug. 6, 1981, 95 Stat. 163.
Publication Title United States Code, 2012 Edition, Supplement 4, Title 46 - SHIPPING
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 46 - SHIPPING
Subtitle V - Merchant Marine
Part F - Government-Owned Merchant Vessels
Sec. 57518 - Performance bond
Contains section 57518
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law Yes
Disposition standard
Statutes at Large References 49 Stat. 2010
95 Stat. 163
120 Stat. 1667
Public Law References Public Law 97-31, Public Law 109-304
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