Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 46 - Shipping |
Chapter IV - Federal Maritime Commission |
SubChapter B - Regulations Affecting Ocean Shipping in Foreign Commerce |
Part 540 - Passenger Vessel Financial Responsibility |
Subpart B - Proof of Financial Responsibility, Bonding and Certification of Financial Responsibility To Meet Liability Incurred for Death or Injury to Passengers or Other Persons on Voyages |
§ 540.25 - Evidence of financial responsibility.
Latest version.
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§ 540.25 Evidence of financial responsibility.
Where satisfactory proof of financial responsibility has been established, a Certificate (Casualty) covering specified vessels shall be issued evidencing the Commission's finding of adequate financial responsibility to meet any liability which may be incurred for death or injury to passengers or other persons on voyages. The period covered by the certificate shall be indeterminate unless a termination date has been specified therein.