[Federal Register Volume 61, Number 20 (Tuesday, January 30, 1996)]
[Notices]
[Page 3078]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1735]
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DEPARTMENT OF TRANSPORTATION
Maritime Administration
[Docket S-930]
Chestnut Shipping Company, Keystone Shipping Co.; Application for
Amendment of a Previous Section 804 Waiver Which Authorized Keystone
Shipping Co. To Acquire an Interest in or Charter Nine Foreign-Flag
Liquid Bulk Vessels
Chestnut Shipping Company (Chestnut) requests amendment of Docket
A-180, served by the Maritime Administrator (Administrator) on November
15, 1990, in which the Administrator with respect to Operating-
Differential Subsidy Agreement (ODSA), Contract MA/MSB-299, with
Chestnut, waived until November 11, 1996, the provisions of section
804(a) of the Merchant Marine Act, 1936, as amended (Act), so as to
permit Chestnut's affiliate, Keystone Shipping Co. (Keystone), to
acquire an interest in or charter up to nine foreign-flag liquid bulk
vessels to be operated in U.S. foreign commerce, none to exceed 200,000
DWT.
Chestnut requests amendment of the section 804 waiver as previously
granted to Chestnut in Docket A-180, in order to allow Keystone until
February 28, 1997, and any applicable extension thereto, to own,
charter, manage, act as agent or broker for, or to have an interest in
up to twenty (20) dry, liquid or combination liquid/dry bulk foreign-
flag vessels without restrictions as to the size of the vessels or
amount of cargo such vessels can load. Chestnut advises that Keystone
agrees to be bound by the conditions of earlier waivers imposed by the
Administrator which were designed to assure against the diversion of
subsidy monies.
On December 22, 1993, the Maritime Administration authorized
separate ODSAs for the two original vessels of Chestnut, as follows:
(1) MA/MSB-299(a) on the CHESTNUT HILL, to expire November 30,
1996, and
(2) MA/MSB-299(b) on the KITTANNING, to expire February 28, 1997.
Under either of these ODSAs, Chestnut is authorized to operate the
CORONADO, CHERRY VALLEY, CHELSEA, CHILBAR or FREDERICKSBURG, provided
that the annual amount of operating-differential subsidy (ODS) accrued
under each ODSA can not exceed the amount of ODS that would accrue for
one-ship year of operation of the vessel named in the ODSA.
This application may be inspected in the Office of the Secretary,
Maritime Administration. Any person, firm or corporation having any
interest in such request within the meaning of section 804 of the Act
and desiring to submit comments concerning the application must file
written comments in triplicate with the Secretary, Maritime
Administration, Room 7210, Nassif Building, 400 Seventh Street SW.,
Washington DC 20590. Comments must be received no later than 5:00 p.m.
on February 12, 1996. This notice is published as a matter of
discretion. The Maritime Administrator will consider any comments
submitted and take such action with respect thereto as may be deemed
appropriate.
(Catalog of Federal Domestic Assistance Program No. 2.804 Operating-
Differential Subsidies).
By Order of the Maritime Administrator.
Dated: January 25, 1996.
Joel C. Richard,
Secretary.
[FR Doc. 96-1735 Filed 1-29-96; 8:45 am]
BILLING CODE 4910-81-P
