94-31817. War Risk Insurance Valuation

[Federal Register Volume 59, Number 248 (Wednesday, December 28, 1994)]
[Unknown Section]
[Page ]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-31817]


[Federal Register: December 28, 1994]


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DEPARTMENT OF TRANSPORTATION

Maritime Administration

46 CFR Part 309

Rin 2133-AA89


War Risk Insurance Valuation

ACTION: Notice of rulemaking withdrawal.

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SUMMARY: On May 7, 1991 the Maritime Administration (MARAD) issued an 
advance notice of proposed rulemaking (56 FR 21118) soliciting comments 
on proposed changes in MARAD's ship valuation methodology for issuing 
war risk insurance. After reviewing the comments received, including 
substantial comments from another Federal agency, MARAD determined that 
this rulemaking requires further consideration, and so stated in the 
Unified Agenda of Federal Regulations published on November 14, 1994 
(59 FR 57997). In this regard, MARAD is considering requesting guidance 
from the Congress in legislation that will be proposed to extend the 
authority to issue war risk insurance, which expires on June 30, 1995. 
Accordingly, MARAD is withdrawing this rulemaking.

FOR FURTHER INFORMATION CONTACT:
Edmond J. Fitzgerald, Director, Office of Subsidy and Insurance, 
Maritime Administration (MAR-570), 400 Seventh Street, SW., Washington, 
D.C. 20590, tel. [phone].

    Dated: December 21, 1994.

    By Order of the Maritime Administrator.
Joel C. Richard,
Secretary, Maritime Administration.
[FR Doc. 94-31817 Filed 12-27-94; 8:45 am]
BILLING CODE 4910-81-M