Maritime War Risk Insurance

To provide war risk insurance to U.S.-flag and foreign vessels whenever it appears to the Secretary of Transportation that adequate insurance for waterborne commerce cannot be obtained on reasonable terms and conditions from commercial companies.



Agency - Department of Transportation

The Department of Transportation's mission is to ensure fast, safe, efficient, accessible and convenient transportation that meets vital national interests and enhances the quality of life of the American people, today and into the future.

Office - See Regional Agency Offices.
Website Address

http://www.dot.gov




Program Accomplishments

Not Applicable.

Uses and Use Restrictions

Insurance binders or policies on certain vessels in operation or under construction are provided for nominal cost in times of peace, conflict, and national security purposes.

Presidential Approval.

Eligibility Requirements

Applicant Eligibility

All U.S.

flag vessels, and certain foreign flag vessels meeting specific criteria as determined by the Maritime Administrator.

Beneficiary Eligibility

Covered beneficiaries include vessel owners, third party liabilities, merchant mariners, and certain designated beneficiaries of deceased mariners.

Credentials/Documentation

Applications, vessel data, unqualified contract of commitment, and other supporting data as required by 46 CFR Part 308. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is not applicable.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Complete and proper filing of applications, supporting documents, and payment of appropriate binding fees or promises as specified in 46 CFR Part 308.

Award Procedures

Binders issued only to those applicants that qualify.

Deadlines

Not Applicable.

Authorization

Merchant Marine Act of 1936, Public Law 110-417, U.S.C Stat. , 46 U.S.C 539.

Range of Approval/Disapproval Time

From 5 to 15 working days.

Appeals

Not Applicable.

Renewals

This program has been extended until December 31, 2019.

Assistance Considerations

Formula and Matching Requirements

This program has no statutory formula. This program has no matching requirements. This program does not have MOE requirements.

Length and Time Phasing of Assistance

Indeterminate; depends on war situation and posture of the country. Method of awarding/releasing assistance: by letter of credit.

Post Assistance Requirements

Reports

Not Applicable.

Audits

Not Applicable.

Records

Not applicable in peacetime.

Financial Information

Account Identification

69-4302-0-3-403.

Obigations

(Insurance) FY 16 Not Available; FY 17 Estimate Not Available; and FY 18 Estimate Not Available

Range and Average of Financial Assistance

Applicable only in designated combat areas, subject to terms of the binder.

Regulations, Guidelines, and Literature

Rules and Regulations are set forth under 46 CFR 308 (as published under authority of Public Law 101-115) and 309 as amended from time to time in the Federal Register.

Information Contacts

Regional or Local Office

See Regional Agency Offices.

Headquarters Office

Michael Yarrington Office of Marine Insurance 1200 New Jersey Avenue, SE Washington, District of Columbia 20590 United States, Washington, District of Columbia 20590 Phone: (202)366-1915

Criteria for Selecting Proposals

Not applicable.



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