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Maritime War Risk Insurance
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.
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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