46 CFR 308.407
§ 308.407 Premiums and payment.
United States · 46 CFR — Shipping · Status: effective
Cite this
- Citation
- 46 CFR 308.407, § 308.407 Premiums and payment, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/232033
- Permanent ID
ys:prov:232033@1- SHA-256
8c96756b7a42ca93d31115c2dc63416f17bc265f5f11dac135b1bbf7114e55f1
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
For the prelaunching period premium will be charged on the average value at risk during each calendar month or the daily pro rata part thereof for periods of less than one calendar month. For the postlaunching period premium will be charged on the amount insured for the full period. Premiums shall be due and payable within thirty days after receipt by the Assured of notice of the amount thereof and if not paid within that period the insurance shall become null and void and of no effect from the beginning of the period for which the premium charge is made unless the Maritime Administrator agrees otherwise. Payment shall be made to MARAD at the address in § 308.2(d), by check payable to the order of “Maritime Administration, Department of Transportation.”
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.