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46 U.S.C. § 57518

Performance bond

United States · Title 46 — SHIPPING · Status: effective

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Citation
46 U.S.C. § 57518, Performance bond, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/488454
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Full text

The Secretary of Transportation shall require a charterer of a vessel of the Secretary to deposit with the Secretary an undertaking, with approved sureties, in such amount as the Secretary may require as security for the faithful performance of the terms of the charter, including indemnity against liens on the chartered vessel.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 109-304(H.R. 1442)2006-10-06
    To complete the codification of title 46, United States Code, "Shipping", as positive law.
    House: no recorded tallySenate: no recorded tally