46 CFR § 289.4 Insurance of Construction-Differential Subsidy Vessels, Operating-Differential Subsidy Vessels and of Vessels Sold or Adjusted Under the Merchant Ship Sales Act 1946

§ 289.4 Insurance by owners.

Current through Sep 25, 2026 · Read all of Part 289

Owners of vessels covered in § 289.2 will not be required to arrange commercial insurance to cover the interest of the United States, exclusive of its mortgage interest, but the United States reserves the right to require, whenever the contracts so provide, that this be done at some future date, should it deem it necessary.

← § 289.3 Provision in subsidy agreements and mortgages.§ 289.5 Insurance by the United States. →