Double-Hull Tanker Legislation An Assessment of the Oil Pollution Act of 1990 (1998) / Chapter Skim
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Appendix B
Appendix B
Pages 158-164
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From page 158... ...
Double Hull Requirement. Chapter 37 of title 46, United States Code, is amended by inserting after section 3703 the following new section: "§ 3703a.
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From page 159... ...
"~2) A vessel of less than 5,000 gross tons for which a building contract or contract for major conversion was placed before June 30, 1990, and that is delivered under that contract before January 1, 1994, and a vessel of less than 5, 000 gross tons that had its appraised salvage value determined by the Coast Guard before June 30, 1990 and that qualifies for documentation under section 4136 of the Revised Statutes of the United States (46 App.
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From page 160... ...
after January 1, 2005, if the vessel is 25 years old or older and has a single hull, or is 30 years old or older and has a double bottom or double sides; "(B) in the case of a vessel of at least 15,000 gross tons but less than 30,000 gross tons "(i)
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From page 161... ...
The Secretary shall, within 12 months after the date of the enactment of this Act, complete a rulemaking proceeding and issue a final rule to require that tank vessels over 5,000 gross tons affected by section 3703a of title 46, United States Code, as added by this section, comply until January 1, 2015, with structural and operational requirements that the Secretary determines will provide as substantial protection to the environment as is economically and technologically feasible.
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From page 162... ...
of this section, the Secretary, upon the terms the Secretary may prescribe, may guarantee or make a commitment to guarantee, payment of the principal of and interest on an obligation which aids in financing and refinancing, including reimbursement to an obliger for expenditures previously made, of a contract for construction or reconstruction of vessel or vessels owned by citizens of the United States which are designed and to be employed
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From page 163... ...
the applicant is presently engaged in transporting cargoes in vessels of the type and class that will be constructed or reconstructed under this section, and agrees to employ vessels constructed or reconstructed under this section as replacements only for vessels made obsolete by changes in operating standards imposed by statute; "~3) the capacity of the vessels to be constructed or reconstructed under this title will not increase the cargo carrying capacity of the vessels being replaced; "~4)
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From page 164... ...
with respect to the Vessel Replacement Guarantee Fund, for all moneys received by the Secretary under sections 1101 through 1107 from applicants under this section.
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