28 December 2001
Source: http://www.access.gpo.gov/su_docs/aces/fr-cont.html

-------------------------------------------------------------------------

[Federal Register: December 28, 2001 (Volume 66, Number 249)]
[Notices]
[Page 67350]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28de01-159]

-----------------------------------------------------------------------

DEPARTMENT OF TRANSPORTATION

Maritime Administration


Presidential Memorandum of December 12, 2001; Marine War Risk
Insurance Under Title XII of the Merchant Marine Act, 1936

    On December 12, 2001, President George W. Bush approved the
provision of vessel war risk insurance by memorandum for the Secretary
of State and the Secretary of Transportation. The text of this
memorandum reads:

    By virtue of the authority vested in me by the Constitution and
laws of the United States, including 3 U.S.C. 301 and section 1202
of the Merchant Marine Act, 1936, as amended (the ``Act''), 46
U.S.C. App. 1282, I hereby:
    Approve the provision by the Secretary of Transportation of
insurance or reinsurance of vessels (including cargoes and crew)
entering the Middle East region against loss or damage by war risks
in the manner and to the extent approved in title XII of the Act, 46
U.S.C. App. 1281, et seq., for purposes of responding to the recent
terrorist attacks, whenever, after consultation with the Department
of State, it appears to the Secretary of Transportation that such
insurance adequate for the needs of the waterborne commerce of the
United States cannot be obtained on reasonable terms and conditions
from companies authorized to do an insurance business in a State of
the United States. The approval is effective for 6 months.
    I hereby delegate to the Secretary of Transportation, in
consultation with the Secretary of State, the authority vested in me
by section 1202 of the Act, to approve the provision of insurance or
reinsurance for these purposes after the expiration of 6 months.

    The Secretary of Transportation is directed to bring this approval
to the immediate attention of all operators and to arrange for its
publication in the Federal Register.

    By Order of the Maritime Administrator.
    Dated: December 21, 2001.
Murray A. Bloom,
Acting Secretary.
[FR Doc. 01-32019 Filed 12-27-01; 8:45 am]
BILLING CODE 4910-81-P