Title 46, ShippingRelease 119-110
§55312 Determining Prevailing World Market Price
Title 46 › Subtitle V — Merchant Marine › Part D — Promotional Programs › CHAPTER 553 — PASSENGER AND CARGO PREFERENCES › SUBCHAPTER II — EXPORT TRANSPORTATION OF AGRICULTURAL COMMODITIES › § 55312
Summary
Secretary of Agriculture must set procedures by regulation, with notice and comment under section 553 of title 5, to decide world market prices for agricultural commodities; for goods or services under section 55314(b)(6) or (7), the Secretary must consult other agencies.
Full Legal Text
Title 46, §55312
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(a)Agricultural Commodities and Products.—
The prevailing world market price for agricultural commodities or their products shall be determined under this subchapter under procedures prescribed by the Secretary of Agriculture. The Secretary shall prescribe the procedures by regulation, with notice and opportunity for public comment under section 553 of title 5.
(b)Services and Non-Agricultural Commodities and Products.—
If a determination of the prevailing world market price of any other type of materials, goods, equipment, or service is required to determine whether a barter or exchange transaction is subject to section 55314(b)(6) or (7) of this title, the determination shall be made by the Secretary of Agriculture in consultation with the heads of other appropriate agencies.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 5531246 App.:1241f(e).June 29, 1936, ch. 858, title IX, § 901b(e), as added Pub. L. 99–198, title XI, § 1142, Dec. 23, 1985, 99 Stat. 1492.
Reference
Citations & Metadata
Citation
46 U.S.C. § 55312
Title 46, Shipping
Last Updated
Sep 22, 2026
Release point: 119-110