Title 46 › Subtitle V — Merchant Marine › Part F — Government-Owned Merchant Vessels › CHAPTER 575 — CONSTRUCTION, CHARTER, AND SALE OF VESSELS › SUBCHAPTER II — CHARTERS › § 57512
The Secretary of Transportation must rent a Department ship to a private operator only by competitive sealed bidding. Bids have to follow exactly the rules and schedule posted in a public advertisement. The advertisement must say five things, including what ships are offered (how many, what kind, and tonnage), the minimum number of sailings, how long the charter will last, that the Secretary can reject all bids, and any other needed details. Bids are opened at the advertised time and place, anyone including reporters may attend, and the results are announced publicly.
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Shipping, Source: USLM XML via OLRC
Legislative History
Reference
Citation
46 U.S.C. § 57512
Title 46, Shipping
Last Updated
Sep 22, 2026
Release point: 119-110