Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
46 lines
1.8 KiB
Markdown
46 lines
1.8 KiB
Markdown
---
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type: "LegalText"
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title: "46 U.S.C. § 57514"
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description: "Qualifications of bidders"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 46
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title_name: "SHIPPING"
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chapter_number: "575"
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chapter_name: "CONSTRUCTION, CHARTER, AND SALE OF VESSELS"
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section: "57514"
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citation: "46 U.S.C. § 57514"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc46@119-100.zip"
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source_identifier: "/us/usc/t46/s57514"
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source_file: "data/legal/raw/us/code/title-46/usc46.xml"
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source_hash: "4e8cf266c47c68653ce428686cbaa960752f12192755b1b023187d9270d298ac"
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raw_snapshot_hash: "eb1331aa3c08ed87231a3606d86b30d1b5942cdf8542f6a3df8ac1d66e86057f"
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text_hash: "01088876c98b14c8dbb05327cf7b64f46149c39b6c18f35e8cb7a8de4b5795f6"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 46 U.S.C. § 57514 - Qualifications of bidders
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## Text
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(a) Considerations.— In deciding whether to award a charter to a bidder, the Secretary of Transportation shall consider—
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(1) the bidder’s financial resources, credit standing, and practical experience in operating vessels; and
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(2) other factors a prudent business person would consider in entering into a transaction involving a large capital investment.
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(b) Disqualifications.— The Secretary may not charter a vessel to a person appearing to lack sufficient capital, credit, and experience to operate the vessel successfully over the period covered by the charter.
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(Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1666.)
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## Notes
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Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 5751446 App.:1203.June 29, 1936, ch. 858, title VII, § 713, 49 Stat. 2010; Pub. L. 97–31, § 12(115), Aug. 6, 1981, 95 Stat. 164.
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