The Amended Certificate sets forth certain provisions restricting foreign ownership and control of the Company to facilitate the ability of the Company to comply with the Merchant Marine Act
of 1928, commonly referred to as the Jones-White Act.
Nasdaq-NNM: AVDL) today announced that it completed its $17,780,000 financing of its plant modernization effort by issuing mortgage bonds guaranteed under the Title XI program of the Merchant Marine Act
Government guarantee under Title XI of the Merchant Marine Act
of 1936 was approved today by the Department of Transportation, Maritime Administration (Marad).
The unions' lawsuit stems from the November 15, 1994 MarAd approval of an APL request for a waiver of the provisions of Section 804(a) of the Merchant Marine Act of 1936 concerning the six ships which will be delivered to the company in the near future.
trades, MarAd ignored the intent of the Merchant Marine Act of 1936.
Established under Title XI of the Merchant Marine Act
1936, as amended, the federal ship financing program often is referred to simply as the Title XI program.
Government pursuant to the Title XI Program of the Merchant Marine Act
of 1936 relating to debt obligations issued by United States citizen ship owners for the construction or reconstruction of U.
MARAD's federal ship financing program, under Title XI of the Merchant Marine Act
, 1936, as amended, enables vessel owners to obtain long-term financing.
Method of implementation: Amend Title VI, Merchant Marine Act
, 1936, as amended.
This was the case in the enactment of the Merchant Marine Act
of 1936 and the Merchant Marine Act
of 1970, two pieces of legislation that serve as the underpinning of the U.
Jones Act Fleet, constructed under the Merchant Marine Act
of 1920, has played and will continue to play an important role in maintaining a viable U.