[Code of Federal Regulations] [Title 33, Volume 2] [Revised as of July 1, 2002] From the U.S. Government Printing Office via GPO Access [CITE: 33CFR148.405] [Page 193] TITLE 33--NAVIGATION AND NAVIGABLE WATERS CHAPTER I--COAST GUARD, DEPARTMENT OF TRANSPORTATION (CONTINUED) PART 148--GENERAL--Table of Contents Subpart D--Issuance of a License Sec. 148.405 Term of license. Each license is issued for a term of 20 years, unless a shorter period is requested in the application.