[Code of Federal Regulations]
[Title 46, Volume 8]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 46CFR381.4]

[Page 346-347]
 
                           TITLE 46--SHIPPING
 
    CHAPTER II--MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION
 
PART 381_CARGO PREFERENCE_U.S.-FLAG VESSELS--Table of Contents
 
Sec. 381.4  Fair and reasonable participation.

    In order to insure a fair and reasonable participation by U.S.-flag 
commercial vessels in liner parcel cargoes subject to the Cargo 
Preference Act of 1954, as required by that Act, the head of each 
department or agency having responsibility under that Act shall 
prescribe regulations or formal staff instructions providing for the 
cargo mix of liner parcel cargoes transported on ocean vessels to be 
divided between privately owned U.S.-flag vessels and foreign-flag 
vessels in such a manner as to yield to the U.S.-flag vessels freight 
revenue per long ton at least equal to

[[Page 347]]

the freight revenue per long ton afforded the foreign-flag vessels 
participating in the same grant, loan, or purchase transaction. A copy 
of the regulations or staff instructions prescribed by each department 
or agency shall be furnished to the Secretary, Maritime Administration, 
no later than June 30, 1971, for approval.

[G.O. 103, Amdt. 1, 36 FR 10739, June 2, 1971]