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Catalog of Federal Domestic Assistance

Program Descriptions

20.803:  Maritime War Risk Insurance

Popular Name:  Title XII, MMA, 1936

Objectives:  To provide war risk insurance whenever it appears to the Secretary of Transportation that adequate insurance for waterborne commerce cannot be obtained on reasonable terms and conditions from licensed insurance companies in the United States.

PROGRAM AND AWARD	FINANCIAL AND INFORMATION CONTACTS
ELIGIBILITY REQUIREMENTS	FINANCIAL AND ADMINISTRATIVE INFO.
APPLICATION AND AWARD PROCESS	INFORMATION CONTACTS
RELATED PROGRAMS	ASSISTANCE CONSIDERATIONS
PROGRAM ACCOMPLISHMENTS	POST ASSISTANCE REQUIREMENTS

20.803 ELIGIBILITY REQUIREMENTS:

Applicant Eligibility:  All U.S. flag vessels, and certain foreign flag vessels meeting specific criteria as determined by the Maritime Administrator.

Beneficiary Eligibility:  Vessel owners, their crews, and certain designated beneficiaries of deceased crew members.

Credentials/Documentation:  Applications, vessel data, unqualified contract of commitment, and other supporting data as required by 46 CFR Part 308.

20.803 APPLICATION AND AWARD PROCESS:

Preapplication Coordination:  None. This program is excluded from coverage under E.O. 12372.

Application Procedure:  Complete and proper filing of applications, supporting documents, and payment of appropriate binding fees or promises as specified in 46 CFR Part 308.

Award Procedure:  Binders issued only to those applicants that qualify.

Deadlines:  None.

Range of Approval/Disapproval Time:  From 5 to 15 working days.

Appeals:  Not applicable.

Renewals:  This program has been extended until June 30, 2005.

Criteria for Selecting Proposals:  Not applicable.

Examples of Funded Projects:  Not applicable.

Range and Average of Financial Assistance:  Applicable only in designated combat areas, subject to terms of the binder.

20.803 RELATED PROGRAMS:

20.803 PROGRAM ACCOMPLISHMENTS:

20.803 FINANCIAL AND ADMINISTRATIVE INFO:

Federal Agency:  MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION

Type of Assistance:  Insurance.

Obligations:  (Contractual fees and underwriting agents' fees) FY 99 $117,000; FY 00 est $1,000,000; and FY 01 est $1,000,000. The majority of these fees is for underwriting agency fee.

Budget Account Number:  69-4302-0-3-403.

Authorization:  Merchant Marine Act of 1936, Title XII, as amended, Public Law 81-763, 46 U.S.C. 1281-1294; Public Law 104-106.

Regulations, Guidelines, and Literature:  Rules and Regulations are set forth under 46 CFR 308 (as published under authority of Public Law 101-115) and 309 as amended from time to time in the Federal Register.

20.803 INFO CONTACTS:

Regional or Local Office:  American War Risk Agency, 14 Wall Street, New York, NY 10005. Phone: (212) 233-0300.

Headquarters Office:  Edmond J. Fitzgerald, Director, Office of Insurance and Shipping and Analysis, Maritime Administration, Department of Transportation, Washington, DC 20590. Phone: (202) 366-2400.

(See Appendix IV for more contact info.)

20.803 ASSISTANCE CONSIDERATIONS:

Formula and Matching Requirements:  Not applicable.

Length and Time Phasing of Assistance:  Indeterminate; depends on war situation and posture of the country.

Uses and Use Restrictions:  Insurance binders or policies on certain vessels in operation or under construction are provided for nominal cost in peacetime.

20.803 POST ASSISTANCE REQUIREMENTS:

Reports:  Not applicable in peacetime.

Audits:  Not applicable in peacetime.

Records:  Not applicable in peacetime.