MARITIME SUBSIDY, DRAFT REPORT
A maritime subsidy system, called the Incentive Charter System, is discussed as an alternative to the current subsidy methods. It is tentatively concluded that this system is superior to the current method and preferable to the alternatives which are also discussed. The Incentive Charter System relies on the use of vessel charters in which the U.S. Government charters vessels on a competitive bid basis to qualified operators and contracts for the construction of vessels by shipyards. Through the use of the system, an efficient use of American resources is assured, provided than an adequate choice of vessel types is made available in the bidding process to the prospective operators and shipbuilders. The system appears to be a desirable replacement for the current construction and operating differential subsidies, and may be expanded to replace all other forms of aid given to the Merchant Marine.
- This document is available for review at the Department of Commerce Library, Main Commerce Building, Washington, D.C., under reference number L-5-MAR.
Little (Arthur D), IncorporatedAcorn Park
Cambridge, MA United States 02140
- Publication Date: 1963-1-30
- Features: Appendices; Figures;
- Pagination: 51 p.
- TRT Terms: Chartering; Merchant fleet operation; Operating subsidies; Shipbuilding; Subsidies
- Subject Areas: Construction; Finance; Marine Transportation;
- Accession Number: 00026618
- Record Type: Publication
- Source Agency: Maritime Administration
- Report/Paper Numbers: Draft Rpt
- Contract Numbers: MA-2451
- Files: TRIS, USDOT
- Created Date: Feb 14 1973 12:00AM