46 U.S.C. § 57514 - Qualifications of bidders

46 USC 57514 - Qualifications of bidders

(a) Considerations.— 
In deciding whether to award a charter to a bidder, the Secretary of Transportation shall consider
(1) the bidders financial resources, credit standing, and practical experience in operating vessels; and
(2) other factors a prudent business person would consider in entering into a transaction involving a large capital investment.
(b) Disqualifications.— 
The Secretary may not charter a vessel to a person appearing to lack sufficient capital, credit, and experience to operate the vessel successfully over the period covered by the charter.

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