Long-term Charter of Tankers by Navy: Hearings Before a Subcommittee of the Committee on Armed Services, United States Senate, Eighty-third Congress, Second Session, on S. 2788, March 4 and 30, 1954

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U.S. Government Printing Office, 1954 - Tankers - 64 pages
Considers (83) S. 2788.

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Page 4 - No officer or employee of the United States shall make or authorize an expenditure from or create or authorize an obligation under any appropriation or fund in excess of the amount available therein...
Page 4 - No contract or purchase on behalf of the United States shall be made unless the same is authorized by law, or is under an appropriation adequate to its fulfillment, except in the War and Navy Department, for clothing, subsistence, forage, fuel, quarters, or transportation, which, however, shall not exceed the necessities of the current year.
Page 45 - The British policy of replacement had one characteristic which, the opinion is held in many quarters, added to the owners' difficulties in times when tonnage was in excess of demand. They sold their old vessels, mostly to foreign buyers, in order to raise some of the capital required for their new purchases. One well-known London firm of shipowners was an exception and maintained by precept and example that British shipping was ill served by allowing its older shipping to crowd the trade routes under...
Page 45 - This is a total of 751 ships aggregating 8,612,000 deadweight tons under the 3 "runaway" flags. A good example of how a nation can easily lose its merchant marine is that of Greece. Of the Greek merchant fleet of 940 ships, more than two-thirds of these ships now sail under foreign flags. To date, the Greek merchant marine consists only of approximately 300 ships.
Page 29 - These foreign yards are constructing larger, faster, and more efficient tankers, both for their own account and for other nations. Meanwhile, the opportunity to develop ship designs and the experience necessary to maintain a potential capacity consistent with defense requirements is not afforded to American yards. It is considered that the proposed program will provide the opportunity for American shipyards to develop a larger and faster commercial-type tanker of modern design and, at the same time,...
Page 1 - Agency is authorized, in making contracts for the use of international short-wave radio stations and facilities, to agree on behalf of the United States to indemnify the owners and operators of said radio stations and facilities from such funds as may be hereafter appropriated...
Page 11 - Government for the use of these larger, faster tankers will be dreivod from funds normally appropriated from year to year for the transportation of petroleum products by the military departments of the Department of Defense. These same, funds must be appropriated if the. Department is to fulfill its mission, regardless of whether its requirements for the transportation of petroleum products are met by the operation of the present Government owned T-2 type tankers or under the proposed program of...
Page 35 - The hire stipulated with respect to any tanker in any charter party entered into under this section shall not exceed an average rate for the life of the charter party of $5 per deadweight ton per month : Provided, That such average rate will not result in the recovery of more than two-thirds of the construction cost of such tanker.
Page 43 - ... unfeasibility, lack of present or prospective employment, forwarding such financial and operating data from date of acquisition of vessel to date of foreign transfer application, as a basis therefor ; 4. The outstanding mortgage notes, if any, on the Liberty-type tankers owing to the Maritime Administration at the time of the transfer of said vessels are paid to the Maritime Administration ; 5. That any such transfer to Panamanian, Liberian, or Honduran ownership, and/or registry, shall be subject...
Page 44 - Association states that 75 of the tramp ships were bought in 1048 and 75 were bought in 1951. We point out that these ships were actually purchased in order to carry the 50 percent of the economic aid cargoes and the military cargoes allotted to American bottoms by law. It is also important to know that many of these shipowners have had and have financial interests in the foreign-flag ships which carry the 50 percent of the economic aid cargoes allotted to foreign-flag ships. We are advised that...

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