Ship Financing and Taxation: Hearings Before the Subcommittee on Merchant Marine of the Committee on Merchant Marine and Fisheries, House of Representatives, Ninety-ninth Congress, First Session ...U.S. Government Printing Office, 1986 - Ship mortgages |
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Common terms and phrases
agreement American Bank BARGE base BENTLEY BIAGGI bond financing capability capacity capital construction fund carriers CCF program Chairman commercial shipbuilding Committee companies competitive Congress Congressional Budget Office contracts Corporation cost Crowley Maritime Corporation Department Department of Defense depreciation domestic dry cargo economic equipment export facilities Federal financing flag foreign trade foreign-flag Government important incentives income investment jack-up Jones Act legislation major MARAD Maritime Administration maritime industry maritime policy Matson ment merchant fleet Merchant Marine Act military million national defense national security NATO naval Navy OECD passenger percent port productivity projects repeal revenue sealift Section 607 shipbuilding and repair shipbuilding industry Shipping Requirements Soviet Subcommittee Subpart F subsidy Tanker tax credit tax deferral tax-exempt tion Transportation Treasury U.S. commercial U.S. maritime U.S. merchant marine U.S. Navy U.S. shipbuilding U.S. shipping U.S. shipyards U.S.-flag vessels UNCTAD United yards
Popular passages
Page 79 - ... capable of serving as a naval and military auxiliary in time of war or national emergency...
Page 335 - ... owned and operated under the United States flag by citizens of the United States insofar as may be practicable, and (d) composed of the best equipped, safest, and most suitable types of vessels, constructed in the United States and manned with a trained and efficient citizen personnel. It is hereby declared to be the policy of the United States to foster the development and encourage the maintenance of such a merchant marine.
Page 335 - It is necessary for the national defense and development of its foreign and domestic commerce that the United States shall have a merchant marine (a) sufficient to carry its domestic water-borne commerce and a substantial portion of the water-borne export and import foreign commerce of the United States and to provide shipping service on all routes essential for maintaining the flow of such domestic and foreign water-borne commerce at all times...
Page 197 - That it is necessary for the national defense and for the proper growth of its foreign and domestic commerce...
Page 85 - The United States are as much bound by their contracts as are individuals. If they repudiate their obligations, it is as much repudiation, with all the wrong and reproach that term implies, as it would be if the repudiator had been a State or a municipality or a citizen.
Page 199 - That no merchandise shall be transported by water, or by land and water, on penalty of forfeiture thereof, between points in the United States, including Districts, Territories, and possessions thereof embraced within the coastwise laws, either directly or via a foreign port, or for any part of the transportation, in any other vessel than a vessel built in and documented under the laws of the United States...
Page 169 - Bennett of the House Armed Services Subcommittee on Seapower and Strategic and Critical Materials...
Page 229 - A promise which the promisor should reasonably expect to induce action or forbearance of a definite and substantial character on the part of the promisee and which does induce such action or forbearance is binding if injustice can be avoided only by enforcement of the promise.
Page 230 - On the other hand War Risk policies, being contracts, are property and create vested rights. The terms of these contracts are to be found in part in the policy, in part in the statutes under which they are issued and the regulations promulgated thereunder.
Page 86 - No doubt there was in March, 1933, great need of economy. In the administration of all government business economy had become urgent because of lessened revenues and the heavy obligations to be issued in the hope of relieving widespread distress. Congress was free to reduce gratuities deemed excessive. But Congress was without power to reduce expenditures by abrogating contractual obligations of the United States.