[Federal Register Volume 59, Number 86 (Thursday, May 5, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-10742]


[[Page Unknown]]

[Federal Register: May 5, 1994]


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FEDERAL MARITIME COMMISSION

46 CFR Part 540

[Docket No. 94-06]

 

Financial Responsibility Requirements for Nonperformance of 
Transportation

AGENCY:  Federal Maritime Commission.

ACTION: Proposed Rule; Extension of Comment Period.

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SUMMARY: By Notice of Proposed Rulemaking published March 31, 1994 (59 
FR 15149), as corrected by a document published April 18, 1994 (59 FR 
18443), the Federal Maritime Commission proposed to remove the $15 
million unearned passenger revenue (``UPR'') ceiling now applicable to 
passenger vessel financial responsibility requirements for 
nonperformance of transportation, because some vessel operators now 
have UPRs significantly exceeding $15 million. The Commission also 
proposed to revise the current UPR sliding scale accordingly--and to 
require coverage of 110 percent of UPR up to $25 million per operator, 
with coverage of 90 percent of UPR for amounts exceeding $25 million. 
Comment was also sought on an alternative proposal to require coverage 
of 110 percent of UPR up to $25 million per operator; 75 percent of UPR 
between $25 million and $50 million per operator; and 50 percent 
coverage for UPR over $50 million per operator. Additionally, the 
Commission proposed to remove self-insurance as an option for section 3 
coverage (except for state or federal entities). Existing self-insured 
commercial operations would be provided one year following the 
effective date of any final rule in this matter to obtain other 
evidence of financial responsibility. These changes are deemed 
necessary to ensure that cruise passengers are adequately protected in 
the event of nonperformance of transportation. The Delta Queen 
Steamboat Co. now has requested a ninety day extension of the comment 
period and the International Council of Cruise Lines has requested that 
the comment period be extended to June. 15, 1994. The Commission has 
determined to extend the comment period to June 10, 1994.

DATES: Comments due on or before June 10, 1994.

ADDRESSES: Send comments (original and 20 copies) to: Joseph C. 
Polking, Secretary, Federal Maritime Commission, 800 North Capitol St., 
NW., Washington, DC 20573, (202) 523-5725.

FOR FURTHER INFORMATION CONTACT: Bryant L. VanBrakle, Director, Bureau 
of Tariffs, Certification and Licensing, Federal Maritime Commission, 
800 North Capitol St., NW., Washington, DC 20573, (202) 523-5796.

    By the Commission.
Ronald D. Murphy,
Assistant Secretary.
[FR Doc. 94-10742 Filed 5-4-94; 8:45 am]
BILLING CODE 6730-01-M