[Federal Register Volume 60, Number 228 (Tuesday, November 28, 1995)]
[Notices]
[Pages 58723-58724]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-29041]



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DEPARTMENT OF TRANSPORTATION
Maritime Administration
[Docket S-927]


Aquarius Marine Co. and Atlas Marine Co.; Application for Payment 
of Unused Operating-Differential Subsidy

    Notice is hereby given that Aquarius Marine Company (Aquarius) and 
Atlas Marine Company (Atlas), contractors under Operating-Differential 
Subsidy Agreements, Contracts MA/MSB-309 and MA/MSB-274, respectively, 
request the Maritime Subsidy Board to extend the term of these 
contracts by four years each, to expire October 15, 1999, and December 
30, 2000, subject to the restriction that subsidy will not be paid for 
more than 1,188 voyage days (about 3.25 years) of operations in 
subsidized service during the additional term, under whichever of the 
two contracts such operations may take place. In the alternative, 
Aquarius and Atlas requests a new four year operating-differential 
subsidy contract covering the operations of the CHARLESTON.
    Aquarius and Atlas (applicants) advise that subsidized operations 
under Contract MA/MSB-309 terminated October 15, 1995, and subsidized 
operations under Contract MA/MSB-274 will terminate December 29, 1996. 
The applicants state that the vessels under these contracts were the 
AMERICAN HERITAGE, GOLDEN MONARCH, and CHARLESTON, under a subsidy-
sharing arrangement stipulated in Addendums 84 and 85 of the respective 
contracts. Effective January 12, 1993, these addenda amended the 
contracts by adding to Article I-3(a) the CHARLESTON as a vessel 
eligible for subsidy under the terms of the two contracts and permitted 
to be substituted in the subsidized service for Aquarius's GOLDEN 
MONARCH and Atlas' AMERICAN HERITAGE, subject to the condition that the 
annual amount of subsidy accrued for all three vessels operating under 
the two contracts could not exceed two ship-years of subsidized 
operations annually.
    The applicants advise that the AMERICAN HERITAGE entered subsidized 
service on or about December 30, 1976; the GOLDEN MONARCH on or about 
October 15, 1975; and the CHARLESTON on or about January 12, 1993. The 
AMERICAN HERITAGE was withdrawn, sold, and scrapped in or about 
November 1994. The GOLDEN MONARCH was withdrawn, sold, and transferred 
to foreign registry in or about June 1995. The CHARLESTON continues in 
subsidized service.
    The applicants advise that the AMERICAN HERITAGE performed no 
subsidized service after June 5, 1993, and the GOLDEN MONARCH operated 
sometimes in and sometimes out of subsidized service after October 25, 
1992. As a result, these two vessels will have accumulated more than 
2,500 voyage days of ``unused subsidy''--that is to say, voyage days 
during which they had a contractual right to earn subsidies but 
refrained from doing so--from those dates to the end of the terms of 
the respective contracts. The applicants advise that allowing for the 
absorption of 1,370 of these unused days by subsidized operations of 
the CHARLESTON, there will remain 1,188 unused days of entitlement to 
subsidy. They are proposing that the contracts be extended to enable 
them to absorb these 1,188 days by continuing the subsidized operation 
of the CHARLESTON. This application may be inspected in the Office of 
the Secretary, Maritime Administration. Any person, firm or 

[[Page 58724]]
corporation having any interest in such request and desiring to submit 
comments concerning the application must file written comments in 
triplicate with the Secretary, Maritime Administration, Room 7210, 
Nassif Building, 400 Seventh Street SW., Washington, DC 20590. Comments 
must be received no later than 5 p.m. on December 12, 1995. The 
Maritime Subsidy Board will consider any comments submitted and take 
such action with respect thereto as may be deemed appropriate.

(Catalog of Federal Domestic Assistance Program No. 2.804 Operating-
Differential Subsidies).

    By order of the Maritime Subsidy Board.

    Dated: November 21, 1995.
Joel C. Richard,
Secretary.
[FR Doc. 95-29041 Filed 11-27-95; 8:45 am]
BILLING CODE 4910-81-M