[Federal Register Volume 61, Number 20 (Tuesday, January 30, 1996)]
[Notices]
[Page 3078]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1735]



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DEPARTMENT OF TRANSPORTATION
Maritime Administration
[Docket S-930]


Chestnut Shipping Company, Keystone Shipping Co.; Application for 
Amendment of a Previous Section 804 Waiver Which Authorized Keystone 
Shipping Co. To Acquire an Interest in or Charter Nine Foreign-Flag 
Liquid Bulk Vessels

    Chestnut Shipping Company (Chestnut) requests amendment of Docket 
A-180, served by the Maritime Administrator (Administrator) on November 
15, 1990, in which the Administrator with respect to Operating-
Differential Subsidy Agreement (ODSA), Contract MA/MSB-299, with 
Chestnut, waived until November 11, 1996, the provisions of section 
804(a) of the Merchant Marine Act, 1936, as amended (Act), so as to 
permit Chestnut's affiliate, Keystone Shipping Co. (Keystone), to 
acquire an interest in or charter up to nine foreign-flag liquid bulk 
vessels to be operated in U.S. foreign commerce, none to exceed 200,000 
DWT.
    Chestnut requests amendment of the section 804 waiver as previously 
granted to Chestnut in Docket A-180, in order to allow Keystone until 
February 28, 1997, and any applicable extension thereto, to own, 
charter, manage, act as agent or broker for, or to have an interest in 
up to twenty (20) dry, liquid or combination liquid/dry bulk foreign-
flag vessels without restrictions as to the size of the vessels or 
amount of cargo such vessels can load. Chestnut advises that Keystone 
agrees to be bound by the conditions of earlier waivers imposed by the 
Administrator which were designed to assure against the diversion of 
subsidy monies.
    On December 22, 1993, the Maritime Administration authorized 
separate ODSAs for the two original vessels of Chestnut, as follows:
    (1) MA/MSB-299(a) on the CHESTNUT HILL, to expire November 30, 
1996, and
    (2) MA/MSB-299(b) on the KITTANNING, to expire February 28, 1997.
    Under either of these ODSAs, Chestnut is authorized to operate the 
CORONADO, CHERRY VALLEY, CHELSEA, CHILBAR or FREDERICKSBURG, provided 
that the annual amount of operating-differential subsidy (ODS) accrued 
under each ODSA can not exceed the amount of ODS that would accrue for 
one-ship year of operation of the vessel named in the ODSA.
    This application may be inspected in the Office of the Secretary, 
Maritime Administration. Any person, firm or corporation having any 
interest in such request within the meaning of section 804 of the Act 
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 5:00 p.m. 
on February 12, 1996. This notice is published as a matter of 
discretion. The Maritime Administrator 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 Administrator.

    Dated: January 25, 1996.
Joel C. Richard,
Secretary.
[FR Doc. 96-1735 Filed 1-29-96; 8:45 am]
BILLING CODE 4910-81-P