[Federal Register Volume 66, Number 249 (Friday, December 28, 2001)]
[Notices]
[Page 67350]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-32019]


-----------------------------------------------------------------------

DEPARTMENT OF TRANSPORTATION

Maritime Administration


Presidential Memorandum of December 12, 2001; Marine War Risk 
Insurance Under Title XII of the Merchant Marine Act, 1936

    On December 12, 2001, President George W. Bush approved the 
provision of vessel war risk insurance by memorandum for the Secretary 
of State and the Secretary of Transportation. The text of this 
memorandum reads:

    By virtue of the authority vested in me by the Constitution and 
laws of the United States, including 3 U.S.C. 301 and section 1202 
of the Merchant Marine Act, 1936, as amended (the ``Act''), 46 
U.S.C. App. 1282, I hereby:
    Approve the provision by the Secretary of Transportation of 
insurance or reinsurance of vessels (including cargoes and crew) 
entering the Middle East region against loss or damage by war risks 
in the manner and to the extent approved in title XII of the Act, 46 
U.S.C. App. 1281, et seq., for purposes of responding to the recent 
terrorist attacks, whenever, after consultation with the Department 
of State, it appears to the Secretary of Transportation that such 
insurance adequate for the needs of the waterborne commerce of the 
United States cannot be obtained on reasonable terms and conditions 
from companies authorized to do an insurance business in a State of 
the United States. The approval is effective for 6 months.
    I hereby delegate to the Secretary of Transportation, in 
consultation with the Secretary of State, the authority vested in me 
by section 1202 of the Act, to approve the provision of insurance or 
reinsurance for these purposes after the expiration of 6 months.

    The Secretary of Transportation is directed to bring this approval 
to the immediate attention of all operators and to arrange for its 
publication in the Federal Register.

    By Order of the Maritime Administrator.
    Dated: December 21, 2001.
Murray A. Bloom,
Acting Secretary.
[FR Doc. 01-32019 Filed 12-27-01; 8:45 am]
BILLING CODE 4910-81-P