[Public Papers of the Presidents of the United States: George W. Bush (2001, Book II)]
[December 12, 2001]
[Pages 1514-1515]
[From the U.S. Government Publishing Office www.gpo.gov]



Memorandum on Provision of Marine War Risk Insurance Coverage
December 12, 2001

Memorandum for the Secretary of State, the Secretary of Transportation

Subject: Provision of Marine War Risk Insurance Coverage

    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

[[Page 1515]]

        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. This 
        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.

                                                          George W. Bush

Note: This memorandum was released by the Office of the Press Secretary 
on December 14. It was not received for publication in the Federal 
Register.