{"identifier":"/us/usc/t46/s57514","title":46,"num":"\u00a7\u202f57514.","heading":"Qualifications of bidders","text":"\u00a7\u202f57514.\nQualifications of bidders\n(a)\nConsiderations.\u2014\nIn deciding whether to award a charter to a bidder, the Secretary of Transportation shall consider\u2014\n(1) the bidder\u2019s financial resources, credit standing, and practical experience in operating vessels; and\n(2) other factors a prudent business person would consider in entering into a transaction involving a large capital investment.\n(b)\nDisqualifications.\u2014\nThe Secretary may not charter a vessel to a person appearing to lack sufficient capital, credit, and experience to operate the vessel successfully over the period covered by the charter.","url":"https://projectusc.org/usc/t46/s57514.html","content":[{"t":"sec","id":"/us/usc/t46/s57514","children":[{"t":"num","text":"\u00a7\u202f57514."},{"t":"heading","text":"Qualifications of bidders"},{"t":"subsec","id":"/us/usc/t46/s57514/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Considerations.\u2014"},{"t":"chapeau","text":"In deciding whether to award a charter to a bidder, the Secretary of Transportation shall consider\u2014"},{"t":"para","id":"/us/usc/t46/s57514/a/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" the bidder\u2019s financial resources, credit standing, and practical experience in operating vessels; and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t46/s57514/a/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" other factors a prudent business person would consider in entering into a transaction involving a large capital investment.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t46/s57514/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Disqualifications.\u2014"},{"t":"content","text":"The Secretary may not charter a vessel to a person appearing to lack sufficient capital, credit, and experience to operate the vessel successfully over the period covered by the charter.","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}