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Federal Ship Financing Guarantees
Published on AidPage by IDILOGIC on Jun 24, 2005
Possible uses and use restrictions...
Guarantees are available to aid in financing of: 1) advanced shipbuilding technology and modern shipbuilding technology of a general shipyard facility located in the United States, and 2) vessels (including eligible export vessels) which are designed for research or for commercial use (a) in coastwide or intercostal trade; (b) on the Great Lakes or on bays, sounds, rivers, harbors, or inland lakes of the United States; (c) in foreign trade; (d) as an ocean thermal energy conversion facility or plantship; (e) as floating drydocks, or (f) with respect to an eligible export vessel, in world-wide trade. Any vessel of not less than 5 net tons, (other than a towboat, barge, scow, lighter, car float, canal boat or tank vessel of less than 25 gross tons) is eligible.
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