Program Requirements

Financial Requirements

  • Minimum of 12.5% equity funded or committed prior to Maritime Administration approval
  • Positive working capital
  • Long-term debt to equity ratio of 2:1 or less
  • Maintain net worth

 

Economic Soundness

 

 

Technical Acceptance

 

 

Legal and Regulatory compliance

 

 

Insurance Requirements

Vessels or technology financed by Title XI must maintain adequate insurance during the entire term of the financing.  Insurance must be provided by an approved underwriter.

Click for a list of approved domestic and foreign underwriters.

 

Maritime Security
Voluntary Tanker Agreement
Ship Operations Cooperative Program
Maritime Research & Development
Inland Container on Barge
Intermodal Access to U.S. Ports and Marine Terminals