Public Law 75–64

That section 704

Merchant Marine Act of 1936, amendment.

49 Stat. 2008.

46 U. S. C., Supp. II, § 1194.

Charter or sale of vessels acquired by Commission.

Temporary operation in foreign commerce, by private operators; time limitation.

of the Merchant Marine Act of 1936 (49 U. S. Stat. L. 2008–2009) be amended to read as follows:

“Sec. 704.

All vessels transferred to or otherwise acquired by the Commission in any manner may be chartered or sold by the Commission pursuant to the further provisions of this Act. All vessels transferred to the Commission by this Act and now being operated by private operators on lines in foreign commerce of the United States shall be temporarily operated by the Commission for its account by private operators until such time and upon such operating agreements as the Commission may deem advantageous, but the Commission shall arrange as soon as practicable to offer all such lines of vessels for charter as hereinafter provided, preference to be given to present operators, and all operation of the Commission’s vessels by private operators under such operating agreements shall be discontinued within one year after the passage of this Act: Provided, That nothing herein contained shall prevent private operators,

Provisos.

Completion of voyages begun before expiration date.

Sale provisions not affected.

under such operating agreements, commencing voyages prior to said expiration date and completing them thereafter: Provided further, That nothing contained herein shall be construed as limiting or affecting the power of sale under provisions of section 705 of this Act.”

#