I appreciate that. My second point is MarAd has a number of title XI applications in the pipeline, ones submitted many months ago and are substantially completed. Is it the gentleman's understanding that MarAd will be allowed to offer the favorable terms, depending on title XI applications which are substantially complete, and to work with me to ensure that applications, such as that from the Quincy shipyard, are eligible for the favorable terms before the agreement enters into effect?
Gerry Studds: “I appreciate that. My second point is MarAd has a number of title XI applications in the pipeline, ones submitted many…”
Editor's note · Context
Discussing title XI applications and favorable terms for shipyards.
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