It is certainly our intention that carriers do not automatically receive the U.S.-flag vessel contract price if an MSP carrier subcontracts its work to a foreign-flag vessel. It is our intent that the Federal Government be able to renegotiate such contracts, based on the cost of the replacement vessel. Again, I thank the Senator for making this clarification.
Trent Lott: “It is certainly our intention that carriers do not automatically receive the U.S.-flag vessel contract price if an MSP…”
Editor's note · Context
Discussing U.S.-flag vessel contracts and subcontracting during a Senate floor debate.
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