TITLE XI FINANCING AND U.S. MARITIME POLICY

By Mark P. Schlefer, Esq.

The Congress has established five promotional programs to achieve an adequate merchant marine. They are: long-term financing under Title XI of the Merchant Marine Act, 1936 (the “Act”); cabotage; capital construction funds; the Maritime Security Program; and cargo preference. There is also 200 per cent ten-year declining balance tax depreciation.

The Title XI program deals with most of the important aspects of the

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