Title XI Obligation Guarantees - 46 CFR Part 298

“The Title XI Obligation Guarantees – 46 CFR Part 298 collection is required to obtain benefits. In order to streamline the process, the applicant will fill out form MA-163 to request financing for a vessel, or MA-163A when requesting financing to modernize a shipyard. The information provided is used by individual offices within MARAD to evaluate each applicant within that offices sphere of responsibility. This information is recorded and can be used later to compare similar sector applications. It can also be used if the applicant decides to submit an additional application to ensure consistency. This information is submitted as needed and when requested. The information received from MA-163 and MA-163A includes a description of vessel or shipyard and intended use of the vessel or improvements intended for the shipyard, the total cost of the project, the amount the applicant is looking to receive from MARAD and the timeframe they will pay MARAD back and the interest. Also, the applicant must submit the shipyard, company history, Past Business Activities, Business Relationships, A Market Study, as well as anything else that would help the individual offices within MARAD evaluate each application.

The latest form for Title XI Obligation Guarantees - 46 CFR Part 298 expires 2021-01-31 and can be found here.