Application for Construction Reserve Fund and Annual Statements (CRF)

The Construction Reserve Fund (CRF), authorized by 46 U.S.C. Chapter 533 (the Act), is a financial assistance program which provides tax benefits to owners and operators of U.S.-flag ships. The application is required from all citizens who own or operate vessels in the U.S. foreign or domestic commerce who desire 'tax' benefits under the CRF program. Annual statements are required from each respondent. The information provided in the application will be used by the Maritime Administration (MARAD), Office of Financial Approvals, to determine if an applicant qualified for the benefits. The annual statement is used by MARAD to assure that account holders are satisfying the requirements of the program and to keep agency leaders informed of the scope and scale of use of the program. The collection is reporting (not a survey).

The latest form for Application for Construction Reserve Fund and Annual Statements (CRF) expires 2021-10-31 and can be found here.