§ 565.2 Definitions.
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Title 46 CFR: Shipping › Chapter IV: FEDERAL MARITIME COMMISSION › Part 565: CONTROLLED CARRIERS › § 565.2: § 565.2 Definitions.
Text
(a)
Controlled carrier
means an ocean common carrier that is, or whose operating assets are, directly or indirectly owned or controlled by a government. Ownership or control by a government shall be deemed to exist with respect to any ocean common carrier if:
(1) A majority portion of the interest in the carrier is owned or controlled in any manner by that government, by any agency thereof, or by any public or private person controlled by that government; or
(2) That government has the right to appoint or disapprove the appointment of a majority of the directors, the chief operating officer or the chief executive officer of the carrier.
(b)
Effective date
has the same meaning it has in 46 CFR part 520.
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