252.1—Purpose.
This part prescribes regulations implementing provisions in Title VI of the Merchant Marine Act, 1936, as amended (46 App. U.S.C. 1171-1176 and 1178-1181) governing operating-differential subsidy for bulk cargo vessels engaged in carrying bulk cargo in essential services in the foreign commerce of the United States.
[51 FR 40425, Nov. 7, 1986, as amended at 61 FR 32706, June 25, 1996]