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(herein called the "war-built vessel(s)") at the statutory sales price, in accordance with the provisions of the Merchant Ship Sales Act of 1946, Public Law 321, 79th Cong., 2d Sess., approved March 8, 1946 (herein called the "act"), and the rules and regulations prescribed by the Maritime Administration (or the United States Maritime Commission) (herein called the "Administration”), §§ 299.1 to 299.134, inclusive, of General Order 60, published in the FEDERAL REGISTER

(herein called the "regulations"), which the applicant agrees shall be binding in all transactions in connection with this application. Applicant also agrees that any amendment or modification of the rules and regulations shall be binding in all transactions approved by the Administration after the date of publication of such amendment or modification in the FEDERAL REGISTER.

In order to induce the Administration to act favorably on this application, the applicant submits in support thereof the following information:

A. As to the applicant: Its citizenship and affiliations

1. Exact name.

2. Form or type or organization.

3. State or other sovereign power under the laws of which organized.

4. Address of principal executive offices and of important branch offices, if any.

5. A brief description of (a) the shipping business of the applicant; and (b) any other business activities of the applicant during the preceding eight years. If within such period the applicant has acquired the business of another person or has been reorganized, there should be included a brief description of such acquisition or reorganization.

6. A list of (a) all subsidiaries, (b) parent company, and (c) all other affiliated interests of the applicant, together with an indication of the nature and extent of the business transacted for the past eight years by each. This information may be furnished in the form of a chart, indicating clearly the relationships between the persons named, and the nature and extent of control.

7. The following information with respect to each officer and director of the applicant: name and address, office, nationality, capital shares owned.1

8. Applicant represents that he is a citizen of If applicant claims United States citizenship, attach to the three originals of the application affidavits of United States citizenship in form prescribed by the Administration.

If applicant claims citizenship other than United States citizenship, there should be furnished an affidavit setting forth the facts upon which such claim is based.

1 If applicant has more than one class of stock, the information requested must be furnished for each class of stock.

36-104-70--20

In all cases the Administration reserves the right to require such additional information with regard to citizenship which may be necessary to determine the eligibility of applicant under the Act.

B. As to the management of the applicant 2

9. A brief description of the principal business activities during the past eight years of each director and each principal executive officer of the applicant, if requested.

10. The name and address of each other organization engaged in shipping activities with which any person named in answer to the preceding item has any present substantial business connection, the name of such person and, briefly, the nature of such connection, if requested.

11. The name and address of any person who is now acting or within the past eight years has acted as managing or operating agent of the applicant or in any similar capacity and, briefly, the general terms of any agreement with reference thereto, if requested.

C. As to the war-built vessels

12. Applicant offers to purchase, at the statutory sales price(s), as determined by the Administration, the war-built vessel(s) designated in items 13 and 14, or the alternative vessels designated in item 15.

13. If specific vessels are applied for, as distinguished from any one or more of a given type, the names of the vessels must be given under this item.

14. If applicant is willing to accept any one or more vessel(s) of a given type or designation, as distinguished from particular vessels, the type or designation of the vessels desired should be set forth as follows: vessel(s) of

Type

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for any reason such vessel (s) cannot be sold to the applicant. Applicant may state as many as three alternative lists of vessels, provided it clearly indicates its order or preference with respect to them.3

D. Terms and conditions of sales

16. If the application is approved by the Administration, the applicant agrees to execute a contract of sale in form prescribed by the Administration. State what portion of the purchase price (not less than 25 percent of the statutory sales price)' applicant agrees 17. Furnish full details as to the manner in which the applicant proposes to obtain the amount needed to defray the purchase price of the vessel (s) (that is, at least 25 percent of the purchase price). The applicant should also furnish full details of any proposed security issue, including names of underwriters.

18. If this application is approved by the Administration, state whether or not applicant intends to apply to the Administration, pursuant to section 9 or section 37 of the Shipping Act of 1916, for approval to transfer or place under foreign registry or flag the vessel(s) referred to above after applicant has purchased them. If applicant intends to apply for such approval, state to what foreign registry or flag.

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F. Supplemental information ›

21. A brief description of the general character and location of the principal property of the applicant, other than vessels, employed in its business.

22. (a) A list of vessels owned by the applicant, including (1) name; (2) gross tonnage; (3) net tonnage: (4) deadweight tonnage; (5) bale capacities; (6) year built; (7) type; (8) speed; (9) registry; and (10) identification of route or service on which operated.

(b) Information similar to that specified in (a) as to any vessels chartered to and operated by the applicant.

23. Briefly, the general terms of each charter for operation (a) of vessels owned by the applicant and chartered by it to other persons, and (b) of vessels chartered by the applicant from other persons.

24. Full details concerning the services, routes, or lines on which vessels owned or chartered by the applicant are now operated, including ports of call, terminal and dock facilities at all such ports, frequency of sailings per year, description of services and voyages, and names of vessels segregated according to services, routes, or lines.

25. Type and kind of cargo now carried in the trade served as stated in the answer to item 24, information as to how the service or line may be developed for carrying additional types and kinds of cargo, and any factors influencing cargo expectations for the future. If the war-built vessel is to be a combination passenger and freight vessel, state also, by classes, the passenger accommodations and the number of passengers carried and any factors influencing traffic expectations for the future.

26. Information similar to that called for by the two preceding items with respect to any new service, route, or line which the applicant proposes presently to establish.

27. Identification of the service, route, or line described in answer to item 24 or item 26, on which the applicant propose to operate the war-built vessel, brief description of passenger accommodations, and statement of type and kind of cargo to be carried by the war-built vessel. Any special requirements of such service, route, or line and the manner in which they may be met by the use of the war-built vessel should be discussed briefly. Any changes in existing services, routes, or lines which the applicant proposes to make in connection with the use of the war-built vessel should also be indicated.

28. A statement as to whether or not the war-built vessel is to be used to replace a vessel now operated by the applicant and, if so, the name of such vessel and the pro

'Questions under F are optional for applicants who are citizens of the United States unless such applicants request mortgage aid or request reconversion of the vessel(s) pursuant to § 299.7 of the regulations.

posed disposition to be made of it by the applicant.

G. As to exhibits furnished

29. A list of exhibits, properly identified, which shall include at the time of original filing, the following:

Exhibit I-A copy of the Certificate of Incorporation of the application or other organization papers, including all amendments thereto presently in effect.

Exhibit II-A copy of the by-laws or other governing instruments of the applicant, including all amendments thereto presently in effect.

Exhibit III-A copy of (1) balance sheet as of the end of a calendar month (except in instances where the fiscal year of the applicant ends on some other day) within not more than six months and not less than one month (except in instances where the applicant was established more recently) of the date of the filing of the application (or amendment thereto changing the type or number of vessels applied for) with the Commission; (2) a brief statement of the nature of any substantial changes in the financial conditions of the applicant or the results of its operations since the date of the balance sheet required hereunder, and (3) profit and loss statements for each year (or other accounting period) beginning with the fiscal year ended in 1939 and ending with the date of the balance sheet.

If during the period covered by such profit and loss statements, the applicant succeeded to the business and assets of another person, the statements furnished should reflect the operations of such predecessor or predecessors for that part of such period preceding the date of acquisition."

Exhibit IV-A copy (specimen if available) of each form of bonds or notes included in the funded debt of the applicant and a copy of each indenture or other instrument under which such securities were issued, including all amendments thereto presently in effect." CORPORATE SEAL]

Attest:

By

(Name of applicant) (President)

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§ 299.126 Application for determination of allowance of credit for exchange of old vessel.

The form of such application shall be substantially as follows:

APPLICATION FOR DETERMINATION OF ALLOWANCE OF CREDIT ON PURCHASE PRICE OF VESSEL

For exchange of old vessel owned by a citizen of

The undersigned requests the Maritime Administration to determine the allowance of credit it will make on the purchase price of the vessel or vessels described in item 8 hereof (herein called the "Administration vessel(s)"), for title to the vessel or vessels described in item 3 hereof (herein called the "old vessel(s)"), in accordance with the provisions of the Merchant Ship Sales Act of 1946, Public Law 321, 79th Cong., 2d Sess., approved March 8, 1946 (herein called the "Act"), and the rules and regulations prescribed by the Maritime Administration (or the United States Maritime Commission) (herein called the "Administration"), §§ 299.1 to 299.207 inclusive, of General Order 60, published in the FEDERAL REGISTER (herein called the "regulations"), which the applicant agrees shall be binding in all transactions in connection with this application. Applicant also agrees that any amendment or modification of the rules and regulations shall be binding in all transactions approved by the Administration after the date of publication of such amendment or modification in the FEDERAL REGISTER.

A. General

1. The applicant is a corporation duly organized and existing under the laws of the State of

2. (a) The applicant is a citizen of

1

(b) If applicant is a foreign corporation, state whether controlling interest is owned by a citizen or citizens of the United States

If the applicant is a citizen of the United States, insert "the United States within the meaning of section 2 of the Shipping Act, 1916, as amended, and section 905 (c) of the Merchant Marine Act, 1936, as amended, and agrees that if the Administration shall take favorable action upon this application, it will furnish promptly, but in any event prior to the acquisition by the Administration of the old vessel. proof satisfactory to the Administration of such citizenship." If the applicant is not a citizen of the United States, insert the name of the country of which applicant is a citizen.

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With respect to United States citizens who own the controlling interest in a foreign corporation, proof satisfactory to the Administration of such citizenship and such control will be required if the Administration takes favorable action on this application.

3 If any vessel listed under Item 3 has been built in a foreign shipyard, state whether such vessel is presently entitled to the privilege of engaging in domestic trade and the date when such privilege was acquired.

1 A. Transfer to applicant. If the vessels were acquired by the applicant otherwise than through cash payment in full therefor, or were acquired for cash, or otherwise. from a transferor in any way affiliated or associated with the applicant, full information shall be given with respect to the following: (1) From whom acquired: (2) terms of sale, cash or otherwise, to applicant; (3) cost, cash or otherwise, to affiliate or associate; (4) details of betterments (nature and cost) made by applicant, and such affiliate or associate; (5) details of any book appreciation and reasons therefore; (6) the affiliation or association, existing between the applicant and the transferor as of the time of the acquisition of the vessels by Applicant and as of the time of this application.

B. Prior transfers. If any prior owner of the vessels, other than the immediate transferor to the applicant, was at any time during the period of such ownership, or is, at the time of this application, in any way associated or affiliated with the applicant, full information shall be given with respect to each such prior ownership, as follows: (1)

(0) When reconstructed or reconditioned ______ (p) Name and location of shipyard(s) performing work.

(q) Cost of such reconstruction or reconditioning

(r) Detailed description of the nature of such reconstruction or reconditioning'

(s) Transcript of depreciation schedule filled with last federal income tax return

4. If the old vessel(s) listed in item 3 is or has been subject to any agreement with the United States which contains a valuation of the vessel(s) for purposes of just compensation, insurance value or other purposes, identify the agreement and list here the amounts specified.

5. There are attached hereto and made a part of this application, schedules designated 5 (a) to 5 (z), inclusive, with respect to each of the vessels listed in item 3 hereof.

the following information with respect thereto: (Please repeat headings in filling out schedules).

(a) Type of vessel (b) Class.

name of prior owner; (2) from whom acquired by such prior owner; (3) cost and other terms of sale, cash or otherwise, to such prior owner; (4) to whom transferred by such prior owner; (5) price and other terms of sale, cash or otherwise, to the transferor from such prior owner: (6) details of betterments (nature and cost) made by such prior owner: (7) details of any book appreciation made by such prior owner and reasons therefor; (8) the affiliation and association between such prior owner with the applicant and with the transferor to such prior owner, existing at the time of acquisition of the vessel by said prior owner and at the time of this application.

C. Schedules. The information required pursuant to items A and B above, should be furnished for each vessel in the form of schedules designated 3 (a), 3 (b), etc., and attached to this application.

As to Items (o) to (r) inclusive, state separately, and in detail, as far as possible, work done by or for the account of the United States.

• This should be the last port of discharge within the continental limits of the United States on the route in which the vessel is to be operated, and the time of delivery should be approximately the date on which it is expected that the vessel (s) replacing such old vessel(s) will be delivered to the applicant. In no case will the physical delivery of the old vessel be postponed beyond the termination date of the voyage in progress at the time the vessel was delivered.

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