Chartering of Vessels in the Reserve Fleet and the Use of the Vessel Operations Revolving Fund, Maritime Activities

This decision requests our views on a proposal regarding the chartering of vessels in the reserve fleet and the use of the Vessel Operations Revolving Fund for payment of the expenses incident to putting such vessels in class for charter. Particularly, the request is for our views as to whether the receipts from the payments made by the shipping lines, including the charter fees, may be credited to each fund so as to cover the costs for these vessels which may be incurred within that fund in connection with both their withdrawl from and restoration to the reserve fleet.