U.S. Coast Guard Issues New Jones Act Build Guidance
U.S. maritime laws generally referred to as the “Jones Act” restrict U.S. domestic commerce to “U.S.-built” vessels. Because the rules governing what constitutes “U.S.-built” are technical and esoteric, and the consequences of not meeting the standards can be financially catastrophic for the shipyard or vessel owner or both, the U.S. Coast Guard has a regulatory process where it provides advance guidance confirming that a prospective project satisfies the applicable criteria. On October 4, 2017, the Coast Guard issued build determinations for the two Kanaloa-class combination container and roll-on/roll-off vessels to be constructed by the National Steel and Shipbuilding Company (NASSCO). These build determinations have taken on added importance because of the America’s Finest project. click here to read the story 15:04
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