25936 Federal Register / Vol. 61, No. 101 / Thursday, May 23, 1996 / Notices

D.C. 20590. Send comments regarding

whether this information collection is

necessary for proper performance of the

function of the agency and will have

practical utility, accuracy of the burden

estimates, ways to minimize this

burden, and ways to enhance quality,

utility, and clarity of the information to

be collected.

By Order of the Maritime Administrator.

Joel C. Richard,

Secretary.

[FR Doc. 96–12879 Filed 5–22–96; 8:45 am]

BILLING CODE 4910–81–P

[Docket S–937]

American President Lines, Ltd.; Notice

of Application for Amendment of

Existing Waiver of Section 804(a) of

the Merchant Marine Act, 1936, as

Amended

American President Lines, Ltd. (APL),

by application dated May 9, 1996,

requests a change in an existing waiver

of the provisions of section 804(a) of the

Merchant Marine Act, 1936, as

amended, for foreign-flag operations of

APL, under Operating-Differential

Subsidy Agreement, Contract MA/MSB–

417.

APL has authority, under a previous

section 804 waiver, dated August 10,

1994, to charter slots on Transportacion

Maritima Mexicana S.A. de C.V. (TMM)

vessels that serve between Mexico,

California and the Far East. While the

preponderant use by APL of those slots

has been for Mexico-Far East cargoes,

APL has been using its allocation of

slots on TMM vessels to carry a small

volume of U.S. commerce cargo between

California and the Far East, pursuant to

the 804 waiver.

In its May 9, 1996, application, APL

states that TMM is in the process of

restructuring its Far East service to add

larger and faster ships, a result that

significantly increases the capacity of

the service. The new service, which

TMM has already commenced, will be

operated with six vessels with an

effective capacity of up to 2,800 TEUs

on an itinerary Mazanillo-San PedroYkohama-Kobe-Hong Kong-KoahsiungKobe-Yokohama-San Pedro-Manzanillo.

APL states that due to the increased

TMM vessel capacity, it is applying for

an amendment to its August 10, 1994,

waiver to increase from 50 FEU to 195

FEU, both inbound and outbound, the

number of weekly slots on the TMM

vessels that APL may use for the

carriage of U.S. commerce cargo.

APL indicates that its primary focus

in a slot charter arrangement with TMM

has been and continues to be the

Mexico-Asia market. APL points out

that direct service to Mexico ports is a

far more efficient and less costly way for

APL to serve the Mexico-Asia market

than intermodally by a combination of

all-water service between California and

Asia and relay overland service between

California and Mexico. However, APL

states that the Mexico/Asia market is

not large enough for APL to dedicate its

own vessels to that trade. Accordingly,

APL asserts that the charter of slots on

TMM vessels is a necessary vehicle for

APL to provide direct all-water service

to the Mexico market.

This application may be inspected in

the Office of the Secretary, Maritime

Administration. Any person, firm, or

corporation having any interest in such

request within the meaning of section

804 of the Act and desiring to submit

comments concerning the application

must file written comments in triplicate

with the Secretary, Maritime

Administration, Room 7210, 400

Seventh Street SW., Washington, DC

20590. Comments must be received no

later than 5:00 p.m. on May 30, 1996.

This notice is published as a matter of

discretion and publication should in no

way be considered a favorable or

unfavorable decision on the application,

as filed or as may be amended. The

Maritime Administrator will consider

any comments submitted and take such

action with respect thereto as may be

deemed appropriate.

(Catalog of Federal Domestic Assistance

Program No. 20.804 (Operating-Differential

Subsidies))

By Order of the Maritime Administrator.

Dated: May 16, 1996.

Joel C. Richard,

Secretary, Maritime Administration.

[FR Doc. 96–12878 Filed 5–22–96; 8:45 am]

BILLING CODE 4910–81–P

War Risk Insurance

The Office of Inspector General of the

Department of Transportation

conducted an audit of the Maritime

Administration’s (MARAD) Financial

Statement as of September 30, 1994

(Report No: AD–MA–5–006). Section II:

AUDIT REPORT stated that MARAD

needed to clarify the participating

shipowners’ responsibility for losses

under the Title XII war risk interim

binder program. MARAD had not

specifically stated in program

documents that losses incurred during

the 30 day binder period would be fully

recovered through the premiums

assessed to participating shipowners.

The purpose of this Notice is to clarify

the arrangements for the funding of

losses under the binder program, if and

when it is ever activated. It remains the

intent of this program that all losses will

be paid through the assessment of

premiums to the shipowners enrolled in

the program. Rates will be fixed

promptly upon the activation of the

program. Should there be any claims

and any shortfall in the Title XII War

Risk Insurance Fund, additional

premiums would be assessed to enrolled

shipowners on a mutual basis. Such

assessments will be based on this

formula: Each participating shipowner’s

values for its vessels (numerator) over

total stated values for all vessels

(denominator) times the shortfall. This

assessment procedure will be

incorporated on revised Form MA–942,

which may be obtained from MARAD or

from the American War Risk Agency,

which is incorporated by reference in 46

CFR 308.3(a), as revised (61 FR 1130;

Jan. 16, 1996). For further information

contact: Edmond J. Fitzgerald, Director,

Office of Subsidy and Insurance,

Maritime Administration, Washington,

DC 20590 or telephone (202) 366–2400.

By order of the Maritime Administrator.

Dated: May 16, 1996.

Joel C. Richard,

Secretary.

[FR Doc. 96–13037 Filed 5–22–96; 8:45 am]

BILLING CODE 4910–81–P

DEPARTMENT OF THE TREASURY

Fiscal Service

[Dept. Cir. 570, 1995—Rev., Supp. No. 15]

Surety Companies Acceptable on

Federal Bonds; Change of Name;

Prudential Reinsurance Co.

Prudential Reinsurance Company, a

Delaware corporation, has formally

changed its name to Everest

Reinsurance Company, effective April 2,

1996. The Company was last listed as an

acceptable surety on Federal bonds at 60

FR 34446, June 30, 1995.

A Certificate of Authority as an

acceptable surety on Federal bonds,

dated today, is hereby issued under

sections 9304 to 9308 to Title 31 of the

United States Code, to Everest

Reinsurance Company, Dover,

Delaware. This new certificate replaces

the Certificate of Authority issued to the

Company under its former name. The

underwriting limitation of $44,245,000

established for the Company as of July

1, 1995, remains unchanged until June

30, 1996.

Cerificates of Authority expire on

June 30, each year, unless revoked prior

to that dated. The Certificates are

subject to subsequent annual renewal as