A bill to amend section 510 of the Merchant Marine Act, 1936.
PL 93-605 (H.R.12427), enacted 01/02/1975

88 STAT. ] 
PUBLIC LAW 93-605-JAN. 2, 1975 
1965 
amended by deleting the word "annually" therefrom. 
AMENDMENT WITH RESPECT TO AUDIT OF THE GOVERNMENT PRINTING 
OFFICE 
SEC. 707. The third sentence of subsection 309(c) of title 44 of the 
United States Code is amended to read as follows: "The Comptroller cfn"'^es's^ind 
General shall audit the activities of the Government Printing Office PubUc Printer. 
at least once in every three years and shall furnish reports of such 
audits to the Congress and the Public Printer.". 
TITLE VIII—LIMITATION OF TIME ON CLAIMS AND 
DEMANDS 
SEC. 801. Section 1 of the Act of October 9, 1940 (54 Stat. 1061, 
ch. 788), is amended by deleting the phrase "10 full years" and sub- 
^^ "sc 71 a. 
stituting "6 years" therefor. 
SEC. 802. The amendment provided for in section 801 shall go into 
Effective date. 
effect 6 months after the date of enactment and will have no effect on 
claims received in the General Accounting Office before that time. 
Approved January 2, 1975. 
Public Law 93-605 
A N A C T 
January 2, 1975 
To amend section 510 of the Merchant Marine Act, 1936. 
[H.R. 12427] 
note. 
Vessels. 
Exchange. 
46 use 1191 
Be it enacted hy the Senate and House of Repi^esentatwes of the 
United States of Atnenca in Congress assemhled^ That subsection 510 
(i) of the Merchant Marine Act, 1936 (46 U.S.C. 1160(i)) is amended 
to read as follows: 
"(i) The Secretary of Commerce is authorized, within two years 
after enactment of this subsection, to acquire mariner class vessels 
constructed under title VII of this Act and Public Law 911, Eighty-
first Congress, in exchange for obsolete vessels in the National Defense 
^^ ^*'''' ^22^' 
Reserve Fleet that are scheduled for scrapping. For purposes of this 
subsection, the traded-in and traded-out vessels shall be valued at the 
higher of their scrap value in domestic or foreign markets as of the 
date of the exchange: Provided^ That in any exchange transactions 
the value assigned to the traded-in and traded-out vessels will be 
determined on the same basis. The value of the traded-out vessel shall 
be as nearly as possible equal to the value of the traded-in vessel plus 
the fair value of the cost of towing the traded-out vessel to the place 
of scrapping. To the extent the value of the traded-out vessel exceeds 
the value of the traded-in vessel plus the fair value of the cost of tow-
ing, the owner of the traded-in vessel shall pay the excess to the Secre-
tary of Commerce in cash at the time of the excliange. This excess shall . vessel opera-
be deposited into the Vessel Operations Revolving Fund and all costs F°nd. ^^° ^ "^ 
incident to the lay-up of vessels acquired under this xlct may be paid 
from balances in the Fund. No payments shall be made by the Secre-
tary of Commerce to the owner of any traded-in vessel in connection 
with any exchange under this subsection. Notwithstanding the pro-
visions of sections 9 and 37 of the Shipping Act, 1961, vessels traded '^^ "^"^ ^°^' 
out under this subsection may be scrapped in approved foreign mar-
kets. The provision of this subsection (i) as it read prior to this 
amendment shall govern all transactions made thereunder prior to 
this amendment.". 
1966 
PUBUC LAW 93-606-JAN. 2, 1975 
[88 
STAT. 
46 u s e 804. 
46 u s e 804 
note. 
Rules and 
regulations. 
SEC. 2. (a) The Shipping Act, 1916, as amended (46U.S.C. 801-842), 
is amended by inserting a new section 3 to read as follows: 
"SEC. 3. Notwithstanding part III of the Interstate Commerce Act, 
as amended (49 IJ.S.C. 901 et seq.), or any other provision of law, 
rates and charges for the barging and affreighting of containers or 
containerized cargo by barge between points in the United States, 
shall be filed solely with the Federal Maritime Commission in accord-
ance with rules and regulations promulgated by the Commission where 
(a) the cargo is moving between a point in a foreign country or a non-
contiguous State, territory, or possession and a point in the United 
States, (b) the transportation by barge between points in the United 
States is furnished by a terminal operator as a service substitute in 
lieu of a direct vessel call by the common carrier by water transporting 
the containei-s or containerized cargo under a through bill of lading, 
(c) such terminal operator is a Pacific Slope State, municipality, or 
other public body or agency subject to the jurisdiction of the Federal 
Maritime Commission, and the only one furnishing the particular 
circumscribed barge service in question as of the date of enactment 
hereof, and (d) such terminal operator is in compliance with the rules 
and regulations of the Federal Maritime Commission for the opera-
tion of such barge service. The terminal operator providing such 
services shall be subject to the provisions of the Shipping Act, 1916.". 
(b) Within one hundred and twenty days after enactment of this 
Act, the Federal Maritime Commission shall promulgate rules and 
regulations for the barge operations described in the amendment made 
by the first section of this Act. Such rules shall provide that the rates 
charged shall be based upon factors normally considered by a regular 
commercial operator in the same service. 
Approved January 2, 1975. 
January 2, 1975 
[H.R. 13022] 
Public Law 93-606 
AN A C T 
To amend the Act of September 2, 1960, as amended, so as to authorize different 
minimum grade standards for paclcages of grapes and plums exported to 
different destinations. 
Grapes and 
plums. 
7 u s e 591. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assemhled^ That section 1 of 
the Act of September 2, 1960, as amended (74 Stat. 734), is amended 
by inserting in the first sentence thereof "and destination'' immedi-
ately following the words "such variety'- and "to such destination" 
at the end of such sentence. 
Approved January 2, 1975. 
January 2, 1975 
[H. R.14600] 
Public Law 93-607 
AN ACT 
To increase the borrowing authority of the Panama Canal Company and revise 
the method of computing interest thereon. 
Panama eanal 
Company. 
Borrowing au-
thority, increase. 
Interest rate. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 71 of 
title 2 of the Canal Zone Code is amended as follows: 
(1) By striking out from the first sentence "$10,000,000" and insert-
ing in lieu thereof "$40,000,000". 
(2) By striking out the third sentence and inserting in lieu thereof 
"Such notes or other obligations shall bear interest at a rate deter-
mined by the Secretary of the Treasury, taking into consideration the