MARAD Seeks to Reestablish VTA

MARAD Seeks to Reestablish Voluntary Tanker Agreement

On November 1, 2019, the Maritime Administration (MARAD) published a notice seeking public comment on its draft Voluntary Tanker Agreement (VTA). After being dormant since 2013, MARAD is seeking to reestablish the VTA under the voluntary agreement authority of the Defense Production Act of 1950 (DPA), to provide the U.S. Transportation Command (USTRANSCOM) with assured access to tanker capacity to meet national defense needs.

The program shares a number of similarities with the successful Voluntary Intermodal Sealift Agreement (VISA), which provides USTRANSCOM with assured access to vessels, intermodal systems and equipment, terminal facilities, and related vessel management services.

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Source: hellenicshippingnews.com

Vessel at sea

Vessel at sea

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