Maritime War Risk Insurance
To provide war risk insurance to U.S.-flag and foreign vessels whenever it appears to the Secretary of Transportation that adequate insurance for waterborne commerce cannot be obtained on reasonable terms and conditions from commercial companies.
General information about this opportunity
Last Known Status
Maritime Administration, Department of Transportation
Type(s) of Assistance Offered
G - Insurance
Merchant Marine Act of 1936, Public Law 110-417, 46 U.S.C. 539, Statute U.S.C,
Who is eligible to apply/benefit from this assistance?
All U.S. flag vessels, and certain foreign flag vessels meeting specific criteria as determined by the Maritime Administrator.
Covered beneficiaries include vessel owners, third party liabilities, merchant mariners, and certain designated beneficiaries of deceased mariners.
Applications, vessel data, unqualified contract of commitment, and other supporting data as required by 46 CFR Part 308.
What is the process for applying and being award this assistance?
Preapplication coordination is not applicable.
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Complete and proper filing of applications, supporting documents, and payment of appropriate binding fees or promises as specified in 46 CFR Part 308.
Binders issued only to those applicants that qualify.
Approval/Disapproval Decision Time
From 5 to 15 working days.
This program has been extended until December 31, 2019.
How are proposals selected?
How may assistance be used?
Insurance binders or policies on certain vessels in operation or under construction are provided for nominal cost in times of peace, conflict, and national security purposes.
What are the requirements after being awarded this opportunity?
Not applicable in peacetime.
Other Assistance Considerations
Formula and Matching Requirements
Statutory formula is not applicable to this assistance listing.
Matching requirements are not applicable to this assistance listing.
MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
Indeterminate; depends on war situation and posture of the country. Method of awarding/releasing assistance: Letter.
Who do I contact about this opportunity?
Regional or Local Office
Office of Marine Insurance
1200 New Jersey Avenue, SE
Washington, District of Columbia 20590
Washington, DC 20590 US
(Insurance) FY 18$100,000.00; FY 19 est $100,000.00; FY 20 est $100,000.00; -
Range and Average of Financial Assistance
Applicable only in designated combat areas, subject to terms of the binder.
Regulations, Guidelines and Literature
Rules and Regulations are set forth under 46 CFR 308 (as published under authority of Public Law 101-115) and 309 as amended from time to time in the Federal Register.
Examples of Funded Projects