Each license remains in effect indefinitely subject to the following:
(a) If it is suspended or revoked by MARAD;
(b) If it is surrendered by the owner; or
(c) As otherwise provided by condition of the license.
authority: 33 U.S.C. 1504; Department of Homeland Security Delegation No. 0170.1 (75)
source: USCG-1998-3884, 71 FR 57651, Sept. 29, 2006, unless otherwise noted.
cite as: 33 CFR 148.310