CFR › Title 33 › Part 148 › §148.31033 CFR §148.310Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗Copy linkEach 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.