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46 CFR §565.5 — Exceptions.

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
All controlled carriers shall be subject to provisions of this part and section 9 of the Shipping Act of 1984 (46 U.S.C. 40701-40706) except those which meet the following exceptions:
  1. (a)When the vessels of the controlling state are entitled by a treaty of the United States to receive national or most-favored-nation treatment; or
  2. (b)When the controlled carrier operates in a trade served exclusively by controlled carriers.