Where satisfactory proof of financial responsibility has been established:
- (a) A Certificate (Performance) covering specified vessels shall be issued evidencing the Commission's finding of adequate financial responsibility to indemnify passengers for nonperformance of water transportation.
- (b) The period covered by the Certificate (Performance) shall be five (5) years, unless another termination date has been specified thereon.
[78 FR 13278, Feb. 27, 2013]