46 CFR § 308.514 - Return premium.
---
identifier: "/us/cfr/t46/s308.514"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "46 CFR § 308.514 - Return premium."
title_number: 46
title_name: "Shipping"
section_number: "308.514"
section_name: "Return premium."
chapter_name: "MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION"
subchapter_number: "G"
subchapter_name: "EMERGENCY OPERATIONS"
part_number: "308"
part_name: "WAR RISK INSURANCE"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
regulatory_source: "79 FR 17898, Mar. 31, 2014, unless otherwise noted."
cfr_part: "308"
---
# 308.514 Return premium.
No premium will be returned to the assured with respect to a shipment of goods that attached under the policy except where there was a declaration of value at variance with Clause 8, or an error in the application of a rate or in the computation of a premium, or the insured goods were short-shipped. An application for the return of a premium shall be made on Form MA-307, prescribed in § 308.527, filed in duplicate with the Underwriting Agent who will transmit it to the Maritime Administrator for payment.