---identifier: "/us/cfr/t46/s309.3"source: "ecfr"legal_status: "authoritative_unofficial"title: "46 CFR § 309.3 - Stated valuation."title_number: 46title_name: "Shipping"section_number: "309.3"section_name: "Stated valuation."chapter_name: "MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION"subchapter_number: "G"subchapter_name: "EMERGENCY OPERATIONS"part_number: "309"part_name: "VALUES FOR WAR RISK INSURANCE"positive_law: falsecurrency: "2026-04-05"last_updated: "2026-04-05"format_version: "1.1.0"generator: "[email protected]"authority: "Secs. 204, 1209, Merchant Marine Act, 1936, as amended (46 U.S.C. 1114, 1289); Reorganization Plans No. 21 of 1950 (64 Stat. 1273), No. 7 of 1961 (75 Stat. 840) as amended by Pub. L. 91-469 (84 Stat. 1036); Department of Commerce Organization Order 10-8 (38 FR 19707, July 23, 1973); Maritime Administrative Order 440-3 (December 6, 1973)."regulatory_source: "39 FR 30487, Aug. 23, 1974, unless otherwise noted."cfr_part: "309"---
Identifier
/us/cfr/t46/s309.3
Currency
2026-04-05
Positive Law
No
Updated
2026-04-05
Chapter
Maritime Administration, Department of Transportation
Authority
Secs. 204, 1209, Merchant Marine Act, 1936, as amended (46 U.S.C. 1114, 1289); Reorganization Plans No. 21 of 1950 (64 Stat. 1273), No. 7 of 1961 (75 Stat. 840) as amended by Pub. L. 91-469 (84 Stat. ... Secs. 204, 1209, Merchant Marine Act, 1936, as amended (46 U.S.C. 1114, 1289); Reorganization Plans No. 21 of 1950 (64 Stat. 1273), No. 7 of 1961 (75 Stat. 840) as amended by Pub. L. 91-469 (84 Stat. 1036); Department of Commerce Organization Order 10-8 (38 FR 19707, July 23, 1973); Maritime Administrative Order 440-3 (December 6, 1973).
# 309.3 Stated valuation.A stated valuation represents just compensation for the vessel to which it applies computed by the Ship Valuation Committee in accordance with sections 902(a) and 1209(a)(2) of the Merchant Marine Act, 1936, as amended (46 U.S.C. 1242(a), 1289(a)(2)). The stated valuation of a vessel does not include vessel stores and supplies, which consist of (a) consumable stores, (b) subsistence stores, (c) slop chest, (d) bar stock, and (e) fuel, as defined in Maritime Administration Inventory Book Forms MA-4736, A through K, which will be valued separately.