46 CFR § 540.3 - Proof of financial responsibility, when required.

---
identifier: "/us/cfr/t46/s540.3"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "46 CFR § 540.3 - Proof of financial responsibility, when required."
title_number: 46
title_name: "Shipping"
section_number: "540.3"
section_name: "Proof of financial responsibility, when required."
chapter_name: "FEDERAL MARITIME COMMISSION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AFFECTING OCEAN SHIPPING IN FOREIGN COMMERCE"
part_number: "540"
part_name: "PASSENGER VESSEL FINANCIAL RESPONSIBILITY"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 552, 553; 31 U.S.C. 9701; 46 U.S.C., 44101-44106, 46105."
regulatory_source: "49 FR 36313, Sept. 14, 1984, unless otherwise noted."
cfr_part: "540"
---


# 540.3 Proof of financial responsibility, when required.

No person in the United States may arrange, offer, advertise or provide passage on a vessel unless a Certificate (Performance) has been issued to or covers such person.