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APC, CSX SUBMIT LIST OF UNNECESSARY U.S. MARITIME REGULATIONS

APC, CSX SUBMIT LIST OF UNNECESSARY U.S. MARITIME REGULATIONS
 WASHINGTON, March 19 /PRNewswire/ -- America's two largest container lines have sent Secretary of Transportation Andrew H. Card, Jr., a list of federal regulations that are unnecessarily burdensome and inhibit the ability of the U.S. merchant fleet to compete with foreign carriers.
 The list of regulations -- all of which can be changed without act of Congress -- was submitted to Card by American President Cos. Ltd. (NYSE: APS), the parent of American President Lines, and CSX Corp. (NYSE: CSX), parent of Sea-Land Service Inc. Together, the companies account for 81 percent of U.S. liner container shipments.
 APC and CSX asked that the secretary implement the reforms as part of the regulatory review initiative President Bush announced in his Jan. 28, 1992, State of the Union message. As part of that initiative, the White House asked Card and other department heads to identify and submit a list of federal regulations which should be revised or repealed to make America more competitive.
 APC and CSX have called for the nation's top government leaders to decide whether the United States should support a viable U.S.-flag merchant fleet. If so, broad policy changes, including regulatory relief, are needed across the breadth of government, ranging from tax and defense policies to transportation laws and regulations, according to the companies. Without these changes, they say, economic necessity will force the two carriers to reflag their ships with foreign flags. The submission to Card is a part of the companies' comprehensive effort to ensure that U.S.-flag liner carriers are cost competitive with foreign-flag carriers.
 The list submitted by APC and CSX includes 225 regulations relating to vessel design, equipment, maintenance and operating standards, many of which duplicate standards set by the American Bureau of Shipping (ABS) and similar professional classification societies.
 The professional classification societies have established uniform standards for durability and safety that are accepted by insurance companies worldwide and by the U.S. Coast Guard for foreign-flag ships calling at U.S. ports. To obtain insurance, the carriers must have their vessels certified by one of the societies. However, federal regulations also require the U.S. Coast Guard to make many of the same inspections and to maintain separate, higher standards for U.S.-flag ships exclusively.
 In addition to regulations governing vessel design, equipment, maintenance and operating standards, APC and CSX also asked Card to reaffirm and clarify requirements for the use of privately owned U.S.- flag vessels to transport military preference cargoes. They also called for the liberalization of rules governing the Capital Construction Fund to which ship owners may contribute so those funds can be used to lease, rather than only purchase, new vessels.
 Also, the two carriers urged that the Coast Guard charge user fees only for services requested by operators, and stop charging fees for services that duplicate those already being performed by the ABS and other professional societies. Rather, the carriers suggested, many services currently provided by the Coast Guard could be transferred to the ABS, thereby eliminating duplication.
 Additionally, APC and CSX called for elimination of unnecessary paperwork in the Operating Differential Subsidy program and reform of the Maritime Administration's ship management program.
 -0- 3/19/92
 /CONTACT: Tom Hoppin of CSX Corp., 804-782-1449; Gil Roeder of American President Companies Ltd., 510-272-7702; or Rush Loving Jr., of Loving Associates, 703-684-2100/
 (APS CSX) CO: American President Companies Ltd.; CSX Corporation ST: Virginia IN: TRN SU:


RM -- SF002 -- 9645 03/19/92 11:44 EST
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Date:Mar 19, 1992
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