The Cargo Preference Act of 1954 GOVERNMENT. (a) The Company may terminate performance (46 U.S.C. 1241(b)) requires that Federal departments and of work under this subcontract in whole or, from time to time, in part agencies shall transport in privately owned U.S.-flag commercial if the Company determines that a termination is in the vessels at least 50 percent of the gross tonnage of equipment, Government's interest. The Company shall terminate by delivering materials, or commodities that may be transported in ocean to the Seller a Notice of Termination specifying the extent of vessels (computed separately for dry bulk carriers, dry cargo liners, termination and the effective date. and tankers). Such transportation shall be accomplished when any (b) After receipt of a Notice of Termination and except as equipment, materials, or commodities, located within or outside the directed by the Company, the Seller shall immediately proceed with United States, that may be transported by ocean vessel are: the following obligations:
