(a)  Considerations.⁠—In deciding whether to award a charter to a bidder, the Secretary of Transportation shall consider⁠—

(1)  the bidder’s financial resources, credit standing, and practical experience in operating vessels; and

(2)  other factors a prudent business person would consider in entering into a transaction involving a large capital investment.

(b)  Disqualifications.⁠—The Secretary may not charter a vessel to a person appearing to lack sufficient capital, credit, and experience to operate the vessel successfully over the period covered by the charter.