148.315—How is a license amended, transferred, or reinstated?
        
        (a) 
         MARAD may amend, transfer, or reinstate a license if it finds that the amendment, transfer, or reinstatement is consistent with the requirements of the Act and this subchapter.
    
    
        
        (b) 
         The owner must submit a request for an amendment, transfer, or reinstatement to the Commandant (CG-5) or the MARAD Administrator.