This law permits the Marine Exchange of Los Angeles-Long Beach Harbor, Inc. to run a vessel traffic service (VTS) for certain waters near Los Angeles. The service is overseen by the United States Coast Guard and covers a specific area known as the VTS area, which includes the waters within 25 nautical miles of Point Fermin Light, such as San Pedro Bay, San Pedro Channel, and Santa Monica Bay.

This section defines what a "covered vessel" is for specific regulations. It includes power-driven vessels that are 40 meters or longer, towing vessels that are 8 meters or longer, and vessels certified to carry 50 or more passengers for hire when they are in operation.

Before entering a Vessel Traffic Service (VTS) area, ships need to tell a marine exchange their name, call sign, location, direction, speed, destination, arrival time, and any issues with how the ship is working or being steered. While moving through a VTS area, ships must also follow additional rules listed in another section.

This law allows the Ports of Los Angeles and Long Beach to charge fees to ships within their Vessel Traffic Service (VTS) area. The money collected from these fees is used to cover the costs of running the vessel traffic service.

The law outlines which vessels must follow specific rules while passing through a designated Vessel Traffic Service (VTS) area. It applies to power-driven boats that are at least 20 meters long, boats weighing 100 gross tons or more that carry paying passengers, and all dredges and floating plants.

This law requires certain vessels in specific areas to keep in touch with the local marine traffic service. They must constantly monitor the dedicated radio channel and be ready to respond if contacted. Communication with the marine service should be in English. Additionally, vessels need to follow the marine traffic service's guidelines, as long as they don't clash with other laws or local safety plans for Los Angeles and Long Beach Harbors.

This law section explains that vessel traffic services provide guidance but don’t take over control of a ship. Ship owners and operators still have their usual responsibilities for navigating and operating their vessels safely. Ships must follow the International Regulations for Preventing Collisions at Sea along with other relevant rules when they are in the vessel traffic service area.

This law establishes that the marine exchange, which manages vessel traffic services within a specific area, acts as an agent for all vessels it services. This means that vessels cannot hold the marine exchange or its personnel responsible for any damage or loss related to their services, even if there's negligence involved. However, ships must protect and compensate the marine exchange for any claims connected to their service. Despite these protections, the marine exchange cannot avoid responsibility for major negligence or intentional wrongdoing.

This section explains that the marine exchange and its leaders are governed by specific corporate guidelines if they fit certain criteria. It also makes clear that the marine exchange and its people are not considered 'responsible parties' for oil spill prevention and response under certain California laws.

This law section requires the marine exchange to work closely with a state-appointed administrator in setting up a vessel traffic service (VTS) for monitoring ship movements. Once the Coast Guard starts running a fully funded VTS in the Los Angeles/Long Beach area, the marine exchange will no longer have permission to run its own service.

This law is about managing the vessel traffic service at Los Angeles and Long Beach harbors. The marine exchange must submit a report on the vessel traffic system when asked by the administrator. After a public hearing, the administrator checks if the system matches safety plans. If it doesn’t, they order changes to fix any issues. If the marine exchange doesn’t follow through within six months, the administrator can fine them or revoke their authorization. If authorization is revoked, the administrator will quickly set up a new vessel traffic service, possibly charging fees to vessels or ports to cover costs.