To eliminate foreign shipbuilding subsidy practices and to enhance the competitiveness of the United States merchant marine.

[AI summary unavailable — showing source text] Title I: Fair Trade for the Commercial Shipbuilding and Repair Industry - Subtitle A: Subsidized Shipyard List and Required Vessel Entry Documentation Regarding Construction and Repair Subsidies - Shipbuilding Trade Reform Act of 1992 - Directs the Secretary of Commerce to maintain a list of all foreign shipyards that receive or benefit from, directly or indirectly, a subsidy for the construction or repair of vessels. Requires a vessel master to deposit with appropriate customs officers a construction subsidy certification for the vessel at the time of making formal entry under the Tariff Act of 1930. Requires the master at, or before, the time of formal entry, to deposit with such customs officer a subsidy declaration for repairs made to such vessel since the last time it entered the United States. Subtitle B: Treatment of Vessels Under the Countervailing and Antidumping Duty Laws - Amends the Tariff Act of 1930 to establish special rules in applying countervailing and antidumping laws to foreign-made vessels. Title II: Contingency Retainer Fleet Program - Maritime Reform Act of 1992 - Amends the Merchant Marine Act, 1936 to direct the Secretary of Transportation to encourage the …