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46 U.S.C. § 56501 - U.S. Code - Unannotated Title 46. Shipping § 56501. Definition

Current as of January 01, 2024 | Updated by FindLaw Staff

In this chapter, the term “essential vessel” means a vessel that is--

(1)(A) security for a mortgage indebtedness to the United States Government; or

(B) constructed under this subtitle or required by a contract under this subtitle to be operated on a certain essential foreign trade route; and

(2) necessary in the interests of commerce and national defense to be maintained in condition for prompt use.

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Cite this article: FindLaw.com - 46 U.S.C. § 56501 - U.S. Code - Unannotated Title 46. Shipping § 56501. Definition - last updated January 01, 2024 | https://codes.findlaw.com/us/title-46-shipping/46-usc-sect-56501/

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