46 U.S.C. § 12107 — Wrecked vessels
submitted 20 years ago by Pub. L. 109-304 to r/title-46-SHIPPING · 86 words · no verdicts yet
A vessel counts as a "wrecked vessel" if it wrecked on a U.S. coast or nearby waters, and got repaired in a U.S. shipyard for at least three times its salvage value. The Secretary may appoint a three-person board to check the repairs. The vessel's owner pays for that appraisal.
(a) Requirements
A vessel* is a wrecked vessel under this chapter if it:
(1) was wrecked on a coast of the United States or adjacent waters; and
(2) has undergone repairs in a shipyard in the United States equal to at least 3 times the appraised salvage value of the vessel.
(b) Appraisals
The Secretary may appoint a board of three appraisers to determine whether a vessel satisfies subsection (a)(2). The owner of the vessel pays the costs of the appraisal.
A vessel* is a wrecked vessel under this chapter if it—
was wrecked on a coast of the United States or adjacent waters; and
has undergone repairs in a shipyard in the United States equal to at least 3 times the appraised salvage value of the vessel.
The Secretary may appoint a board of three appraisers to determine whether a vessel satisfies subsection (a)(2). The costs of the appraisal shall be paid by the owner of the vessel.
Source credit: (Pub. L. 109–304, § 5, Oct. 6, 2006, 120 Stat. 1494.)
- 2006Enacted · Pub. L. 109-304 · 120 Stat. 1494
A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-304 on 2006-10-06.
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