46 U.S.C. § 56501 — Definition

submitted 20 years ago by Pub. L. 109-304 to r/title-46-SHIPPING · 67 words · no verdicts yet

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A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

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.

Source credit: (Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1656.)

history & why it existsrecord from the source credit

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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