46 U.S.C. § 56501 — Definition

FEDERAL · 46 U.S.C. · Chapter 565

Definition

Current through Pub. L. 119-102

Title 46 — Shipping·Ch. 565 — ESSENTIAL VESSELS AFFECTED BY NEUTRALITY ACT

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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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.

46 U.S.C. § 56501 (Definition) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

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