46 U.S.C. § 57304 — Eligible acquisition dates

FEDERAL · 46 U.S.C. · Chapter 573

Eligible acquisition dates

Current through Pub. L. 119-102

Title 46 — Shipping·Ch. 573 — VESSEL TRADE-IN PROGRAM

At the option of the owner, the acquisition of an obsolete vessel under this chapter shall occur—

(1)when the owner contracts for the construction or purchase of a new vessel; or

(2)within 5 days of the actual date of delivery of the new vessel to the owner.

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46 U.S.C. § 57304 (Eligible acquisition dates) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1662.)

The words "At the option of the owner" are substituted for "if the owner so requests" for clarity.