§ 56501. Definition

Latest version.

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.

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

Historical And Revision

Historical and Revision Notes
56501	46 App.:1242a(a).	June 29, 1940, ch. 442, subdiv. (a), 54 Stat. 684.

Historical and Revision Notes

56501

46 App.:1242a(a).

June 29, 1940, ch. 442, subdiv. (a), 54 Stat. 684.

                    
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