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 Notes
RevisedSectionSource (U.S. Code)Source (Statutes at Large)
5650146 App.:1242a(a).June 29, 1940, ch. 442, subdiv. (a), 54 Stat. 684.
Take Action
Your position
Add a comment
to comment on this section.
Annotate the text
Highlight any passage on the Full Text tab to attach a note. Annotations appear on the Annotations tab.