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46 U.S.C. § 56501

Title 46 Chapter 565 Current through PL 116-220 ~1 min read Last updated: March 30, 2026 View on OLRC →
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§ 56501. Definition

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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