In this chapter, the term “essential vessel” means a vessel that is—
security for a mortgage indebtedness to the United States Government; or
constructed under this subtitle or required by a contract under this subtitle to be operated on a certain essential foreign trade route; and
necessary in the interests of commerce and national defense to be maintained in condition for prompt use.
Pub. L. 109–304, § 8(c)120 Stat. 1656(, , .)
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Historical and Revision Notes |
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Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
56501 | 46 App.:1242a(a). | June 29, 1940, ch. 442, subdiv. (a), 54 Stat. 684. |