{"identifier":"/us/usc/t46/s57301","title":46,"num":"\u00a7\u202f57301.","heading":"Definitions","text":"\u00a7\u202f57301.\nDefinitions\nIn this chapter:\n(1)\nNew vessel.\u2014\nThe term \u201cnew vessel\u201d means a vessel\u2014\n(A) constructed under this subtitle and acquired within 2 years after the date of completion; or\n(B) constructed in a domestic shipyard on private account and not under this subtitle, and documented under the laws of the United States.\n(2)\nObsolete vessel.\u2014\nThe term \u201cobsolete vessel\u201d means a vessel that\u2014\n(A) is of at least 1,350 gross tons;\n(B) the Secretary of Transportation believes should, because of its age, obsolescence, or other reasons, be replaced in the public interest; and\n(C) has been owned by a citizen of the United States for at least 3 years immediately before its acquisition under this chapter.","url":"https://projectusc.org/usc/t46/s57301.html","content":[{"t":"sec","id":"/us/usc/t46/s57301","children":[{"t":"num","text":"\u00a7\u202f57301."},{"t":"heading","text":"Definitions","tail":"\n"},{"t":"chapeau","text":"In this chapter:"},{"t":"para","id":"/us/usc/t46/s57301/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"New vessel.\u2014"},{"t":"chapeau","text":"The term \u201cnew vessel\u201d means a vessel\u2014"},{"t":"subpara","id":"/us/usc/t46/s57301/1/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" constructed under this subtitle and acquired within 2 years after the date of completion; or","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t46/s57301/1/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" constructed in a domestic shipyard on private account and not under this subtitle, and documented under the laws of the United States.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t46/s57301/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Obsolete vessel.\u2014"},{"t":"chapeau","text":"The term \u201cobsolete vessel\u201d means a vessel that\u2014"},{"t":"subpara","id":"/us/usc/t46/s57301/2/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" is of at least 1,350 gross tons;","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t46/s57301/2/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" the Secretary of Transportation believes should, because of its age, obsolescence, or other reasons, be replaced in the public interest; and","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t46/s57301/2/C","children":[{"t":"num","text":"(C)"},{"t":"content","text":" has been owned by a citizen of the United States for at least 3 years immediately before its acquisition under this chapter.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}