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essential vessel

Defined in 1 dictionary — U.S. Code

United States Code

46 U.S.C. § 56501 — in this chapter

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.