obsolete vessel
Defined in 1 dictionary — U.S. Code
United States Code
46 U.S.C. § 57301 — in this chapter
Obsolete vessel.—The term “obsolete vessel” means a vessel that—
(A) is of at least 1,350 gross tons;
(B) the Secretary of Transportation believes should, because of its age, obsolescence, or other reasons, be replaced in the public interest; and
(C) has been owned by a citizen of the United States for at least 3 years immediately before its acquisition under this chapter.
46 U.S.C. § 57111 — in this chapter
In this chapter, the term "obsolete vessel" means a vessel that—
(1) is or will be in the custody and control of the Maritime Administration for purposes of disposing of the vessel; and
(2) has been determined by the Secretary of Transportation to be of insufficient value, with respect to the programs of the Maritime Administration, to warrant—
(A) preserving for future use or spare parts harvesting; or
(B) retaining in the National Defense Reserve Fleet.