participating fleet vessel
Defined in 1 dictionary — U.S. Code
United States Code
46 U.S.C. § 53101 — in this chapter (4 versions over time)
Participating fleet vessel.—The term "participating fleet vessel" means any vessel that—
(A) on October 1, 2015—
(i) meets the requirements of paragraph (1), (2), (3), or (4) of section 53102(c); and
(ii) is less than 20 years of age if the vessel is a tank vessel, or is less than 25 years of age for all other vessel types; and
(B) on December 31, 2014, is covered by an operating agreement under this chapter.
46 U.S.C. § 53401 — in this chapter (2 versions over time)
The term “participating Fleet vessel” means any product tank vessel covered by an operating agreement under this chapter on or after January 1, 2022, that—
(A) meets the requirements of one of paragraphs (1) through (4) of section 53402(b) of this title; and
(B) is no more than 20 years of age.