Title 46 — ShippingRelease 119-73not60
§53409 Special Rule Regarding Age of Participating Fleet Vessels
Title 46 › Subtitle Subtitle V— Merchant Marine › Part C— Financial Assistance Programs › Chapter 534— TANKER SECURITY FLEET › § 53409
Summary
An age limit does not apply to a participating Fleet vessel for 30 months starting when it begins operating under an operating agreement in this program. This only applies if the Secretary finds that the vessel’s program participant has arranged to get and operate a replacement vessel under the agreement and that replacement will be eligible to join the Fleet when it starts operating.
Full Legal Text
Title 46, §53409
Shipping — Source: USLM XML via OLRC
Any age restriction under section 53402(b)(4) of this title shall not apply to a participating Fleet vessel during the 30-month period beginning on the date the vessel begins operating under an operating agreement under this chapter, if the Secretary determines that the program participant for the vessel has entered into an arrangement to obtain and operate under the operating agreement for the participating Fleet vessel a replacement vessel that, upon commencement of such operation, will be eligible to be included in the Fleet under section 53402(b) of this title.
Reference
Citations & Metadata
Citation
46 U.S.C. § 53409
Title 46 — Shipping
Last Updated
Apr 5, 2026
Release point: 119-73not60