Title 46 — ShippingRelease 119-73not60

§57304 Eligible Acquisition Dates

Title 46 › Subtitle Subtitle V— Merchant Marine › Part F— Government-Owned Merchant Vessels › Chapter 573— VESSEL TRADE-IN PROGRAM › § 57304

Last updated Apr 5, 2026|Official source

Full Legal Text

Title 46, §57304

Shipping — Source: USLM XML via OLRC

At the option of the owner, the acquisition of an obsolete vessel under this chapter shall occur—

(1)when the owner contracts for the construction or purchase of a new vessel; or

(2)within 5 days of the actual date of delivery of the new vessel to the owner.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 5730446 App.:1160(b) (2d sentence).June 29, 1936, ch. 858, title V, § 510(b) (2d sentence), as added Aug. 4, 1939, ch. 417, § 7, 53 Stat. 1184; Pub. L. 87–401, subdiv. (1), Oct. 5, 1961, 75 Stat. 833; Pub. L. 91–469, § 35(a), Oct. 21, 1970, 84 Stat. 1035; Pub. L. 97–31, § 12(91), Aug. 6, 1981, 95 Stat. 161. The words “At the option of the owner” are substituted for “if the owner so requests” for clarity.

Reference

Citations & Metadata

Citation

46 U.S.C. § 57304

Title 46 — Shipping

Last Updated

Apr 5, 2026

Release point: 119-73not60