United States Code · Section

§ 12107 — Wrecked Vessels

46 U.S.C. § 12107

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(a) A vessel is a wrecked vessel under this chapter if it— (1) was wrecked on a coast of the United States or adjacent waters; and (2) has undergone repairs in a shipyard in the United States equal to at least 3 times the appraised salvage value of the vessel. (b) The Secretary may appoint a board of three appraisers to determine whether a vessel satisfies subsection (a)(2). The costs of the appraisal shall be paid by the owner of the vessel.
46 U.S.C. § 12106 46 U.S.C. § 12108

Implementing Regulations