United States Code · Section
§ 56308 — Transfer Of Substitute Vessels
46 U.S.C. § 56308
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is authorized to transfer to the owner of such vessel another vessel which is deemed by the Secretary to be of comparable type with adjustments for depreciation and difference in design or speed, and to the extent applicable, such other adjustments and terms and conditions, including transfer of mortgage obligations in favor of the United States binding upon the old vessel, as the Secretary may prescribe.
Implementing Regulations
No implementing regulations found.