46 USC 12107 - Wrecked vessels

U.S Code last checked for updates: Nov 22, 2024

§ 12107.

Wrecked vessels

(a)

Requirements.—

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)

Appraisals.—

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.

(Pub. L. 109–304, § 5, Oct. 6, 2006, 120 Stat. 1494.)

cite as: 46 USC 12107