{"data":{"id":"us/46-u.s.c.-57301","jurisdiction":"us","citation":"46 U.S.C. § 57301","heading":"Definitions","body":"In this chapter:(1) New vessel.—The term “new vessel” means a vessel—(A) constructed under this subtitle and acquired within 2 years after the date of completion; or (B) constructed in a domestic shipyard on private account and not under this subtitle, and documented under the laws of the United States. (2) Obsolete vessel.—The term “obsolete vessel” means a vessel that—(A) is of at least 1,350 gross tons; (B) the Secretary of Transportation believes should, because of its age, obsolescence, or other reasons, be replaced in the public interest; and (C) has been owned by a citizen of the United States for at least 3 years immediately before its acquisition under this chapter.","path":["Title 46—SHIPPING","CHAPTER 573—VESSEL TRADE-IN PROGRAM"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc46@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T06:00:50Z","sha256":"ed0bb3623b15e686a70d288e3041f3e294d3f1f3ed5bd7c310f376e0ec380125","source_id":"us","stale":true,"prev":"us/46-u.s.c.-57112","next":"us/46-u.s.c.-57302"},"notice":"GroundRules: Original legal text. Not legal advice."}