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46 U.S.C. 57304: Eligible acquisition datesText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 46-SHIPPINGCHAPTER 573-VESSEL TRADE-IN PROGRAM
Jump To: Source CreditHistorical and Revision Notes

§57304. Eligible acquisition dates

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.

( Pub. L. 109–304, § 8(c) , Oct. 6, 2006 , 120 Stat. 1662 .)

Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

57304

46 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.