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Shipping - 46 USC Appendix Section 14
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01/19/04 Sec. 14. Wrecked vessels
The Secretary of Transportation may issue a certificate of
documentation with a coastwise endorsement for any vessel wrecked
on the coasts of the United States or her possessions or adjacent
waters, when purchased by a citizen or citizens of the United
States and thereupon repaired in a shipyard in the United States or
her possessions, if it shall be proved to the satisfaction of the
Secretary of Transportation, if he deems it necessary, through a
board of three appraisers appointed by him, that the said repairs
put upon such vessels (!1) are equal to three times the appraised
salved value of the vessel: Provided, That the expense of the
appraisal provided for shall be borne by the owner of the vessel:
Provided further, That if any of the material matters of fact sworn
to or represented by the owner, or at his instance, to obtain the
register of any vessel are not true, there shall be a forfeiture to
the United States of the vessel in respect to which the oath shall
have been made, together with tackle, apparel, and furniture
thereof.
AMENDMENTS
1993 - Pub. L. 103-182 substituted "The Secretary of
Transportation may issue a certificate of documentation with a
coastwise endorsement" for "The Secretary of Commerce may issue a
register or enrollment" and "Secretary of Transportation," for
"Secretary of Commerce,".
Last modified: April 20, 2006
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