Cargo Preference Law and Legal Definition

According to 41 CFR 102-117.25 [Title 41; Public Contracts And Property Management Subtitle C ; Federal Property Management Regulations System Chapter 102 ; Federal Management Regulation System Subchapter D ; Transportation Part 102-117 ; Transportation Management Subpart A ; General ] Cargo preference “is the legal requirement for all, or a portion of all, ocean-borne cargo to be transported on U.S. flag vessels.”