Existing Vessel Law and Legal Definition

According to 46 USCS § 2102 [Title 46. Shipping; Subtitle II. Vessels and Seamen; Part A. General Provisions; Chapter 21. General], the term existing vessel means

"(A) a vessel on a domestic voyage, the keel of which was laid, or that was at a similar stage of construction, before January 1, 1986; and

(B) a vessel on a foreign voyage, the keel of which was laid, or that was at a similar stage of construction, before July 21, 1968."