Foreign Flag Vessel 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 ] “Foreign flag vessel is any vessel of foreign registry including vessels owned by U.S. citizens but registered in a foreign country.”