Qualifying Vessel Operator Law and Legal Definition

According to 26 USCS § 1355 [Title 26. Internal Revenue Code; Subtitle A. Income Taxes; Chapter 1. Normal Taxes And Surtaxes; Subchapter R. Election To Determine Corporate Tax On Certain International Shipping; Activities Using Per Ton Rate], the term "qualifying vessel operator" means "any corporation--

(A) who operates one or more qualifying vessels, and

(B) who meets the shipping activity requirement in subsection (c)."