U.S. 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 ] “U.S. flag vessel is a commercial vessel, registered and operated under the laws of the U.S., owned and operated by U.S. citizens, and used in commercial trade of the United States.”