[Code of Federal Regulations]
[Title 46, Volume 2]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 46CFR67.11]

[Page 342]
 
                           TITLE 46--SHIPPING
 
   CHAPTER I--COAST GUARD, DEPARTMENT OF HOMELAND SECURITY (CONTINUED)
 
PART 67_DOCUMENTATION OF VESSELS--Table of Contents
 
                            Subpart A_General
 
Sec. 67.11  Restriction on transfer of an interest in documented vessels 
to foreign persons; foreign registry or operation.

    (a) Unless approved by the Maritime Administration--
    (1) A documented vessel or a vessel last documented under the laws 
of the United States may not be placed under foreign registry or 
operated under the authority of a foreign country.
    (2) A documented vessel or a vessel last documented under the laws 
of the United States owned by a citizen of the United States as defined 
in section 2 of the Shipping Act, 1916 (46 U.S.C. app. 802), may not be 
sold, mortgaged, leased, chartered, delivered, or otherwise transferred 
to any person who is not a citizen of the United States as defined in 
section 2 of the Shipping Act, 1916 (46 U.S.C. app. 802).
    (b) The restrictions in paragraph (a)(2) of this section do not 
apply to a vessel that has been operated only as:
    (1) A fishing vessel, fish processing vessel, or fish tender vessel 
as defined in 46 U.S.C. 2101;
    (2) A recreational vessel; or
    (3) Both.

    Note: For purposes of carrying out its responsibilities under the 
provisions of this part only, the Coast Guard will deem a vessel which 
has been documented exclusively with a fishery or recreational 
endorsement or both from the time it was first documented, or for a 
period of not less than one year prior to foreign transfer or registry, 
to qualify for the exemption granted in paragraph (b) of this section.

    (c) The exemption in paragraph (b) of this section does not relieve 
all vessels from meeting the fishery endorsement requirements of this 
part. If your vessel is less than 100 feet in length and is a fishing 
vessel, fish processing vessel, or fish tender vessel as defined in 46 
U.S.C. 2101, you must meet the fishery endorsement requirements set out 
in this part. Each vessel 100 feet and greater in length applying for a 
fishery endorsement is regulated by the Maritime Administration 
requirements found in 46 CFR part 356.

[CGD 89-007, CGD 89-007a, 58 FR 60266, Nov. 15, 1003, as amended by 
USCG-1999-6095, 65 FR 76575, Dec. 7, 2000]