[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: 46CFR67.47]

[Page 349]
 
                           TITLE 46--SHIPPING
 
   CHAPTER I--COAST GUARD, DEPARTMENT OF HOMELAND SECURITY (CONTINUED)
 
PART 67_DOCUMENTATION OF VESSELS--Table of Contents
 
       Subpart C_Citizenship Requirements for Vessel Documentation
 
Sec. 67.47  Requirement for Maritime Administration approval.

    (a) The following transactions, among others, require approval of 
the Maritime Administration in accordance with 46 CFR part 221:
    (1) Placement of the vessel under foreign registry;
    (2) Operation of the vessel under the authority of a foreign 
country; and
    (3) Sale or transfer of an interest in or control of the vessel from 
a citizen, as defined in section 2 of the Shipping Act, 1916 (46 U.S.C. 
app. 802), to a person not a citizen within the meaning of section 2 of 
that act.
    (b) A Certificate of Documentation may not be issued for a vessel 
which subsequent to the last issuance of a Certificate of Documentation 
has undergone any transaction listed in paragraph (a) of this section, 
even if the owner meets the citizenship requirements of this subpart, 
unless evidence is provided that the Maritime Administration approved 
the transaction.
    (c) The restriction imposed by paragraph (b) of this section does 
not apply to a vessel identified in Sec. 67.11(b).