### Question
How is the term new vessel defined?


### Answer
The term **new vessel** is defined in *46 U.S.C. § 57301* as the following:

> a vessel—


(A) constructed under this subtitle and acquired within 2 years after the date of completion

#### Citation:
  - *46 U.S.C. § 57301*
  - Heading: **Subtitle V-Merchant Marine > Part F-Government-Owned Merchant Vessels > CHAPTER 573-VESSEL TRADE-IN PROGRAM**

