### Question
How is the "eligible export vessel" defined?


### Answer
The term **eligible export vessel** is defined in *APPENDIX U.S.C. § 1271* as follows -

> a vessel constructed, reconstructed, or reconditioned in the United States for use in world-wide trade which will, upon delivery or redelivery, be placed under or continued to be documented under the laws of a country other than the United States

#### Citation:
  - *APPENDIX U.S.C. § 1271*
  - Heading: **CHAPTER 27-MERCHANT MARINE ACT, 1936 > SUBCHAPTER XI-FEDERAL SHIP MORTGAGE INSURANCE**

