### Question
How does DIFFERENTIAL SUBSIDY define obsolete vessel?


### Answer
Under *APPENDIX U.S.C. § 1160*, **obsolete vessel** is defined as:

> a vessel or vessels, each of which (A) is of not less than one thousand three hundred and fifty gross tons, (B) in the judgment of the Secretary of Transportation, should, by reason of age, obsolescence, or otherwise, be replaced in the public interest and (C) has been owned by a citizen or citizens of the United States for at least three years immediately prior to the date of acquisition hereunder

#### Citation:
  - *APPENDIX U.S.C. § 1160*
  - Heading: **CHAPTER 27-MERCHANT MARINE ACT, 1936 > SUBCHAPTER V-CONSTRUCTION-DIFFERENTIAL SUBSIDY**

