§ 67.45 - Citizenship savings provision for fishing vessels.

An otherwise qualifying partnership or corporation that does not meet the requisite stock interest requirements for a fishery endorsement of §§ 67.35 or 67.39, respectively, may be eligible to obtain a fishery endorsement for a vessel if, based on evidence submitted by the owner, it is determined that prior to July 28, 1987, the vessel:

(a) Was documented under 46 U.S.C. Chapter 121 and operating as a fishing, fish processing, or fish tender vessel in the navigable waters of the United States or the Exclusive Economic Zone; or

(b) Was contracted for purchase for use as a fishing, fish processing, or fish tender vessel in the navigable waters of the United States or the Exclusive Economic Zone, if the purchase is shown by the contract or similarly reliable evidence acceptable to the Secretary or the Secretary's delegate to have been made for the purpose of using the vessel in the fisheries.