46 CFR §1.03-10
- (a)The term recognized classification society means the American Bureau of Shipping or other classification society recognized by the Commandant.
- (b)The term new vessel means:
- (1)For vessels which require a Certificate of Inspection, a new vessel is a vessel which has not received an initial Certificate of Inspection.
- (2)For vessels which do not require a Certificate of Inspection, a new vessel is a vessel which has not received a Load Line assignment.
- (c)The term existing vessel means a vessel which is not a new vessel.