Forfeited vessel

Forfeited vessel means a vessel:
(1) Which has been adjudged forfeited by a Federal District Court to the Federal Government of the United States for a breach of its laws; or
(2) Which has been forfeited under an administrative forfeiture action to the Federal Government of the United States for a breach of its laws; or
(3) Which has been seized by the Federal Government of the United States for a breach of its laws and which has been sold at an interlocutory sale, the proceeds of which have been adjudged forfeited by a Federal District Court to the Federal Government of the United States. A vessel is considered forfeited within the meaning of this definition even if the proceeds, though adjudged forfeited to the United States, do not actually accrue to the United States.

Source

46 CFR § 67.3

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Scoping language

The following definitions are for terms used in this part.

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