Major conversion

Major conversion means a conversion of an existing vessel that:
(1) Substantially alters the dimensions or carrying capacity of the vessel, except a conversion that includes only the installation of segregated ballast tanks, dedicated clean ballast tanks, a crude oil washing system, double sides, a double bottom, or a double hull;
(2) Changes the type of vessel;
(3) Substantially prolongs the vessel's service life; or
(4) Otherwise so changes the vessel that it is essentially a new vessel, as determined by the Commandant (CG-CVC).


33 CFR § 157.03

Scoping language

Is this correct? or