(a) Requirements.—A coastwise endorsement may be issued for a vessel that—
(1)
satisfies the requirements for a coastwise endorsement, except for the ownership requirement otherwise applicable without regard to this section;
(2)
is owned by a not-for-profit oil spill response cooperative or by members of such a cooperative that dedicate the vessel to use by the cooperative;
(3)
is at least 50 percent owned by individuals or entities described in section 12103(b) of this title; and