We need to read this stuff and find the definition of "vessel"
Check this out: Compilation of Maritime Laws, Department of Transportation
Also see: WHAT IS A PREFERred MORTGAGE? A preferred mortgage is a mortgage which is given status as a maritime lien. As such it enjoys a certain priority in the event of default. In addition, the Coast Guard is prohibited from making certain changes in documentation including, but not limited to, change of vessel ownership, name, and hailing port without consent of the mortgagee. For this reason many financial institutions require vessels which are eligible for documentation to be documented and to have preferred mortgages recorded against them.
HOW DO I ESTABLISH U.S. CITIZENSHIP?Citizenship is established by completion of Form CG-1258. In addition to individuals, corporations, partnerships, and other entities capable of holding legal title may be deemed citizens for documentation purposes. Corporations must be registered in a state or the U.S.; the chief executive officer and chairman of the board of directors must be U.S. citizens, and no more than a minority of the number of directors necessary to constitute a quorum may be non-citizens. In addition, at least 75% of the stock must be vested in U.S. citizens for a coastwise or fisheries endorsement.
National Vessel Documentation CenterThe NVDC also records commercial instruments, provides certified copies of the office records upon request, and provides a register of vessels available in time of war or emergency to defend and protect the United States of America. Refer to C.3.a of this section for access to vessel documentation and forms online. Also, refer to C.3.b and C.3.c for government policy related to vessel documentation.
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