Vessel Documentation Act

[AI summary unavailable — showing source text] Vessel Documentation Act - Provides for the revision of the laws relating to the documentation of vessels. Provides that the Secretary (of the head of the department in which the Coast Guard is operating) shall designate ports of documentation in the United States where vessels may be documented and instruments affecting title to, or interest in, documented vessels may be recorded. Asserts that the Secretary shall specify the geographic area to be served by each designated por, and he may discontinue, relocate, or designate additional ports of documentation. Provides that any vessel of at least five net tons, which is not registered under the laws of a foreign country, is eligible for documentation if it is owned by: (1) an individual who is a citizen of the United States; (2) a partnership or association whose members are all citizens of the United States; (3) a corporation created under the laws of the United States, or of any State, territory possession thereof; (4) the United States Government; or (5) the government of any State, territory or possession. Provides that a fishery license or an appropriately endorsed registry may be issued for any vessel which: (1) is eligible for…