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The Abandoned Vessel Prevention Act amends federal maritime law to assign liability to persons who transfer title of a commercial vessel (or former commercial vessel) to another party for use as a recreational vessel. The transferor becomes liable for specified expenses—including vessel removal, pollution cleanup, and water intake damage—if the vessel sinks on U.S. navigable waters and the transferee lacks applicable insurance at the time of transfer. The liability does not apply to vessels under 35 feet in length, vessels fewer than 40 years old, or transfers where the transferee has insurance covering such expenses.
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