US lawFederal (United States)RegulationsTitle 46 CFR — ShippingChapter II — MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATIONPart 308 — WAR RISK INSURANCESubpart E — War Risk Builder's Risk Insurance308.40146 C.F.R. § 308.401Eligibility for insurance.Last amended: 2016Year: 2026Length: 27 wordsOfficial source Cite as 46 C.F.R. § 308.401 (2026)A vessel is eligible for insurance if it is an American vessel, as defined in 46 U.S.C. 53901, being constructed in a shipyard within the United States.Cross-references to the US Code46:53901Previous46 C.F.R. § 308.400Next46 C.F.R. § 308.402