surrender and invalidation of certificates of documentation

surrender and invalidation of certificates of documentationSec. 103. (a) Section 12111 of title 46, United States Code, is amended— (1) by striking the catchline and inserting in lieu thereof the following: “§ 12111. Surrender and invalidation of certificates of documentation”; and (2) by striking subsection (b) and inserting in lieu thereof the following: “(b) An invalid certificate of documentation must be surrendered as provided by regulations prescribed by the Secretary of Transportation. “(c)(1) Notwithstanding subsection (a) of this section, until the certificate of documentation is surrendered with the approval of the Secretary, a documented vessel is deemed to continue to be documented under this chapter for purposes of— “(A) chapter 313 of this title for an instrument filed or recorded before the date of invalidation and an assignment after that date; “(B) sections 9 and 37(b) of the Shipping Act, 1916 (46 App. U.S.C. 808, 8350))); “(C) section 902 of the Merchant Marine Act, 1936 (46 App. U.S.C. 1242); and “(D) any other law of the United States identified by the Secretary by regulation as a law to which the Secretary applies this subsection. “(2) This subsection does not apply when a vessel is forfeited or sold by order of a district court of the United States. “(3) The Secretary may approve the surrender of the certificate of documentation of a documented vessel covered by a mortgage filed or recorded under section 31321 of this title only if the mortgagee consents.”. (b) Item 12111 in the analysis of chapter 121 of title 46, United States Code, is amended to read as follows: “12111. Surrender and invalidation of certificates of documentation.”.