46 U.S.C. § 12112: Coastwise endorsement

satisfies the requirements of section 12103 of this title ; was built in the United States; or was captured in war by citizens of the United States and lawfully condemned as prize; was adjudged to be forfeited for a breach of the laws of the United States; or qualifies as a wrecked vessel under section 12107 of this title ; and otherwise qualifies under the laws of the United States to engage in the coastwise trade. Subject to the laws of the United States regulating the coastwise trade, a vessel for which a coastwise endorsement is issued may engage in the coastwise trade. owned a vessel before January 1, 2001 , that had a coastwise endorsement under [former] section 12106(e) of title 46 , United States Code; and as of the date of the enactment of this Act [ Aug. 9, 2004 ], derives substantially all of its revenue from leasing vessels engaged in the transportation or distribution of petroleum products and other cargo in Alaska. A vessel owned by a person described in paragraph (1) for which a coastwise endorsement is issued under [former] section 12106(e) of title 46 , United States Code, may be employed in the coastwise trade only within Alaska and in the coastwise trade to and from Alaska. The application of this subsection to a person described in paragraph (1) shall terminate if all of that person’s vessels described in paragraph (1) are sold to a person eligible to document vessels under section 12106(a) [now section 12112(a)] of title 46, United States Code.”