Federal · Title 46 — Shipping
46 U.S.C. § 50504: Sailing school vessels
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In this section, the terms “sailing school instructor”, “sailing school student”, and “sailing school vessel” have the meaning given those terms in section 2101 of this title . parts B, F, and G of subtitle II of this title; or the maritime law doctrines of maintenance and cure or warranty of seaworthiness. a merchant vessel under section 11101(a)–(c) of this title; or a vessel engaged in trade or commerce. The owner or charterer of a sailing school vessel shall maintain evidence of financial responsibility to meet liability for death or injury to sailing school students and sailing school instructors on a voyage on the vessel. The amount of financial responsibility shall be at least $50,000 for each student and instructor. Financial responsibility under this subsection may be evidenced by insurance or other adequate financial resources.
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