U.S. Effective Controlled Fleet


U.S. Effective Controlled Fleet : That fleet of merchant ships owned by United States citizens or corporations and registered under flags of "convenience" or "necessity" such as Liberia or Panama. The term is used to emphasize that, while the fleet is not U.,$.-flag, it is effectively under U.S. control by virtue of the ship's owners and can be called to serve U.S. interests in time of emergency
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