46 U.S.C. § 56307

Return of vessels

When a vessel requisitioned for use but not ownership is returned to the owner, the Secretary of Transportation shall—

(1)

return the vessel in a condition at least as good as when taken, less ordinary wear and tear; or

(2)

pay the owner an amount sufficient to recondition the vessel to that condition, less ordinary wear and tear.

( Pub. L. 109–304, § 8(c) , Oct. 6, 2006 , 120 Stat. 1656 .)