Louisiana Revised Statutes 9:5522 – In this Chapter unless the context otherwise requires:
Terms Used In Louisiana Revised Statutes 9:5522
- Builder: means the person undertaking or contracting to build a ship pursuant to a contract or otherwise. See Louisiana Revised Statutes 9:5522
- Components: means all parts and components of a ship which are fabricated by the builder for use in the construction of the ship, which will, when so used, form a part of the ship and the fabrication of which is commenced at the shipyard. See Louisiana Revised Statutes 9:5522
- Contract: means a written agreement for the construction of a ship. See Louisiana Revised Statutes 9:5522
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Materials: means all materials (other than piping, cables, fittings, and other materials taken out of builder's stock), all items of machinery, and all items of equipment (other than equipment taken out of builder's stock) which are purchased or acquired for use in the construction of the ship, which will, when so used, form a part of the ship and which have been delivered to the shipyard. See Louisiana Revised Statutes 9:5522
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes an individual, corporation, trust, partnership, joint venture, or other organization. See Louisiana Revised Statutes 9:5522
- Ship: means a tug, pushboat, pullboat, barge, dredge, or other vessel or watercraft of more than fifty tons gross weight to be constructed within the state of Louisiana. See Louisiana Revised Statutes 9:5522
- Shipyard: means the shipyard or place of business where a ship is to be constructed. See Louisiana Revised Statutes 9:5522
In this Chapter unless the context otherwise requires:
(1) “Contract” means a written agreement for the construction of a ship.
(2) “Ship” means a tug, pushboat, pullboat, barge, dredge, or other vessel or watercraft of more than fifty tons gross weight to be constructed within the state of Louisiana.
(3) “Work” means in the case of a ship having a keel, the keel, and in the case of a ship not having a keel, the bottom plates, and all materials, machinery, equipment, components, and fabrications forming a part of the ship when permanently installed in place.
(4) “Builder” means the person undertaking or contracting to build a ship pursuant to a contract or otherwise.
(5) “Purchaser” means the person for whom a ship is to be constructed pursuant to a contract.
(6) “Person” includes an individual, corporation, trust, partnership, joint venture, or other organization.
(7) “Materials” means all materials (other than piping, cables, fittings, and other materials taken out of builder‘s stock), all items of machinery, and all items of equipment (other than equipment taken out of builder’s stock) which are purchased or acquired for use in the construction of the ship, which will, when so used, form a part of the ship and which have been delivered to the shipyard.
(8) “Components” means all parts and components of a ship which are fabricated by the builder for use in the construction of the ship, which will, when so used, form a part of the ship and the fabrication of which is commenced at the shipyard.
(9) “Hull Number” means the number assigned to a ship by the builder.
(10) “Shipyard” means the shipyard or place of business where a ship is to be constructed.
Added by Acts 1975, No. 368, §1. Amended by Acts 1976, No. 374, §1.