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TeachMeFinance.com - explain Merchant Marine Act of 1920 Merchant Marine Act of 1920 The term 'Merchant Marine Act of 1920 ' as it applies to the area of agriculture can be defined as ' P.L. 66-261, also known as the Jones Act, provides for the promotion and maintenance of a U.S. merchant marine. Provisions dealing with cabotage (i.e., coastal shipping) require that all goods transported by water between U.S. ports be carried in U.S.-flag ships, constructed in the United States, owned by U.S. citizens, and crewed wholly by U.S. citizens. In addition, amendments to the Jones Act, known as the Cargo Preference Act, provide permanent legislation for the transportation of waterborne cargoes in U.S.-flag vessels'. Previous 5 Terms: mentatiferous Mercado Commun del Sur (MERCOSUR) Mercaptan Merchant coke plant Merchant facilities Next 5 Terms: Merchant MTBE plants Merchant oxygenate plants merchantable height MERCOSUR Mercury Barometer About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.