Section 102-36.470 - What must we do when disposing of excess vessels?(a) When you dispose of excess vessels, you must indicate on the SF 120 the following information:(1) Whether the vessel has been inspected by the Coast Guard.(2) Whether testing for hazardous materials has been done. And if so, the result of the testing, specifically the presence or absence of PCB's and asbestos and level of contamination.(3) Whether hazardous materials clean up is required, and when it will be accomplished by your agency.(b) In accordance with 40 U.S.C. 548 , the Federal Maritime Administration (FMA), Department of Transportation, is responsible for disposing of surplus vessels determined to be merchant vessels or capable of conversion to merchant use and weighing 1,500 gross tons or more. The SF 120 for such vessels shall be forwarded to GSA for submission to FMA.(c) Disposal instructions regarding vessels in this part do not apply to battleships, cruisers, aircraft carriers, destroyers, or submarines. 65 FR 31218 , May 16, 2000, as amended at 71 FR 53572 , Sept. 12, 2006