“Covered vessel,” as used in this article, means any of the following:
(a)
Every power-driven vessel of 40 meters (approximately 131 feet) or more in length, while navigating.
(b)
Every towing vessel of 8 meters (approximately 26 feet) or more in length, while navigating. “Towing vessel,” as used in this article, means any commercial vessel engaged in towing another vessel astern or alongside or by pushing it ahead.
(c)
Every vessel issued a certificate to carry 50 or more passengers for hire, when engaged in trade.