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All sailing vessels under 700 tons carrying passengers or freight for remuneration, shall carry at least one life jacket or preserver for every passenger carried and for each member of the crew, and no sailing vessel, while carrying passengers shall be operated or navigated except in charge of a person found qualified and licensed by the Collector of Customs, who shall be aided by the harbormaster in determining such qualifications.
For the purposes of this chapter, a life jacket or preserver shall satisfy the following conditions—
(1) it shall be approved material and construction; and
(2) it shall be capable of supporting in fresh water for twenty-four hours fifteen pounds of avoirdupois of iron.
Life jackets or preservers, the buoyancy of which depends on air compartments are prohibited. All life preservers shall be kept in convenient and accessible places on such vessels in readiness for immediate use in case of accident.