; and (B) is meeting such schedule. (2) A subject vessel that was classed before July 1, 2012, is exempt from the requirements of this section if such vessel— (A) remains subject to the requirements of a classification society approved by the Secretary; and (B) has on board a certificate from that society. 4509. Substitute safety compliance program (a) In general The Secretary shall establish a substitute safety compliance program for substitute-eligible vessels that includes the following requirements: (1) A substitute-eligible vessel shall be designed by an individual licensed by a State as a naval architect or marine engineer, and the design shall incorporate standards equivalent to those prescribed by a classification society to which the Secretary has delegated authority under section 3316 or another qualified organization approved by the Secretary for purposes of this paragraph. (2) Construction of a substitute-eligible vessel shall be overseen and certified as being in accordance with its design by a marine surveyor of an organization accepted by the Secretary. (3) A substitute-eligible vessel shall— (A) complete a stability test performed by a qualified individual; (B) have written stability and loading instructions from a qualified individual that are provided to the owner or operator