Final answer:
The vessel that complies with an implied warranty for Ocean Marine coverage is the one with a Seaworthy Hull, as it directly meets the requirement of being structurally sound for safe navigation.
Step-by-step explanation:
The question posed involves an understanding of the warranties associated with Ocean Marine coverage, which is a type of insurance coverage for sea vessels and their cargoes. In ocean marine insurance, the concept of an ‘implied warranty’ is crucial. An implied warranty in this context refers to a legal assumption that the vessel is seaworthy and able to perform the duty for which it is insured. For a vessel to be in compliance with ocean marine coverage, it needs to meet certain conditions.
The four options provided relate to different aspects of vessel maintenance and readiness. However, Option 1: Vessel with Adequate Safety Equipment, Option 2: Vessel with a Competent Crew, and Option 4: Vessel with Regular Maintenance Schedule, are all important elements, but they are not guarantees of the vessel's seaworthiness alone. The one that directly speaks to the core concept of seaworthiness as per implied warranty requirements is Option 3: Vessel with a Seaworthy Hull. A seaworthy hull suggests that the vessel is structurally sound and suitable for navigating in the waters for which it is intended, therefore complying with the implied warranty of Ocean Marine coverage.