CAT III venting components have to meet a couple criteria. Exhaust gas temps must be 140* above dew point temp to prevent condensation, as CAT III appliances are non-condensing...theoretically anyway, but the vent components must be corrosion "resistant". The non-condensing part applies only to the point where the flue gases leave the appliance. I think that technically, your system does not require a drain on the vent, but keep in mind that every system has a personality. I would suggest that you keep an eye on the system to be certain that you are not getting condensate back into the appliance. You can see signs of the boiled off or evaporated moisture. The pH on the flue gas condensate is about 3.2 so it is pretty hot.