USCG – New Oil Pollution Limits on Liability

Friday, August 18, 2006
The U.S. Coast Guard issued a notice announcing that recent legislation has increased the limits on liability for discharges and substantial threats of discharge of oil from vessels into waters of the United States. The existing Coast Guard regulations relating to the certificate of financial responsibility (COFR) will remain in effect until amended through rulemaking. Note: Ship owners and operators should be aware that, until the planned changes to the COFR regulations come into effect, there will be a difference between the maximum insurance required under the regulations and the maximum potential liability for oil spill costs and damages under the law. Owners and operators should consider acquiring insurance to cover at least the statutory maximum, not just the lower regulatory COFR amount. 71 Fed. Reg. 47737 source: HK Law
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Coast Guard

East and South China Sea Disputes Need Creative Diplomacy

China and the United States appear headed for a damaging confrontation over the extent of China's territorial claims in the South and East China Seas. Now that

MN 100: Kvichak Marine Industries, Inc.

469 NW Bowdoin Place Seattle, WA 98107 Telephone: 206 545 8485 E-mail: sales@kvichak.com Website: www.kvichak.com CEO/President: Keith Whittemore Number of

USCG Recognizes Meritorious Bulkship Rescue Team

Representatives from the U.S. Coast Guard, Federal, State, County and several members of the maritime community have received a Coast Guard Meritorious Team Commendation

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1376 sec (7 req/sec)