Coast Guard and Maritime Transportation Act of 2006

Thursday, July 13, 2006
President Bush has signed into law the Coast Guard and Maritime Transportation Act of 2006 (H.R. 889). Among the provisions in the legislation are the following:

(1) Developers of LNG import facilities will get a higher priority if they agree to be supplied by US-flag LNG vessels;

(2) Only US-flag vessels will be allowed to engage in any activity performed in connection with the mooring or unmooring of a mobile offshore drilling unit (MODU) located over the US outer continental shelf or the transportation of personnel or merchandise to or from a point in the United States from or to such MODU;

(3) Use of foreign citizens as riding gangs would be allowed under certain conditions on US-flag vessels when US citizens or residents are unavailable to complete the work, but for not more than 60 days each calendar year;

(4) Monies are authorized for development of an alternative AIS transponder/wireless maritime data device and the FCC is encouraged to finalize its rulemaking on licensee use of AIS frequency bands;

(5) Persons who release into a waterway an object that creates an obstruction to navigation would be required to promptly notify the Coast Guard;

(6) Limits of liability for oil spills from vessels would be increased – for single-hull tankers to the greater of $3,000 per gross ton or $22 million – for double-hull tankers to the greater of $1,900 per gross ton or $16 million – for other vessels to the greater of $950 per gross ton or $800,000; and

(7) Application of the oil spill response plan requirement to nontank vessels has been clarified.

Note: Ship owners and operators and insurers should pay particular attention to the increase in the limits of liability. While the requirements relating to US Certificates of Financial Responsibility (COFRs) will not change until the regulations are amended, the maximum potential liability for an oil spill (even if the limits of liability are not broken) have been increased, effective immediately. Those owners and operators who were only minimally insured should consider seeking increases in coverage. Source: HK Law

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Hercules Offshore Shares Fall 33%

Drilling contractor Hercules Offshore Inc's shares fell as much as 33 percent to a record low on Friday, a day after Deutsche Bank cut its price target on the company's stock to $0.

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

Mexico Approves 5 Shallow Water Areas in Round One Oil Tender

Mexico has approved the terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender to open up the country's oil fields,

 
 
Maritime Contracts Maritime Standards Navigation Pipelines Port Authority Salvage Ship Electronics Ship Simulators Sonar Winch
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: 0.3867 sec (3 req/sec)