Final Rule for OPA 90 Vessel Financial Responsibility Announced

Thursday, September 18, 2008

The Coast Guard published a final rule amending Coast Guard regulations under the Oil Pollution Act of 1990 (OPA 90), in Title 33, Code of Federal Regulations, Part 138, governing requirements for vessel owners and operators to establish and maintain evidence of financial responsibility.

The amendments ensure the amounts of financial responsibility that must be demonstrated under the Coast Guard's Certificate of Financial Responsibility program are consistent with increases to the OPA 90 limits of liability by the Delaware River Protection Act of 2006.  The amendments also increase the COFR application and certification fees, and eliminate the requirement that an original printed COFR be carried aboard covered vessels.

The amendments ensure vessel owners and operators have the ability to pay for removal costs and damages up to the OPA 90 limits of liability, in the event of an oil pollution incident.  The fee increases account for inflation.  In addition, improved technology now enables the Coast Guard to verify whether a vessel has a current COFR electronically, a more efficient and cost effective method than tasking inspectors to view a paper certificate on board each vessel.

The Coast Guard encourages the public to view the final rule in the Federal Register at 73 FR 53691, or online at www.gpoaccess.gov/fr.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Coast Guard

Philippines Mulls Bilateral Sea Talks with China

The Philippines may consider two-way talks with China to resolve a territorial dispute in the South China Sea but only if it wins its case with Beijing at an arbitration tribunal in The Hague,

42 People Rescued after Abandoning Ship off Hawaii

Forty-two people are safe after abandoning ship approximately 1,800 miles south of the Hawaiian Islands, Thursday, the U.S. Coast Guard reported.   Crewmembers

NTSB to Search for El Faro’s Voyage Data Recorder

Second search mission to sunken El Faro seeks to locate missing voyage data recorder   The National Transportation Safety Board (NTSB) said it will initiate a

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0644 sec (16 req/sec)