Marine Link
Saturday, December 3, 2016

USCG Civil Penalty Inflation Adjustments

December 27, 2009

The US Coast Guard issued a final rule adjusting fines and other civil monetary penalties to reflect the impact of inflation. Between 2003 (the last time monetary penalties were adjusted for inflation) and 2008, the consumer price index increased by 19.12%. Therefore, the fines and other civil monetary penalties assessed by the Coast Guard are being increased by an average of 19.12%, effective 30 days after December 23. 74 Fed. Reg. 68150 (December 23, 2009).

(Source: Bryant’s Maritime News)
 



 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News