20 July 2006

NPFC ISSUES UPDATED FACTS ON OPA 90 LIMITS ON LIABILITY

The USCG National Pollution Funds Center (NPFC) issued an updated set of Frequently Asked Questions
(FAQ) (http://www.uscg.mil/hq/npfc/About%20Us/opa_faqs.htm)that includes a detailed explanation of the new OPA
90 limits on liability. Two items of particular interest: (1) the amended limits for tank vessels come into effect for an
oil discharge or substantial threat of a discharge that occurs on or after October 9, while the amended limits for any other
vessel came into effect on July 11; and (2) the existing certificates of financial responsibility (COFRs) will remain in
effect until the financial responsibility regulations are amended. The NPFC also published an Overview of Title I of
OPA 90 - http://www.uscg.mil/hq/npfc/Documents/PDFs/NPFC_OPA.pdf

No comments: