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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 30 - Mineral Resources |
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Chapter V - Bureau of Ocean Energy Management, Department of the Interior |
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SubChapter B - Offshore |
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Part 553 - Oil Spill Financial Responsibility for Offshore Facilities |
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Subpart G - Limit of Liability for Offshore Facilities |
§ 553.702 - What limit of liability applies to my offshore facility?
Latest version.
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§ 553.702 What limit of liability applies to my offshore facility?
Except as provided in 33 U.S.C. 2704(c), the limit of liability under OPA for a responsible party for any offshore facility, including any offshore pipeline, is the total of all removal costs plus $137$167.6595 8069 million for damages with respect to each incident.