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Code of Federal Regulations (Last Updated: November 8, 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 A - General |
§ 553.1 - What is the purpose of this part?
Latest version.
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§ 553.1 What is the purpose of this part?
This part establishes the requirements for demonstrating Oil Spill Financial Responsibility for covered offshore facilities (COF), sets forth the procedures for claims against COF guarantors, and sets forth the limit of liability for offshore facilities, as adjusted, un der Title I of the Oil Pollution Act of 1990, as amended, 33 U.S.C. 2701 et seq. (OPA).
[79 FR 73839, Dec. 12, 2014]