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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 C - Methods for Demonstrating OSFR |
§ 553.20 - What methods may I use to demonstrate OSFR?
Latest version.
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§ 553.20 What methods may I use to demonstrate OSFR?
As the designated applicant, you may satisfy your OSFR requirements by using one or a combination of the following methods to demonstrate OSFR:
(b) Insurance under § 553.29;
(c) An indemnity under § 553.30;
(d) A surety bond under § 553.31; or
(e) An alternative method the Director approves under § 553.32.