§ 148.703 - Limits of liability.

Related Notices
- 97-15928. Final rule. 97-15928. Technical Amendments; Organizational Changes; Miscellaneous Editorial Changes and Conforming Amendments

Latest version.

(a) The limits of liability for U.S. deepwater ports will be established by the Secretary of Transportation on a port-by-port basis, after review of the maximum credible spill and associated costs for which the port would be liable. The limit for a deepwater port will not be less than $50 million or more than $350 million.

(1) The limit of liability for the LOOP deepwater port licensed and operated by Louisiana Offshore Oil Port, Inc., is $62,000,000.

(2) [Reserved]

(b) [Reserved]

                    
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