§148.605. How is the limit of liability determined?
33 C.F.R. § 148.605
The Coast Guard may lower the $350,000,000 limit of liability for deepwater ports set by 33 U.S.C. 2704(a)(4), pursuant to paragraph (d) of that section, particularly for natural gas deepwater ports that will store or use oil in much smaller amounts than an oil deepwater port.
Requests to adjust the limit of liability for a deepwater port must be submitted to the Commandant (CG-5P). Adjustments are established by a rulemaking with public notice and comment that may take place concurrently with the processing of the deepwater port license application.
Notes, amendments, and revision history
Amendments
[USCG-1998-3884, 71 FR 57651, Sept. 29, 2006, as amended by USCG-2013-0397, 78 FR 39178, July 1, 2013]
Authority
Authority: 33 U.S.C. 1504; Department of Homeland Security Delegation No. 0170.1 (75).
Source
Source: USCG-1998-3884, 71 FR 57651, Sept. 29, 2006, unless otherwise noted.
Amendments
[USCG-1998-3884, 71 FR 57651, Sept. 29, 2006, as amended by USCG-2013-0397, 78 FR 39178, July 1, 2013]