Oil Spill Liability Increases

WASHINGTON (CN) - The U.S. Coast Guard is increasing the maximum liability of vessel and deepwater port owners for oil or fuel spilled from their vessel or facilities to reflect significant increases in the Consumer Price Index.

The maximum liability will increase 6.8 percent.

Liability varies depending on the type or vessel or facility in question, ranging from $2,000 per gross tonnage of a vessel up to $373.8 million for deepwater ports.

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