Federal & State COFR Requirements


Federal OPA


COFR Vessels required to have COFR any vessel over 300 gt Tankers


double hull tanker of 3000gt or less: greater of $4,272,000 or $2000/gt; double hull tanker more than 3000gt: greater of $17,088.00 or $2000/gt; single hull but double sides tanker of 3000gt or less: greater of $6,408,000 or $3200/gt; single hull but double sides tanker more than 3000gt: greater of $23,496,000 or $3200/gt


Alaska


tanker (including oil barges); non- tankers


tanker carrying crude oil: greater of $469.80/barrel or $156.60m, tanker carrying non crude oil: greater of $156.60/barrel or $1.566m, subject to a maximum of $54,810,000


California


tanker; non-tanker; vessels carrying oil as secondary cargo (VCOASC)


tankers and barges with capacity of 150,000 barrels or more $1b; for smaller tankers and barges, based on the quantity of oil carried and risk, but amount cannot be less than expected costs from a worst case oil spill.


Delaware any vessel over 300 gt


$300/gt with a minimum of $250,000 and a maximum of $30m


Florida all vessels transporting oil as cargo same as OPA amounts


Amount Other Vessels greater of $854,000 or $1000/gt Evidence of Financial Responsibility


self-insurance, letter of credit, insurance, surety, guarantee or other evidence of financial responsibility


non-tank vessels over 400gt – carrying persistent product, greater of $469.80/barrel or $7.830m; - carrying non-persistent product, greater of $156.60/barrel or $1.566m.


Non-tank vessels, $300 million; non-tank vessels with capacity of 6,500/barrel or less, range from $2m to $18.9m based on capacity; VCOASC, based upon formula of maximum per barrel cleanup and damage costs multiplied by maximum oil cargo capacity


$150/gt


tankers; use charterer, oil company, or terminal’s COFR; nontank vessels; use P&I Club Certificate of Entry (deductible endorsement is neededif deductilbe exceeds $50,000)


P & I Club Certificate of Entry accepted


self-insurance, insurance, surety, guarantee


OPA COFR accepted


Louisiana


tanker capable of carrying 10,000 gallons of oil


same as OPA amounts


OPA COFR accepted (for tanker not covered by OPA, ie. below 100gt, but capable of carrying 10,000 gallons of oil, owner or operator must establish and maintain evidence in a form prescribed by the state.


Maryland


any vessel carrying more than 25 barrels of oil


$500/gt $500/gt


bond or other evidence approvable by Dept. of Environment, OPA COFR accepted


Massachussetts


any vessel transporting or discharging oil as cargo


$1 billion


vessels carrying less than 6,000b, $5m


P & I Club Certificate of Entry accepted, self-insurance, insurance, surety, letter of credit or other evidence approved by state


Revised as of June 2011 (for further updates see website www.ukpandi.com)


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