Federal & State COFR Requirements


New Jersey New York Oregon Rhode Island South Carolina


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


lightering vessel (however oil transfer operations in SC are almost exclusively performed at terminals)


Texas


any vessel capable of carryng 10,000 gallons of oil as cargo or fuel


Tankers same as OPA amounts same as OPA amounts same as OPA amounts same as OPA amounts $14m


Amount Other Vessels same as OPA amounts same as OPA amounts same as OPA amounts Evidence of Financial Responsibility


OPA COFR accepted, self-insurance, guarantee, insurance, surety, letter of credit


OPA COFR accepted, insurance, self-insurance, surety, guarantee, letter of credit


OPA COFR accepted OPA COFR accepted


self-insurance, insurance, surety, or other evidence acceptable by Dept. of Health and Environmental Control


same as OPA amounts


same as OPA amounts; if a vessel is not required under federal law to maintain evidence of financial responsibility, then owner or operator of that vessel must establish and maintain evidence in an amount and form prescribed by the state.


Virgin Islands any vessel, including any barge


based on the tonnage of the ship or the cargo carried


Virginia


tanker capable of carrying 15,000 gallons of oil as cargo


Proof of federal COFR or 500/gt based on the tonnage of the ship or the cargo carried


OPA COFR accepted (P&I Certificate of Entry accepted, but direct action permitted by Texas law) [for vessel not covered by OPA ie. below 300gt, but capable of carrying 10,000 gallons of oil as cargo or fuel, the practical COFR situation is unknown]


bond, insurance, self-insurance, surety, other evidence satisfactory to the Territory


OPA COFR accepted (P&I Certificate of Entry accepted, but direct action permitted by Virginia law) self-insurance, insurance, guaranty or surety, or any other method approved by the State


Washington any vessel tanker: $1b; barge: greater of $330/gt or $5m


cargo vessel or passenger vessel : $300m; passenger vessel that transports passengers and vehicles between the state and a foreign country, greater of at least $600/gt or $500,000;


insurance, self-insurance, surety; OPA COFR accepted so long the level of financial responsibility required by the federal government is the same as or exceeds state requirements; for tanker, cargo or passenger vessel, exempt if entered with an international protection and indemnity mutual organization and insured for amounts that meet or exceed State requirements


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


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