Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

The potential costs from an oil spill can be astronomical; how can I possibly be expected to finance all cleanup costs and claims?

0
Posted

The potential costs from an oil spill can be astronomical; how can I possibly be expected to finance all cleanup costs and claims?

0

The Oil Pollution Act (OPA) limits a responsible party’s (RP’s) liability for removal costs and damages caused by an oil spill. If an RP pays or incurs removal costs or damages in excess of an applicable liability limit, the RP may present a claim to the NPFC for compensation of the excess amount. 33 U.S.C. ยง 2704 discusses these limitations as well as their exceptions.

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.