Section §1004 of the Oil Pollution Act provides:
“The liability for tank vessels larger than 3,000 gross tons is increased to $1,200 per gross ton or $10 million, whichever is greater. Responsible parties at onshore facilities and deepwater ports are liable for up to $350 millon per spill; holders of leases or permits for offshore facilities, except deepwater ports, are liable for up to $75 million per spill, plus removal costs. The Federal government has the authority to adjust, by regulation, the $350 million liability limit established for onshore facilities.”
Despite the $75M liability cap established by the OPA, U.S. lawmakers are discussing icreasing that liability cap in response to the Gulf Oil Spill.
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