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FEDERAL · 30 CFR

Part 553 — Oil Spill Financial Responsibility for Offshore Facilities

38 sections · Title 30: Mineral Resources

§ 553.1What is the purpose of this part?
§ 553.3How are the terms used in this regulation defined?
§ 553.5What is the authority for collecting Oil Spill Financial Responsibility (OSFR) information?
§ 553.10What facilities does this part cover?
§ 553.11Who must demonstrate OSFR?
§ 553.12May I ask BOEM for a determination of whether I must demonstrate OSFR?
§ 553.13How much OSFR must I demonstrate?
§ 553.14How do I determine the worst case oil-spill discharge volume?
§ 553.15What are my general OSFR compliance responsibilities?
§ 553.20What methods may I use to demonstrate OSFR?
§ 553.21How can I use self-insurance as OSFR evidence?
§ 553.22How do I apply to use self-insurance as OSFR evidence?
§ 553.23What information must I submit to support my net worth demonstration?
§ 553.24When I submit audited annual financial statements to verify my net worth, what standards must they meet?
§ 553.25What financial test procedures must I use to determine the amount of self-insurance allowed as OSFR evidence based on net worth?
§ 553.26What information must I submit to support my unencumbered assets demonstration?
§ 553.27When I submit audited annual financial statements to verify my unencumbered assets, what standards must they meet?
§ 553.28What financial test procedures must I use to evaluate the amount of self-insurance allowed as OSFR evidence based on unencumbered assets?
§ 553.29How can I use insurance as OSFR evidence?
§ 553.30How can I use an indemnity as OSFR evidence?
§ 553.31How can I use a surety bond as OSFR evidence?
§ 553.32Are there alternative methods to demonstrate OSFR?
§ 553.40What OSFR evidence must I submit to BOEM?
§ 553.41What terms must I include in my OSFR evidence?
§ 553.42How can I amend my list of COFs?
§ 553.43When is my OSFR demonstration or the amendment to my OSFR demonstration effective?
§ 553.44§ 553.44 [Reserved]
§ 553.45Where do I send my OSFR evidence?
§ 553.50How can BOEM refuse or invalidate my OSFR evidence?
§ 553.51What are the penalties for not complying with this part?
§ 553.60To whom may I present a claim?
§ 553.61When is a guarantor subject to direct action for claims?
§ 553.62What are the designated applicant's notification obligations regarding a claim?
§ 553.700What is the scope of this subpart?
§ 553.701To which entities does this subpart apply?
§ 553.702What limit of liability applies to my offshore facility?
§ 553.703What is the procedure for calculating the limit of liability adjustment for inflation?
§ 553.704How will BOEM publish the offshore facility limit of liability adjustment?