NPFC 2023 notification of changes to OPA90 COFR Limits further to the latest Consumer Price Index Adjustment
The U.S. Oil Pollution Act 1990 (OPA 90) provides for periodic adjustments of the OPA90 limits of liability in line with increases in the Consumer Price Index (CPI); reviewed not less than every three years. On 3 January 2023, the United States Coast Guard published a CPI increase to come into effect on 23 March 2023.
3 January 2023
Please click here to download and read the full circular.
Please find further details on their website: Federal Register :: Consumer Price Index Adjustments of Oil Pollution Act of 1990 Limits of Liability-Vessels, Deepwater Ports and Onshore Facilities