In addition to the Federal COFR requirement, California requires a California COFR for:
The California liability limits are as follows:
Tankers: Owners or operators of tankers and large barges must demonstrate the financial ability to pay at least one billion U.S. dollars (USD $1,000,000,000) for damages arising from an oil spill.
Nontanks: Operator(s) or owner(s) of nontank vessels are required to demonstrate $300,000,000 USD in financial responsibility, except those that have a carrying capacity of 6,500 barrels of oil or less, or a carrying capacity of 7,500 barrels of oil or less for nontank vessels owned and operated by California or a federal agency, shall demonstrate their current financial ability to pay the following appropriate amount of financial responsibility:
$2,000,000 for those that have a carrying capacity from less than 1 to not more than 10 barrels;
$5,000,000 for those that have a carrying capacity greater than 10 to not more than 50 barrels;
$10,000,000 for those that have a carrying capacity greater than 50 to not more than 500 barrels;
$18,900,000 for those that have a carrying capacity greater than 500 to not more than 1,000 barrels.
In order to apply for a California COFR on your behalf, we will require a copy of your current P&I Certificate of Entry showing all deductibles. Please note that applications and evidence of financial responsibility will be reviewed by CA DFG within 21 calendar days of receipt.
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