What is the process of getting cofr under opa and who gives cofr ? who gives the monetory guarantee bond for it ?

36
FOLLOW

CoFR is issued by NPFC estd by USCG under OPA-90. This is similar to CLC and is issued only if the owner/operator provides evidence of financial responsibility to pay for removal costs and damages up to the applicable limit of liability, which is based on the gross tonnage and type of the vessel (e.g., higher limits apply to tank vessels than cargo vessels).