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2014 cg 5585 certificate financial responsibility water form free

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The document is an application form (CG-5585) for obtaining a Certificate of Financial Responsibility for vessels under the U.S. Coast Guard, specifically related to water pollution liability. It outlines the necessary steps, required information, and evidence of financial responsibility that applicants must provide to comply with federal regulations. The form includes sections for applicant details, vessel information, methods of establishing financial responsibility (such as insurance or surety bonds), and declarations by authorized officials.

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2022	4.5 Satisfied (53 Votes)
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What does the COFR stand for?

Certificate of Financial Responsibility (COFR) The National Pollution Funds Center is tasked with administering the vessel financial responsibility portions of the Oil Pollution Act of 1990 (OPA) and the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA).

How long is a COFR valid?

A Certificate of Financial Responsibility (COFR) will be issued within the 30-day period for a term not to exceed two years.

What is the certificate of financial responsibility?

The Certificate of Financial Responsibility (COFR) program was created to ensure that tankers, barges, and other vessels used to transport oil and chemical-based products on U.S. should bear any ensuing cleanup costs from spills or leaks. This is based on the Oil Pollution Act of 1990 and other environmental statutes.

What is a certificate of financial responsibility?

With a few limited exceptions, vessels greater than 300 gross tons and vessels of any size that are lightering or transshipping oil in the Exclusive Economic Zone (EEZ) are required to comply with the COFR regulations in order to operate in U.S. waters.

What is the maximum penalty for a ship trading to a US port without a certificate of financial responsibility?

Operators who do not comply with the COFR requirements are subject to: Detainment. Denial of entry into U.S. ports. Civil penalties of up to $44,539 per day. Seizure or forfeiture of the vessel.