CFR > Title 33 - Navigation and Navigable Waters > CHAPTER I—COAST GUARD, DEPARTMENT OF HOMELAND SECURITY > SUBCHAPTER NN—DEEPWATER PORTS (parts 148 to 150) > PART 148—DEEPWATER PORTS: GENERAL > SUBPART F—Exemption From or Adjustments to Requirements in This Subchapter (§148.500 to §148.605) > 148.605—How is the limit of liability determined?

148.605—How is the limit of liability determined?

(a) The Coast Guard may lower the $350,000,000 limit of liability for deepwater ports set by 33 U.S.C. 2704(a)(4), pursuant to paragraph (d) of that section, particularly for natural gas deepwater ports that will store or use oil in much smaller amounts than an oil deepwater port.
(b) Requests to adjust the limit of liability for a deepwater port must be submitted to the Commandant (CG-5). Adjustments are established by a rulemaking with public notice and comment that may take place concurrently with the processing of the deepwater port license application.