US Coast Guard seeking input on financial responsibility

The US Coast Guard is seeking public comment on a proposal to expand regulations on vessel financial responsibility for all tank vessels greater than 100 gross tons and make other amendments that clarify and update reporting requirements to reflect current practice and remove unnecessary regulations.
This proposed rule would ensure that the Coast Guard has current information when there are significant changes in a vessel’s operation, ownership, or evidence of financial responsibility, and would reflect current best practices in the Coast Guard’s management of the Certificate of Financial Responsibility program.

For full details, read the Federal Register Notice of Proposed Rulemaking
Source: Chamber of Shipping 
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