COAST GUARD UNVEILS TANKER INSURANCE RULES

The U.S. Coast Guard has proposed rules requiring owners and operators of tankers exceeding 300 gross tons to meet certain insurance requirements. The 1990 Oil Pollution Act (OGJ, Sept. 30, p. 21) and the Comprehensive Environmental Response, Compensation, and Liability Act-the so-called Superfund Act-required the Coast Guard rulemaking, which was detailed in the Sept. 26 Federal Register. The Coast Guard asked for comments on the rule by Nov. 25 and may hold hearings on it later.

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