# 30 C.F.R. § 553.1 (2026): What is the purpose of this part?

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T30_P553_S553_1

## Section

- **Citation:** 30 C.F.R. § 553.1 (2026)
- **Heading:** What is the purpose of this part?
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 30 CFR: Mineral Resources / Chapter V: BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR / Part 553: OIL SPILL FINANCIAL RESPONSIBILITY FOR OFFSHORE FACILITIES / Subpart A: General / § 553.1: § 553.1   What is the purpose of this part?

## Text

This part establishes the requirements for demonstrating Oil Spill Financial Responsibility for covered offshore facilities (COF), sets forth the procedures for claims against COF guarantors, and sets forth the limit of liability for offshore facilities, as adjusted, un der Title I of the Oil Pollution Act of 1990, as amended, 33 U.S.C. 2701
et seq.
(OPA).
[79 FR 73839, Dec. 12, 2014]

## Nearby sections

- [30 C.F.R. § 553.1 (2026) § 553.1   What is the purpose of this part?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P553_S553_1.md)
- [30 C.F.R. § 553.3 (2026) § 553.3   How are the terms used in this regulation defined?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P553_S553_3.md)
- [30 C.F.R. § 553.5 (2026) § 553.5   What is the authority for collecting Oil Spill Financial Responsibility (OSFR) information?](https://www.frixlaw.com/law-library/statutes/CFR_T30_P553_S553_5.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T30_P553_S553_1. Check the current official text before relying on it. Not legal advice.