# 30 CFR § 553.1: What is the purpose of this part?

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-30-553.1

## Section

- **Citation:** 30 CFR § 553.1
- **Heading:** What is the purpose of this part?
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 30—Mineral Resources > CHAPTER V—BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR > SUBCHAPTER B—OFFSHORE > PART 553—OIL SPILL FINANCIAL RESPONSIBILITY FOR OFFSHORE FACILITIES > Subpart A—General

## 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 CFR § 553.1 § 553.1 What is the purpose of this part?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.1.md)
- [30 CFR § 553.3 § 553.3 How are the terms used in this regulation defined?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.3.md)
- [30 CFR § 553.5 § 553.5 What is the authority for collecting Oil Spill Financial Responsibility (OSFR) information?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.5.md)
- [30 CFR § 553.10 § 553.10 What facilities does this part cover?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.10.md)
- [30 CFR § 553.11 § 553.11 Who must demonstrate OSFR?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.11.md)
- [30 CFR § 553.12 § 553.12 May I ask BOEM for a determination of whether I must demonstrate OSFR?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.12.md)
- [30 CFR § 553.13 § 553.13 How much OSFR must I demonstrate?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.13.md)
- [30 CFR § 553.14 § 553.14 How do I determine the worst case oil-spill discharge volume?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.14.md)
- [30 CFR § 553.15 § 553.15 What are my general OSFR compliance responsibilities?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.15.md)
- [30 CFR § 553.20 § 553.20 What methods may I use to demonstrate OSFR?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.20.md)
- [30 CFR § 553.21 § 553.21 How can I use self-insurance as OSFR evidence?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.21.md)
- [30 CFR § 553.22 § 553.22 How do I apply to use self-insurance as OSFR evidence?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.22.md)
- [30 CFR § 553.23 § 553.23 What information must I submit to support my net worth demonstration?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.23.md)
- [30 CFR § 553.24 § 553.24 When I submit audited annual financial statements to verify my net worth, what standards must they meet?](https://www.frixlaw.com/law-library/statutes/ecfr-30-553.24.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-30-553.1. Check the current official text before relying on it. Not legal advice.