§ 553.20 What methods may I use to demonstrate OSFR?
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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 C—Methods for Demonstrating OSFR
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As the designated applicant, you may satisfy your OSFR requirements by using one or a combination of the following methods to demonstrate OSFR:
(a) Self-insurance under §§ 553.21 through 553.28;
(b) Insurance under § 553.29;
(c) An indemnity under § 553.30;
(d) A surety bond under § 553.31; or
(e) An alternative method the Director approves under § 553.32.
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