(a) The Coast Guard may lower the $350,000,000 limit of liability for deepwater ports set by 33 U.S.C. 2704(a)(4), pursuant to paragraph (d) of that section, particularly for natural gas deepwater ports that will store or use oil in much smaller amounts than an oil deepwater port.
CFR 33-148.605-2013 history
2013CFR 33-148.605-2013 Navigation and navigable waters. Part148:Deepwater ports: general. Section148.605:How is the limit of liability determined?