Under the Oil Pollution Act of 1990 (“OPA 90”) and the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”) all vessels over 300 gross tons using the navigable waters of the United States must have a Certificate of Financial Responsibility (COFR) in place. This guarantees the U.S. Coast Guard (“USCG”) that the limitation amounts under OPA ’90 or CERCLA will be paid if, the shipowner's obligatory P&I cover does respond or suffice. Depending on each vessel's particulars applicable warranties, premium levels and Limits of Liabilities (LOL) may vary. Normally, the USCG requires 21 days to process the application and publish the certificate in their website. For more information on COFR including but not limited to LOL, COFR search engine and regulations please visit: http://www.uscg.mil/ccs/NPFC/COFRs/default.asp