NACO

National Association of Charterboat Operators

NACO-USCG_Serious Marine Incident & Reportable Marine Casualty

NACO has been involved in working with the USCG to modify the current reporting requirements for anyone involved in a reportable marine casualty property damage incident and the changes in serious marine Incident (SMI) property damage threshold.  The current financial requirements for reporting a marine casualty damage incident is only $25,000 and the financial threshold is $100,000.  These figures were established years ago.  In addition, the crew involved in a SMI is also subject to immediate drug and alcohol testing.

This new rule will take effect on April 18, 2018.  It modifies the financial requirements from $25,000 to $75,000 in property damages and from $100,000 to $200,000 in the threshold.  These new figures represent the increases in inflation since the original figures were established.  What this rule does is reduce the reportable accidents which reduces the potential burden on all passenger vessels and will also reduce the potential for mandatory drug and alcohol testing of the crews involved in such accidents.  NACO has worked with other passenger vessel associations and the USCG to have this new rule implemented.

This is just one more in a long history of benefits that NACO provides our members.  This rule will reduce the regulatory burden and potential expense for all passenger carrying vessels.

Here is the Federal Register notice.

https://www.gpo.gov/fdsys/pkg/FR-2018-03-19/html/2018-05467.htm

Capt. Bob Zales, II

President

Capt. Bob Zales, II

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