seabet Fundamentals Explained
seabet Fundamentals Explained
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Several commenters generally supported the proposal to permit limiting third-get together assures to a certain sum. Reaction:
We have already got superior-degree facts with regards to the seabed ailments from reconnaissance surveys done in 2022. With the level of detail captured within the new surveys, nevertheless, we can easily structure the most effective foundations for every turbine and platform during the undertaking. We assume equivalent specific surveys to take place at DBS East Sooner or later.”
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No feedback ended up acquired especially within the proposed amendment to rename the lease-particular abandonment accounts in 30 CFR 556.904 as “Decommissioning Accounts” or maybe the proposed Modification to remove the prerequisite to pledge Treasury securities to fund the account before the funds equal the utmost amount insurable with the FDIC/FSLIC.
An extra commenter pointed out that BOEM should really eliminate the time period and definition of issuer credit score ranking from element 550 because it is just not Employed in the component. Response:
The Division proposed and is particularly finalizing revisions on the supplemental fiscal assurance demands for third-occasion ensures and decommissioning accounts, and prerequisites for transfers, as reviewed in the subsections underneath.
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In addition, challenges arising in individual bankruptcy proceedings, including the inability to promote considerably less useful assets that fail to create new consumers at auction, may result in unplugged wells and orphaned infrastructure. This could lead to the American taxpayer spending the expense to plug People wells and decommission that abandoned infrastructure.
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But the relevance of the resolution is limited. It focuses solely on the security of navigation and of existence at sea, such as assets as well as maritime surroundings.