The Federal Maritime Commission (FMC) promulgated a final rule amending the passenger vessel operator (PVO) financial responsibility requirements for nonperformance of transportation to increase the cap on required performance coverage to $30 million over a two year period and thereafter adjust the cap every two years using the Consumer Price Index; adjust the amount of coverage required for small passenger vessel operators by providing for consideration of alternative forms of protection; removing the application form for issuance of certificates of financial responsibility from the Commission regulations and making it available at the website; adding an expiration date to the Certificate (Performance);and making technical adjustments to the regulations. The amendments comes into effect on 2 April. 78 Fed. Reg. 13268 (February 27, 2013).

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