Via Workboat.com

Coast Guard raises marine casualty report threshold to $75,000

The Coast Guard has raised the limit on damages that trigger a marine casualty report to keep pace with inflation, and eliminate the burden of chronicling and investigating relatively minor mishaps.

The new property damage threshold is $75,000, up from $25,000 and $3,000 higher than originally proposed. The limit for a serious marine incident, which requires mandatory drug and alcohol testing, is $200,000, up from $100,000 but still lower than many industry advocates sought.

The final rule published Monday – the first change since the amounts were established in the 1980s – is effective April 18.

“This is a big step forward. We welcome these improved thresholds,” said John Groundwater, executive director of the Passenger Vessel Association (PVA). “We would have liked to see higher numbers, but we’re generally pleased. It will be helpful.”

The American Waterways Operators (AWO) also supported the increase.

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