From the United States Coast Guard: As a reminder, the amendments to the regulations in 46 CFR Part 4 for Marine Casualty Reporting Property Damage Thresholds published in the Final Rule March 19, 2018, became effective on April 18, 2018.

As a result:
• The property damage threshold for a marine casualty that requires immediate notice under 46 CFR 4.05-1 and the written report under 46 CFR 4.05-10 is now $75,000.
• The property damage threshold for an incident to be classified as a serious marine incident (SMI) as defined in 46 CFR 4.03-2 is now $200,000.
• In addition, technical amendments were made to update various references to the CG-2692 form and its appendixes throughout 46 CFR Part 4.

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