The final rule adjusts the limits of liability for vessels, deepwater ports, and onshore facilities under the Oil Pollution Act of 1990, as amended, to reflect the increase in the Consumer Price Index since 2015. These regulatory inflation increases to the limits of liability are required by OPA 90 and are necessary to preserve the deterrent effect and “polluter pays” principle embodied in the Act.
Source: Investigations & Casualty Analysis
Link: Consumer Price Index adjustments of Oil Pollution Act of 1990 limits of liability