GroundRules
33 CFR 136.235: Compensation allowable.
Where this section sits in the code
- Title 33—Navigation and Navigable Waters
- CHAPTER I—COAST GUARD, DEPARTMENT OF HOMELAND SECURITY
- SUBCHAPTER M—MARINE POLLUTION FINANCIAL RESPONSIBILITY AND COMPENSATION
- PART 136—OIL SPILL LIABILITY TRUST FUND; CLAIMS PROCEDURES; DESIGNATION OF SOURCE; AND ADVERTISEMENT
- Subpart C—Procedures for Particular Claims
The amount of compensation allowable is limited to the actual net reduction or loss of earnings or profits suffered. Calculations for net reductions or losses must clearly reflect adjustments for—
(a) All income resulting from the incident;
(b) All income from alternative employment or business undertaken;
(c) Potential income from alternative employment or business not undertaken, but reasonably available;
(d) Any saved overhead or normal expenses not incurred as a result of the incident; and
(e) State, local, and Federal taxes.
Government Public Services
Collected 2026-08-27T02:25:35Z. Source file · JSON