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Multiple commenters typically supported the proposal to allow restricting 3rd-celebration ensures to a certain amount. Response:
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A person commenter expressed concern that the proposed rule specifies that an charm bond will “automatically” convert to a monetary assurance obligation should really the lease operator reduce its enchantment and noted that bonds will not work in this method. If finalized, the commenter asserted which the attraction bond should really give a specific number of times for that lease operator to post its money assurance obligation to allow the surety to underwrite the operator at some time the bond is decided to be justified.
Final year, NBI reported that an First inquiry by investigators and authorities observed a path of about one½ to 4 meters (five to 13 toes) about the seabed that was observed to lead to The purpose of damage while in the gasoline pipeline.
Commenters expressed concerns with BOEM's proposed definition of “You” and asserted that BOEM was imposing to the controlled community the duty to verify which persons lined with the definition are issue to the precise regulatory prerequisites of each segment.
Commenters also asserted that the proposed rule disregarded joint and several other liability, Which by creating a procedure that does not account with the monetary strength of liable predecessors, the proposed rule insulates predecessor lessees from their liabilities and relieves them of the necessity to execute due diligence when marketing their lease(s) into a subsequent lessee. Reaction:
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The bottom investigation will use a combination of Cone Penetration Checks (CPT) and sampling boreholes and can be an extensive geotechnical marketing campaign for one of several world’s most significant offshore wind assignments.
The proposed rule didn't call for that an charm bond “change” to your fiscal assurance obligation and BOEM is just not finalizing the rule to involve conversion. If an appellant missing its attractiveness, the attractiveness bond may be “converted” to monetary assurance if that is a viable method, or the lessee who shed the attractiveness must give Various other satisfactory form of monetary assurance. Neither the proposed nor final rule specify a timeline for this provision of monetary assurance.
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