A number of commenters frequently supported the proposal to permit limiting 3rd-occasion ensures to a particular total. Response:
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Thus, the club was in 12th put in the Third Division, 5 points from advancing to the 2nd phase, together with four factors earlier mentioned the relegation zone.
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Commenters advisable that BOEM be steady and intentional in its utilization of “economical assurance,” “protection,” and “bond” in the last rule. Precisely, they questioned BOEM to look at using the worldwide term “security” as while in the 2020 Proposed Rule in lieu of “economical assurance,” which rather can check with the whole process of furnishing security instead of the security alone. Response:
Numerous commenters asserted that the worth of decommissioning legal responsibility ought to be extra back on the reserve benefit to avoid double counting.
Commenters usually supported the proposal to evaluate a possible guarantor utilizing the exact same credit ranking or proxy credit history score criterion as proposed for lessees. Response:
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A commenter advised the Division shouldn't demand supplemental bonding for RUEs that happen to be servicing and connected to significant benefit leases for the reason that some companies have desire within the reserves related to a RUE granted to maintain a platform operational on an expired lease for servicing production on An additional lease. Reaction:
Several commenters proposed that the Office totally eliminate the analysis to find out if supplemental economical assurance is required. Just one commenter particularly questioned the Department to reduce this phase solely and to simply involve all OCS leaseholders, irrespective of economical power, to deliver supplemental financial assurance.
(88 FR 86285), which would amend the bonding demands when submitting an attractiveness of the BSEE civil penalty. The proposed polices would involve that entities attractive a BSEE civil penalty selection for the IBLA need to have a bond masking the civil penalty evaluation amount of money for the IBLA to have jurisdiction more than the attraction. More, an charm bond necessity by now relates to appeals of civil penalties assessed by BOEM and orders of your Office of Natural Resources Revenue (ONRR). Such a necessity is equally acceptable if the influence of the modify in conditions with the appellant, for instance individual bankruptcy or insolvency, could go away DOI with no means of performing decommissioning.