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The owner or operator of any facility that is covered by this chapter must demonstrate financial responsibility as defined in the table below:
Facility Type | Financial Responsibility Amounts | Maximum Amount Required |
Class 1 facility (oil handling facilities including refineries and marine terminals) | $12,500 per barrel times worst case spill (WCS) volume | $300,000,000 |
Class 1 facility (offshore facilities) | $12,500 per barrel times worst case spill (WCS) volume | $300,000,000 |
Class 1 facility (pipelines) | $12,500 per barrel times worst case spill (WCS) volume | $300,000,000 |
Class 2 facility (mobile tank units) | $12,500 per barrel times 30 percent of the entire contents of the container(s) in which the oil is stored or transported | $5,000,000 |
Class 3 facility (small marine terminals) | $12,500 per barrel times the volume of the largest facility tank | $5,000,000 |
[Statutory Authority: Chapter 88.40 RCW. WSR 24-13-065 (Order 22-14), ยง 173-187-110, filed 6/14/24, effective 7/15/24.]