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 <subject>Cost analysis</subject>
 <subject>Environmental cleanups</subject>
 <subject>Military cost control</subject>
 <subject>Oil pollution</subject>
 <subject>Oil spills</subject>
 <subject>Pollution</subject>
 <subject>Pollution control</subject>
 <subject>Risk assessment</subject>
 <subject>Trust funds</subject>
 <subject>Cost estimates</subject>
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 <subject>Oil Spill Liability Trust Fund</subject>
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<titleInfo>
 <title>Maritime Transportation: Major Oil Spills Occur Infrequently, but Risks Remain</title>
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<abstract>When oil spills occur in U.S. waters, federal law places primary
liability on the vessel owner or operator--that is, the 	 
responsible party--up to a statutory limit. As a supplement to	 
this &quot;polluter pays&quot; approach, a federal Oil Spill Liability	 
Trust Fund administered by the Coast Guard pays for costs when a 
responsible party does not or cannot pay. This testimony is based
on GAO&apos;s September 2007 report on oil spill costs and select	 
program updates on the recent San Francisco spill. Specifically, 
it answers three questions: (1) How many major spills (i.e., at  
least $1 million) have occurred since 1990, and what is their	 
total cost? (2) What factors affect the cost of spills? and (3)  
What are the implications of major oil spills for the Oil Spill  
Liability Trust Fund?</abstract>
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<identifier type="preferred citation">GAO-08-357T</identifier>
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<note>Testimony</note>
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 <searchTitle>GAO-08-357T; Maritime Transportation: Major Oil Spills Occur Infrequently, but Risks Remain;
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 <topic>Cost analysis</topic>
 <topic>Environmental cleanups</topic>
 <topic>Military cost control</topic>
 <topic>Oil pollution</topic>
 <topic>Oil spills</topic>
 <topic>Pollution</topic>
 <topic>Pollution control</topic>
 <topic>Risk assessment</topic>
 <topic>Trust funds</topic>
 <topic>Cost estimates</topic>
 <topic>Operations and maintenance costs</topic>
 <topic>Program costs</topic>
 <topic>Program implementation</topic>
 <topic>Oil Spill Liability Trust Fund</topic>
</subject>
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 <titleInfo>
  <title>United States Public Law 58 (109th Congress)</title>
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 <identifier type="public law citation">Public Law 109-58</identifier>
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  <title>United States Public Law 241 (109th Congress)</title>
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 <identifier type="public law citation">Public Law 109-241</identifier>
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