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24, raised that it “could possibly be browse as made up of a desire for actions in the region in excess of the exercising with the freedoms of the higher seas” (p. seventeen). Certainly, like a negative right, independence of navigation, which includes for protesting, will not represent a license to interfere While using the exercise of positive rights

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BOEM agrees Using the commenters' assertion which the First base bond total was determined many years back and acknowledges this benefit really should be reevaluated. Simply because BOEM didn't suggest a brand new benefit from the NPRM and, thus, are unable to revise it in the ultimate rule, BOEM strategies To guage the specific values of the base supplemental financial assurance for RUEs, ROWs, and leases inside a foreseeable future rulemaking.

It's impracticable, Otherwise unachievable, for BOEM to anticipate and address every single conceivable adverse court treatment purchase. For uses of this rule, it suffices to substantiate BOEM's intent the rule's a few factors operate mostly independently of one another: the very first part considers whether or not a lessee is prone to default based on the lessee's credit rating ranking or even the proved reserves on the lease; read more the 2nd component considers the suitable level of financial assurance expected in light-weight of that threat; plus the third part addresses various longstanding and technical issues that do not bear immediately on the first two components.

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A commenter prompt which the Department must not require supplemental bonding for RUEs which have been servicing and associated with large worth leases for the reason that some corporations have interest within the reserves related to a RUE granted to keep up a platform operational on an expired lease for servicing generation on A different lease. Reaction:

Numerous commenters supported using the P70 price and suggested that BOEM undertake the P70 price in the final rule for consistency Using the mentioned goal of the proposed rule: to ensure that latest lessees are monetarily in a position to perform their decommissioning obligations. Response:

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