Question 2962 Deck General

The correct answer is A) has financial backing to meet any liability resulting from the discharge of oil. A Certificate of Financial Responsibility (COFR) attests that the vessel owner has the necessary financial resources to cover any liability that may result from an oil spill or discharge. This is a requirement under the Oil Pollution Act of 1990 (OPA 90) for vessels operating in US waters. The COFR ensures the vessel owner has the financial means to pay for cleanup costs and damages in the event of an oil pollution incident, protecting the environment and public interests. The other options are incorrect because they do not accurately describe the purpose of a COFR. Option B refers to insurance requirements, option C is about crew costs, and option D is about general liability, which is not the specific focus of a COFR.