Common use of Certificate of Financial Responsibility Clause in Contracts

Certificate of Financial Responsibility. If the Vessel at any time shall call on any US port, the Charterers shall (and will procure that the Approved Manager will), in accordance with the regulations of the Oil Pollution Act and in line with the requirements of the US Coast Guard, obtain in time a Certificate of Financial Responsibility (C.O.F.R), a copy of which shall promptly be provided to the Owners at the request of the Owners.