Examples of OCS in a sentence
Such insurance shall be purchased from an insurance company with a current A.M. Best’s rating of no less than A:VII unless otherwise agreed to in writing by OCS.
SFWG shall provide proof of such coverage, including a certificate of insurance, a copy of the policy of insurance and any endorsements, to OCS upon OCS’s request.
In an effort to require early and regular engagement with Tribal governments, ocean users, underserved communities, agencies, and other stakeholders that may be potentially affected by activities on the OCS (collectively “Tribes and parties”), BOEM is proposing to require a semi-annual progress report and minimum engagement requirements.
The intent of this requirement is to improve Lessee communication and transparency with affected Tribes, parties, and members of the public, and to encourage lessees to identify and engage with underserved communities, including environmental justice communities that may be disproportionately impacted by a project’s OCS activities, in order to avoid, minimize, and mitigate potential adverse effects by, for example, investing in these communities.
Considerations for the delineation of Lease Area may include: equal commercial viability and size; prevailing wind direction and minimal wake effects; maximized energy generating potential; mooring system anchor footprints and extents; possible setbacks at Lease Area boundaries; distance to shore, port infrastructure, and electrical grid interconnections; and fair return to the Federal Government pursuant to the OCS Lands Act through competition for commercially viable lease areas.