Clean-up costs for last month's oil spill in San Francisco Bay are on track to exceed the $61 million (euro42.31 million) federal insurance liability limit, the U.S. Coast Guard said Tuesday.
As of last Saturday, $54.7 million (euro37.94 million) has been spent to respond to last month's 58,000-gallon (219,547-liter) spill, with clean-up costs averaging about $770,000 (euro534,129) per day, the agency said.
The cost of clean-up is expected to surpass the $61 million (euro42.31 million) liability cap on insurance payments by the Hong Kong-based owner of the Cosco Busan, the cargo ship that sideswiped the San Francisco-Oakland Bay Bridge in heavy fog on Nov. …
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