On Monday, March 19, 2018, the Coast Guard published its final rule amending the monetary property damage threshold amounts for reporting a marine casualty and for reporting a type of marine casualty called a ‘‘serious marine incident.’’ The threshold for reporting a “serious marine incident” has not been changed since the 1980s and has not kept up with inflation. The present monetary threshold is $25,000. The new regulation increases it to $75,000. The new regulation is effective on April 18, 2018.The announcement and final rule may be found following this link:https://www.gpo.gov/fdsys/pkg/FR-2018-03-19/pdf/2018-05467.pdf
