Public Law 92-500
Definition of "Public law 92-500"
Amendments to the water quality improvement act of 1970 that extends liability of shipowners to any hazardous substances discharged by their ships. The 1970 act made shipowners responsible for cleanup of oil spills. Public Law 92-500 (the Federal Water Pollution Control Act Amendments of 1972) extended responsibility to other hazardous substances.
Popular Insurance Terms
Mistake made during the manufacturing process of a product that results in an inherent defect in the product. This mistake is covered under products and completed operations insurance. ...
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