Originally Posted by Houdini

Oil Pollution Act:

"§1004 The liability for tank vessels larger than 3,000 gross tons is increased to $1,200 per gross ton or $10 million, whichever is greater. Responsible parties at onshore facilities and deepwater ports are liable for up to $350 millon per spill; holders of leases or permits for offshore facilities, except deepwater ports, are liable for up to $75 million per spill, plus removal costs. The Federal government has the authority to adjust, by regulation, the $350 million liability limit established for onshore facilities."

http://www.epa.gov/oem/content/lawsregs/opaover.htm

The government is certainly going to fight for more but current liability is $75 million.