33 C.F.R. § 136.235
Compensation allowable
The amount of compensation allowable is limited to the actual net reduction or loss of earnings or profits suffered. Calculations for net reductions or losses must clearly reflect adjustments for—
(a) All income resulting from the incident;
(b) All income from alternative employment or business undertaken;
(c) Potential income from alternative employment or business not undertaken, but reasonably available;
(d) Any saved overhead or normal expenses not incurred as a result of the incident; and
(e) State, local, and Federal taxes.
Notes of Decisions
Cited in 2
cases, 2014–2020 · leading case: Am. S.S. Owners Mut. Prot. & Indem. Ass'n, Inc. v. United States of Am. (E.D.N.Y 2020).
Am. S.S. Owners Mut. Prot. & Indem. Ass'n, Inc. v. United States of Am. (E.D.N.Y 2020). “” 33 C.F.R. § 136.235 . In order to make this showing, a claimant must furnish calculations for net reductions that clearly reflect adjustments for: “(a) All income resulting from the incident; (b) All income from alternative employment or business undertaken; (c) Potential…”
Murphy Oil USA Inc. v. United States, 8 F. Supp. 3d 811 (E.D. La. 2014). “” 33 C.F.R. § 136.235 . Thus, pursuant to the regulations, Murphy’s recovery may not be determined by simply calculating increased expenses associated with an oil spill.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.