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Spill Prevention.

 

Oil Storage Tank

Preventing an oil or chemical spill is good business. Although US and global regulations mandate qualifying storage facilities to address spill prevention or response prescriptively, prevention can lead to a preservation of product losses, potential fines, and corporate brand and reputation. As corporate spill clean-up liability costs get increased exposure on the balance sheet, such as fair value valuation of liabilities in the US (see FASB 157), proactive spill prevention practices makes business sense.

 

Manage risks by leveraging spill prevention program through:

  • Asset Management
  • Compliance Assurance
  • Risk Mitigation Practices
  • Cost Controls

 

US Federal Spill Prevention Programs:

  • Spill Prevention, Control, and Countermeasure (SPCC)
  • Facility Response Plan (FRP)
  • Emergency Planning and Community Right-to-Know Act (EPCRA)

  • Risk Management Plan (RMP)

 

Contact us to see how we can serve you in this area. Spill Prevention Contact