API API-580 Question Answer
A risk assessment requires a cost estimate of potential environmental damage. Vessel replacement cost is $116,000, and downtime will be 15 days at a cost of $55,000 per day. The EPA fine for a leak of more than 1500 gallons is $1,650,000, and cleanup will cost $1,145,000. What total value will be assigned to the environmental cost of a leak?
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