Federal Register - August 11, 2021
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Source: Federal Register
Federal Register / Vol. 86, No. 152 / Wednesday, August 11, 2021 / Rules and Regulations
43921
TABLE 1SUMMARY OF THE IMPACTS OF THE FINAL RULE 1
Category
Summary
Applicability
Updates 33 CFR parts 127 and 154 to permit regulated facilities to submit Operations Manuals and Emergency Manuals and amendments in electronic or printed format.
Updates 33 CFR parts 127 and 154 to permit regulated facilities that submit printed Operations Manuals and Emergency Manuals and amendments to submit only one copy in that format.
Updates 33 CFR parts 127 and 154 to permit the Coast Guard to send notices of adequacy or inadequacy to facilities electronically.
Updates 33 CFR parts 127, 154, and 156 to permit regulated facilities to store electronic 2 or printed versions of their Operations Manuals and Emergency Manuals and amendments at the marine transfer areas of their facilities.
60 facilities that transfer LNG and LHG and 703 MTR facilities total of 763 facilities.3
10-year cost savings: $276,689; Annualized: $39,394.
10-year cost savings: $60,512; Annualized: $8,616.
Affected Population Annually
Cost savings to Industry $2020, 7% discount rate
Cost savings to the Coast Guard $2020, 7% discount rate.
Total Cost Savings $2020, 7% discount rate
10-year cost savings: $337,200; Annualized: $48,010.
1 All
dollar figures rounded to the closest whole dollar.
2 Electronic versions at the marine transfer areas of facilities will be on electronic devices that must comply with applicable electrical safety standards. For more details, please see the earlier sections of the preamble to this final rule that discuss paragraphs 127.309a, 127.1309a, and 154.320f.
3 Of the 60 LNG/LHG facilities, we assume 54 will submit their documentation in electronic format and 6 in print. Of the 703 MTR facilities, 527
are expected to submit their documents in electronic format and 176 in print. For a detailed discussion of these estimates and calculations, refer to the Affected Population section of this RA.
Note: Numbers may not sum due to rounding.
A more detailed set of tables comparing the cost savings between the NPRM and the final rule is provided below. Table 2 shows a specific breakdown by each subset of cost savings between the NPRM and the final rule. Table 3 shows the differences between the two, on an aggregated basis for the full 10-year period looking forward after the implementation of the rulemaking. Specific details on the derivation of the numbers for the final rule are discussed later in the RA under
the specific section for each cost element.
As can be seen in table 2, the factor most contributing to the private sector aggregate cost savings increase was, for MTR facilities, the savings from not having to produce printed manuals and amendments to mail to the COTP. This one cost savings element, $1,944, accounted for approximately 63 percent of the aggregate increase in total private sector costs of $3,088. With respect to total cost savings for both the private sector and the government, $4,278, two
cost elements accounted for the overwhelming majority of the cost increase. Those two cost elements were, for MTR facilities, the cost savings from not having to produce printed manuals and amendments to mail to the COTP
accounting for 45 percent of the total increase of $4,278 and, for the Coast Guard, the cost savings from not having to mail printed manuals and amendments back to facilities accounting for 28 percent of the increase.
TABLE 2ANNUAL COST SAVINGS OF FINAL RULE AND NPRM COMPARED
Cost savings element
LNG/LHG Facilities
Savings from not having to produce printed manuals and amendments to mail to the COTP.
Savings from not having to produce printed manuals and amendments for placement at facility marine transfer areas.
Savings from not having to mail manuals and amendments to the COTP.
Savings from not having to place printed manuals and amendments at facility marine transfer areas.
Total Annual LNG/LHG
Facility Cost Savings.
MTR Facility
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Final rule annual cost savings
Population
Total Annual MTR Facility Cost Savings.
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Savings from not having to produce printed manuals and amendments to mail to the COTP.
Savings from not having to produce printed manuals and amendments for placements at facility marine transfer areas.
Savings from not having to mail manuals and amendments to the COTP.
Savings from not having to place printed manuals and amendments at facility marine transfer areas.
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NPRM cost savings
Difference
$579
$498
$81
242
234
8
1,011
994
17
1,634
1,605
29
3,466
3,331
135
11,839
9,895
1,944
2,120
2,023
97
14,312
13,536
776
7,658
7,522
136
35,929
32,976
2,953
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