# Defense Federal Acquisition Regulation Supplement; Liability for Loss Under Vessel Repair and Alteration Contracts
> **Defense Federal Acquisition Regulations System** · Final rule. · Published 2003-08-21 · 68 FR 50477
## Document
- **Document number:** 03-21311
- **Category:** dfars-acquisition
- **Sub-agency:** Defense Federal Acquisition Regulations System
- **Federal Register citation:** 68 FR 50477
- **CFR reference:** 48 CFR 252
- **Publication date:** 2003-08-21
- **DOD docket:** DFARS Case 2002-D016
## Abstract

DoD has issued a final rule amending the Defense Federal Acquisition Regulation Supplement (DFARS) to increase a contractor's liability for loss or damage under vessel repair and alteration contracts, from $5,000 to $50,000 per incident. The increased dollar ceiling is based on adjustments for inflation, the need to provide a financial incentive for contractors to minimize loss and damage, and common insurance practices.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2003/08/21/03-21311/defense-federal-acquisition-regulation-supplement-liability-for-loss-under-vessel-repair-and)
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