ON SEPTEMBER 2005, AN AUTHORIZED REPRESENTATIVE OF EPA, CONDUCTED AN SPCC INSPECTION AT THE PROMET MARINE SERVICES CORP. ALTHOUGH PROMET MARINE SERVICES CORP. STORES OIL IN AMOUNTS ABOVE THE THRESHOLDS REQUIRING THE PREPARATION AND IMPLEMENTATION OF A SPCC PLAN UNDER 40 C.F.R. PART 112, IT DID NOT HAVE AN SPCC PLAN. BECAUSE OF THE RELATIVELY SMALL QUANTITY OF OIL STORED AT PROMET MARINE SERVICES CORP. (28,240 GALLONS OF ABOVE GROUND STORAGE CAPACITY), EPA HAS ISSUED AN EXPEDITED SETTLEMENT AGREEEMENT.