Today, the GCCF released the methodology that outlines the method for calculating final and interim payments. The public will have two weeks to comment on the methodology.
Feinberg's proposal indicates,
EACH CLAIMANT'S FINAL PAYMENT OFFER AMOUNT WILL BE THE LARGER OF: (1) Two times each eligible Claimant's 2010 Actual Documented Losses (except for claimants with 2010 losses in excess of $500,000); four times each eligible oyster harvester's 2010 Actual Documented Losses, or (2) The total actual documented losses through the date of the filing of the Final Claim.
- PAYMENT OPTIONS, ELIGIBILITY AND SUBSTANTIATION CRITERIA, AND FINAL PAYMENT METHODOLOGY.pdf
- ATTACHMENT A- SAMPLE CALCULATION FOR INDIVIDUAL CLAIMANT.pdf
- ATTACHMENT B- SAMPLE CALCULATION FOR BUSINESS CLAIMANT.pdf
- ATTACHMENT-C ARPC REPORT- MEASURES OF THE EFFECTS OF THE GULF OIL SPILL ON INDIVIDUALS AND BUSINESSES AND PROPOSED COMPENSATION SCHEMA.pdf
- ATTACHMENT D-GCCFs EXPERT OPINION OF WHEN THE GULF OF MEXICO WILL RETURN TO PRE-SPILL HARVEST STATUS FOLLOWING THE BP DEEPWATER HORIZON OIL SPILL.pdf
- ATTACHMENT E-BIBLIOGRAPHY.pdf
FOR DETAILS ABOUT THE GCCF's PROPOSAL FOR FINAL SETTLEMENT OFFERS AND METHODOLOGY USED, SEE pdf LINKS BELOW:
