A recreational vehicle (RV) is, in North America, the usual term for a motor vehicle equipped with living space and amenities found in a home. Several definitions exist for RVs and vary by region, including camper van, caravan, and motorhome, but are also used to designate different types of vehicles outside North America.
BP's Deepwater Horizon costs total $62B. BP said Thursday that it expects the pre-tax cost of its 2010 Deepwater Horizon explosion and oil spill on the Gulf Coast to total $61.6 billion. Post to Facebook.
The Oil Pollution Act of 1990 caps BP's civil liability for the Deepwater Horizon spill at $75 million. The law forces companies to have a place to prevent spills that may occur.The House passed the bill with a vote of 375-5, and it was passed in the Senate by a voice vote. RELATED TERMS. law that caps civil liability for oil spills caused by tankers and drilling vessels in the United States' territorial waters. The passage of the law was prompted by the Exxon Valdez oil spill in 1989, where Exxon was held liable for billions in civil damages. The bill enjoyed popular support at its passage. Next Up.