Commercial Fishing Industry Vessel Liability and Safety Act of 1986

[AI summary unavailable — showing source text] Commercial Fishing Vessel Liability and Safety Act of 1986 - Title I: Liability for Personal Injury on Fishing, Fish Tender, and Fish Processing Vessels - Amends Federal law to limit the liability of an employer for the temporary illness, injury, or disability of a seaman employed on a fishing, fish tender, or fish processing vessel as long as the employer has in effect certain prescribed minimum illness or injury maintenance coverage. Requires the Secretary of Transportation, on January 1 of each year, to review the dollar figure representing the annual minimum payment per year for a seaman's illness or disability, and to make certain adjustments to such figure if necessary. Requires a seaman to bring an action to obtain such coverage within two years from the date the cause of action accrued. Authorizes an owner or employer to limit his or her liability for non-temporary injuries to a specified amount per incident, unless gross negligence or willful misconduct is proven. Title II: Commercial Fishing Vessel Safety - Amends Federal law concerning fishing vessels to prescribe and to require the prescription of certain safety standards on all fishing, fish tender, and fish processing…