Tatel, Circuit Judge:
Nearly forty years ago, Congress authorized the Coast Guard to detain ships suspected of intentionally discharging oil and other contaminants into the sea. At the same time, Congress gave a ship unreasonably detained or delayed a cause of action to recover any loss or damage suffered thereby. 33 U.S.C. § 1904(h). Until today, no circuit has considered the contours of this cause of action. Sailing into uncharted waters, we ask whether the Coast Guard acted reasonably in detaining a vessel for nearly six months pending a criminal trial after its owner and operator failed to meet the governments security bond demands. Measuring the reasonableness of the Coast Guards actions by an objective standard, we find that the Coast Guard set a reasonable monetary bond. We also conclude that the nonmonetary components of the bond demand contributed nothing to the owners losses. We therefore affirm the district courts award of summary judgment to the government.
I.
The United States is a party to the 1973 International Convention for the Prevention of Pollution from Ships, as later supplemented by a protocol and several annexes (collectively, the Convention). Watervale Marine Co. v. United States Department of Homeland Security , 807 F.3d 325, 327 (D.C. Cir. 2015). The Convention obliges member states to hold ships accountable for intentionally discharging oil and other contaminants into the ocean. See id.
Congress implemented the Convention through the Act to Prevent Pollution from Ships (the Act). See Pub. L. No. 96-478, 94 Stat. 2297 (1980) (codified as amended at 33 U.S.C. §§ 1901 et seq. ). As amended, the Act authorizes the Department of Homeland Security to enforce the Convention and prescribe any necessary or desired regulations to carry out the Conventions obligations. 33 U.S.C. § 1903(c)(1). Pursuant to that authority, the Department requires ships to, among other things, maintain an Oil Record Book that keeps track of the ships oily discharges into the sea. 33 C.F.R. § 151.25(a), (d). [K]nowingly violat[ing] those regulations is a felony. 33 U.S.C. § 1908(a). It is undisputed in this case that a new violation occurs each time a ship enters a U.S. port with a non-compliant oil record book. A ship operated in violation of these rules is liable in rem for any fine imposed under the Act. Id. § 1908(d).
If the Coast Guard has reasonable cause to believe that a ship, its owner, operator, or person in charge may be liable under the Act, the Coast Guard may require Customs and Border Patrol (Customs) to refuse or revoke the clearance required for a vessel to depart from American ports. Id. § 1908(e). While enforcement proceedings are pending, that clearance may nonetheless be granted upon the filing of a bond or other surety satisfactory to the Secretary of Homeland Security. Id. Consistent with the United Statess obligations under the Convention-and central to this case-the Act, through section 1904(h), also creates a cause of action for a ship unreasonably detained or delayed to recover compensation for any loss or damage suffered thereby. Id. § 1904(h); see International Convention for the Prevention of Pollution from Ships, art. 7(2), Nov. 2, 1973, 12 I.L.M. 1319, 1340 U.N.T.S. 184 (entered into force on Oct. 2, 1983).
Appellant, Angelex, Ltd., owns the Maltese-flagged M/V Antonis G. Pappadakis , a nearly 750-foot-long bulk carrier subject to the Convention. Kassian Maritime Navigation Agency, Ltd.-not a party to this lawsuit-chartered the vessel in 2013 to carry a load of coal. In the district court, Angelex conceded that Kassian was the ships operator, as the Act uses that term. See 33 U.S.C. § 1901(a)(9). Lambros Katsipis served as the ships chief engineer during the 2013 voyage.
In April 2013, the Pappadakis arrived at the port of Norfolk, and Coast Guard agents boarded for a routine inspection. A crewmember passed the inspectors a note confiding that the chief engineer was using a magic pipe-a device designed to covertly dump water containing oil residue-to avoid reporting discharges in the oil record book.
Investigating the allegation, the Coast Guard searched the ship and interviewed crew members. The on-board investigation ended after one week, on April 19, and on the same day, the port captain sent Angelex and Kassian a letter saying that the investigation established reasonable grounds to believe that the Pappadakis had violated the oil record book requirements. The Coast Guard therefore directed Customs to withhold the ships departure clearance.
Negotiations ensued to reach an agreement that would allow the Pappadakis to sail pending prosecution. Initially, the Coast Guard demanded that Angelex and Kassian jointly and severally post a bond in the amount of $3 million. U.S. Statement of Material Facts ¶ 66, Joint Appendix (J.A.) 140. It also required Angelex and Kassian to agree to several nonmonetary bond conditions designed to facilitate further investigation and trial. These conditions included expressly waiving all jurisdictional defenses, paying the salaries and expenses for several crewmembers to remain in the Eastern District of Virginia, stipulating to the authenticity of all documents and items seized from the Pappadakis , and assisting the United States in effecting service on foreign citizens not located in the United States. Id.
Angelex and Kassian both protested that, strapped for cash, they were unable to meet those demands. In particular, Angelex claimed in an email that it was in a dire financial condition and purported to attach its most recent financial statements to prove that its free cash reserves topped out at $174,000, while its liabilities exceeded $10.5 million. Email from George M. Chalos, J.A. 93. Two days later, according to Angelex, it sent the Coast Guard updated financial documents, this time showing free cash reserves of nearly $800,000 and a ship mortgage of nearly $11 million. Both emails summarized the contents of the financial statements in no more than two sentences. The Coast Guard eventually reduced its demand to $2.5 million, but it would go no lower.
With negotiations at an impasse, and the Pappadakis stuck in Norfolk, Angelex took the Coast Guard to court. It filed an emergency petition for relief in the Eastern District of Virginia, and Senior District Judge Robert G. Doumar quickly convened a hearing. Halfway through, the court ordered a recess and urged the parties to settle. At first, that effort appeared to succeed: the parties agreed in principle for Angelex to comply with all of the Coast Guards nonmonetary conditions and post a monetary bond of $1.5 million. But Coast Guard headquarters overruled its line negotiators, holding fast to the $2.5 million demand, and the deal fell through.
Two days later, Judge Doumar granted Angelexs petition. He did not mince words, saying of the Coast Guards bond demands that he could recall seeing no greater disregard for due process, nor any more egregious abdication of the reasonable exercise of discretion in his over thirty-year judicial career. Angelex Ltd. v. United States , No. 2:13-cv-237, 2013 WL 1934490, at *9 (E.D. Va. May 8, 2013). He ordered the government to accept the terms negotiated during the recess: $1.5 million plus the Coast Guards nonmonetary conditions. Id. at *10. The Fourth Circuit granted the governments motion for an emergency stay and eventually reversed on the ground that the district court lacked subject-matter jurisdiction. Angelex Ltd. v. United States , 723 F.3d 500, 502, 505 (4th Cir. 2013).
Meanwhile, a grand jury returned an indictment charging Angelex, Kassian, and Katsipis with, among other things, three counts each of failing to maintain an accurate oil record book-one count each for three separate entries into U.S. ports. After a trial, the jury convicted Katsipis on the three oil record book counts, but acquitted Angelex and Kassian of all charges.
The Coast Guard detained the Pappadakis in Norfolk until the trial ended, and the ship finally sailed just over three weeks after the jurys verdict. In total, the Coast Guard held the vessel for a little under six months.
In January 2015, Angelex filed this civil action alleging that the Coast Guard had unreasonably delayed the Pappadakis and seeking compensation for expenses and losses under section 1904(h). Following discovery, the parties cross-moved for summary judgment, and the district court granted the governments motion.
The court adopted a balancing approach to reasonableness under section 1904(h), imposing an obligation on the Government to balance its own specific and legitimate enforcement interests with the interests of the vessels other stakeholders. Angelex Ltd. v. United States , 272 F.Supp.3d 64, 76 (D.D.C. 2017). The court then turned to Angelexs arguments that the Coast Guard acted unreasonably.
First, the district court rejected Angelexs contention that the Coast Guard should have given greater weight to the vessels mortgage and the companys financial situation because Angelex failed to support those arguments with admissible evidence. Specifically, the court pointed out that Angelex had introduced into the record none of the financial attachments that it supposedly sent the Coast Guard during the bond negotiations. That left the emails from Angelexs counsel to Coast Guard officials as the only evidence of the companys fiscal state. The district court also disregarded those emails because, in its view, they were unqualified hearsay and therefore inadmissible at trial. Id. at 78.
The court turned to the proposed $2.5 million monetary bond, holding that, as a matter of law, any bond amount up to, and including, the maximum possible fines and penalties is necessarily within a range of reasonableness. Id. at 84. And, having found that the maximum fine in this case was $3 million, the court deemed the Coast Guards $2.5 million demand per se reasonable.
Finally, as to the nonmonetary bond conditions, the district court read section 1904(h) to require the Coast Guards conduct to have actually contributed to the length of time that the ship was detained or delayed, and it found that the nonmonetary conditions could not possibly have extended the Pappadakis s delay, based in part on Angelexs admission that, during the initial litigation before Judge Doumar, it was prepared to accept all of the non-financial conditions if the Coast Guard would be willing to lower the bond amount to just $1.5 million. Id. at 87. Since Angelex had agreed to accept all of those conditions, the court reasoned, any additional delay could not be attributed to the nonmonetary conditions.
Having rejected all of Angelexs arguments that the Coast Guard harmed Angelex by behaving unreasonably, the district court entered judgment in favor of the government. Angelex timely appealed, and our review is de novo. Jackson v. Finnegan, Henderson, Farabow, Garrett & Dunner , 101 F.3d 145, 150 (D.C. Cir. 1996).
II.
[S]ummary judgment is proper if ... there is no genuine issue as to any material fact .... Celotex Corp. v. Catrett , 477 U.S. 317, 322, 106 S.Ct. 2548, 91 L.Ed.2d 265 (1986) (internal quotation marks omitted). Once the moving party has met its initial responsibility of informing the ... court of the basis for its motion, id. at 323, 106 S.Ct. 2548, the party opposing summary judgment must point to specific facts showing that there is a genuine issue for trial, id. at 324, 106 S.Ct. 2548 (internal quotation marks omitted). To succeed, the non-moving party must produce evidence capable of being converted into admissible evidence that would allow a reasonable factfinder to return a verdict in its favor. Greer v. Paulson , 505 F.3d 1306, 1315 (D.C. Cir. 2007) (internal quotation marks and alterations omitted).
Section 1904(h) requires a party seeking damages to prove two elements. First, the Coast Guard must have unreasonably detained or delayed the ship. Whether the Coast Guard acted unreasonably is a question of law. See Carter v. Bennett , 840 F.2d 63, 64-65 (D.C. Cir. 1988) (whether facts satisfy a statutory standard of reasonable is a conclusion of law). Second, as a result of the detention or delay, the ship must have suffered loss or damage. Therefore, summary judgment for the government is proper if the claimant fails to come forward with adequate evidence to support either of those elements as a matter of law.
With these principles in hand, we take up Angelexs several arguments that it is entitled to relief under section 1904(h). Broadly speaking, Angelex claims that it suffered losses because of the delay prompted by: (1) the Coast Guards detention of the Pappadakis through trial despite the absence of an adequate evidentiary basis to do so; and (2) the governments unreasonable bond demands. We consider each contention in turn.
A.
We begin with Angelexs argument that the protracted detention was unreasonable because it was unauthorized. Although Angelex does not challenge the Coast Guards initial decision to detain the Pappadakis , it claims the Coast Guard had no basis for holding the ship all the way through the trial because, at some unspecified point in the investigation, it became clear that there was no evidence which would support vicarious liability for Angelex (or Kassian). Appellants Br. 42. As Angelex sees it, the Coast Guard lost authority to continue holding the ship once the alleged absence of evidence became apparent. This argument misses the mark.
As this court recognized in Watervale Marine Co. v. United States Department of Homeland Security , when the Coast Guard has reasonable cause to believe a ship is being operated in violation of the Act, it may hold the ship in port until legal proceedings are completed. 807 F.3d at 330. And a validly obtained indictment generates in a subsequent civil proceeding a rebuttable presumption that the government had probable cause at the time of the indictment, which can be undermined only by evidence that the indictment was produced by fraud, corruption, perjury, fabricated evidence, or other wrongful conduct undertaken in bad faith. Moore v. Hartman , 571 F.3d 62, 69 (D.C. Cir. 2009).
Here, a grand jury had sufficient basis to indict both Angelex and Kassian, and Angelex has given us no basis for distinguishing between the reasonable cause required to detain a ship and the probable cause necessary to indict. Thus, so long as the indictment was valid and there were no material post-indictment developments, the detention was authorized.
The only evidence Angelex cites to question the extended detentions authorization is a single statement from the governments lead investigator, who testified that she did not specifically do anything to investigate the basis to vicariously charge Angelex. Appellants Br. 44 (internal quotation marks omitted). At most, that statement implies that the government conducted no separate investigation focused on corporate liability; it does nothing to suggest that the indictment was produced by ... wrongful conduct undertaken in bad faith or that the initial basis for detaining the ship had eroded. Moore , 571 F.3d at 69. We thus agree that the Coast Guard had section 1908(e) authority to detain the Pappadakis until legal proceedings [were] completed. Watervale , 807 F.3d at 330.
B.
Of course, a detention may be unreasonable even if authorized. Angelexs second, and more substantial, argument is that its case falls into that category because of the governments allegedly unreasonable bond demands.
Before considering the merits of that argument, we observe that the parties appear to agree on a threshold proposition, which we therefore assume is true for this case: that a detention or delay is unreasonable if the bond demand is excessive or otherwise inappropriate.
We start with the monetary demand. The district court thought that any bond amount below the statutory maximum fine for which the ship could be liable in rem is per se reasonable. We certainly agree that any bond amount below the maximum criminal fine will often be reasonable, but we are reluctant to adopt such a bright line rule. Calculation of the maximum fine is less straightforward than the district court assumed. See 18 U.S.C. § 3571(c), (d) (setting the maximum fine at $500,000 per count, but authorizing an [a]lternative fine based on the defendants gain or loss); 33 U.S.C. § 1908(b) (authorizing additional civil penalties per violation, per day). And a party may well be able to demonstrate, with appropriate evidence, that failure to deviate from the maximum-however calculated-was unreasonable. But this is not such a case: Angelexs arguments that a $2.5 million bond amount was unreasonable are meritless.
Angelex first argues that the Coast Guard should set bond based not on the maximum statutory fine, but rather on the fine the district court is likely to impose. As the district court rightly observed, that approach is often impractical: there is ... no reason to expect that anyone can accurately predict what fines or penalties a court might impose at some point in the future after trial. Angelex , 272 F.Supp.3d at 84. It was thus perfectly reasonable for the Coast Guard to start by focusing instead on the maximum potential fine in formulating a bond demand.
Next, Angelex disputes that $3 million was the maximum fine that the Pappadakis could have been liable for in rem . Specifically, it claims that Kassians potential liability cannot be included because Kassian had no equitable interest in the vessel. Appellants Br. 28. That argument ignores how the statutes in rem liability scheme works. The Act makes [a] ship operated in violation of the oil record book regulations itself liable for any fine imposed as a result. 33 U.S.C. § 1908(d) (emphasis added). And it authorizes prosecution of any person who knowingly violates the regulations, a category of potential defendants that plainly includes a vessels operator. Id. § 1908(a). The statute therefore puts the ship on the hook for Kassians share. As for what that share comes to, the statute permits three alternatives: $500,000 per count, twice the gross gain derived by the defendant, or twice the gross loss to any third party. See 18 U.S.C. § 3571(c)(3), (d). And that leaves aside any civil penalties the government might seek, which the government can also pursue in rem against the ship. See 33 U.S.C. § 1908(b), (e). Given the six total counts against Angelex and Kassian, it was therefore no error for the district court to conclude that the maximum fine in this case was at least $3 million.
Angelexs next tack is to claim that the Coast Guards demand was unreasonable given the companys financial state at the time. It argues that the Coast Guard had no hope of actually recovering in rem given the huge mortgage on the ship and that posting the bond would effectively have put Angelex out of business. For its part, the government argues that Angelexs ability to pay and the governments likelihood of actually recovering are entirely irrelevant to the reasonableness of the bond amount.
We can resolve this case without deciding whether those issues are relevant under section 1904(h). Assuming they are, to succeed on this argument Angelex would have to show that the information reasonably available to the Coast Guard reliably conveyed the relevant financial data. Any other approach would effectively require the Coast Guard to conduct its own independent investigation of a companys financial status-an unreasonable demand given the time and tools at the agencys disposal.
As the party opposing summary judgment, Angelex therefore had the burden of identifying the financial information that the Coast Guard could have relied on. It has failed to do so. As the district court accurately observed, Angelex entered into the record none of the financial documents that it supposedly sent the Coast Guard. See Angelex , 272 F.Supp.3d at 78, 85 n.14. Although Angelex challenged that finding at oral argument, it never properly anchored that claim in the record, see Fed. R. App. P. 28(a)(8)(A) (requiring citations to the ... parts of the record on which the appellant relies); in any event, we have independently scoured the record and, like the district court, have come up empty.
Angelexs omission of those documents is fatal. Without them, the district court had no way of assessing whether the Coast Guards $2.5 million demand reasonably took account of the information those documents contained. And regardless of whether the emails summarizing those documents would have been admissible at trial, the district court could not have relied solely on their bare-bones, self-serving statements to assess the information available to the Coast Guard. At oral argument, Angelex claimed that if the case went to trial, its own witnesses would corroborate those emails. Perhaps so, but counsel assertions at oral argument cannot create a genuine issue of material fact. See Fed. R. Civ. P. 56(c)(1)(A) (requiring a party asserting that a fact ... is genuinely disputed to cite, among other things, affidavits or declarations). Anyway, that trial testimony would leave the core problem unaddressed: the district court would still be unable to review the documents available to the Coast Guard at the time of its decision.
Angelex repeatedly seeks to bolster its position by invoking Judge Doumars observation that the Coast Guards demands amounted to the most egregious abdication of the reasonable exercise of discretion he had ever seen. Angelex , 2013 WL 1934490, at *9. Although it is true, as the government argues, that the Fourth Circuits reversal turns the order into a legal nullity, Khadr v. United States , 529 F.3d 1112, 1116 (D.C. Cir. 2008) (emphasis added), the order remains part of the historical record, and a party might still be able to use it as evidence of what a reasonable contemporaneous observer might have concluded.
Nevertheless, under the circumstances of this case, the order affords Angelex no help. Judge Doumars finding rested on two considerations that have not withstood the test of time. First, Judge Doumar believed that the only permissible reason to detain the ship was for eventual in rem recovery, and so he discounted the Coast Guards interest in retaining custody of witnesses and evidence for trial. Angelex , 2013 WL 1934490, at *8. As we observed in Watervale , however, that is a false dichotomy: obviously the government cannot collect in rem without successfully prosecuting the case. 807 F.3d at 329-330 ([A] financial bond, given its limited use, is ordinarily not satisfactory because nothing prevents the ship, after posting the bond, from sailing away.). Moreover, the governments interest in enforcing environmental laws extends beyond merely collecting a fine. Second, Judge Doumar assumed that the maximum fine was only $1.5 million, apparently omitting Kassians potential liability. Angelex , 2013 WL 1934490, at *8-9. As we have explained, however, the maximum fine in this case was at least $3 million. Finally, there is a crucial difference between this litigation and Angelexs emergency petition: Angelex presented Judge Doumar with the underlying financial documents that are missing here. See Angelex , No. 2:13-cv-237, ECF No. 4-8 (E.D. Va. Apr. 25, 2013). Given all these differences, Judge Doumars finding has no appreciable probative value for the district court in this case.
Angelex also insists that the proposed bond amount was unreasonable when compared to other cases. It identifies only one: the M/V Thetis . Appellants Br. 39. According to Angelex, the Coast Guard was willing to accept a lower bond in that case ($1 million) despite the near-identical nature of the ... charges. Id. at 39-40. But, as the government points out, that case differs from this one significantly: unlike the Thetis s operators, Kassian had a criminal history, having pled guilty to an oil record book violation in the past. See United States v.Kassian Maritime Navigation Agency, Ltd. , No. 3:07-cr-48, 2007 WL 5172557 (M.D. Fla. Aug. 17, 2007). Thus, the Coast Guard had a reasonable basis for suspecting that the Pappadakis was more likely to evade prosecution and potentially re-offend than the Thetis -possibilities that explain the higher bond demand in this case.
Lastly, Angelex objects to the process that the Coast Guard employed to formulate its bond demand. It alleges that the Coast Guard officers who handled the Pappadakis case failed to adequately consider or respond to various factors, such as the financial state of Angelex and Kassian and the detentions impact on crew members and the cargo owner. It also claims that confusion existed within the Coast Guard about who exactly held final decisionmaking authority to set bond. The government tersely responds that the test must be objective, Appellees Br. 35, which we take to mean that the test should give no consideration to these process-based concerns.
We agree with the government that the Act imposes an objective, outcome-oriented test, but we think some additional explanation is warranted. Legal tests based on reasonableness are generally objective .... Kentucky v. King , 563 U.S. 452, 464, 131 S.Ct. 1849, 179 L.Ed.2d 865 (2011). In practice, this means that such tests usually disregard what government officers were thinking and instead focus on what they actually did in light of the information with which they can reasonably be charged. See Whren v. United States , 517 U.S. 806, 813, 116 S.Ct. 1769, 135 L.Ed.2d 89 (1996) (constitutional reasonableness does not depend on a police officers actual motivations). And, as this court is acutely aware, Congress knows how to make an agencys decisionmaking processes subject to review when it wants to. See, e.g. , 5 U.S.C. § 706(2)(A) (review of arbitrary or capricious findings and conclusions in the Administrative Procedure Act); 42 U.S.C. § 4332(C) (requirement of a detailed statement by the responsible official in the National Environmental Policy Act). Section 1904(h) contains no such language. Accordingly, we see no basis for believing that Congress intended to impose a reasoned decisionmaking requirement in that provision, meaning that Angelex cannot support its argument by pointing to the process the agency employed for setting bond.
Turning to the nonmonetary conditions, we agree with the district court that it is unnecessary to decide whether those conditions were reasonable because they caused Angelex no harm. But we arrive at that conclusion by a somewhat different route.
The district court held that section 1904(h) requires the unreasonable terms and conditions of the bond to have resulted in a [detention or] delay. Angelex , 272 F.Supp.3d at 87. But the statutory text sets up a slightly different causation question: whether the unreasonable detention or delay resulted in loss or damage. See 33 U.S.C. § 1904(h) (ships unreasonably detained or delayed are entitled to compensation for any loss or damage suffered thereby (emphasis added) ).
In some cases, framing the question that way might yield different results, but this case is not one of them because Angelexs entire theory of loss stems from the Pappadakis s delay. Thus, Angelex had to present evidence that the Coast Guards nonmonetary conditions contributed to that delay to establish that they contributed to its claimed losses. At the hearing before Judge Doumar, however, Angelex agreed that it would have accepted all those nonmonetary conditions when combined with a $1.5 million bond. Oral Arg. Rec. 12:59-13:06 (Angelex agreed to all nonmonetary conditions). The record contains no evidence that Angelex ever retracted that agreement. Angelex now suggests that the total burden of compliance with the nonmonetary conditions plus the cash bond led it to reject the settlement offer, but-as with the companys finances-we have no way to assess that claim because Angelex has made no specific argument regarding (much less produced any evidence of) the compliance cost. Thus, we are left with no basis for concluding that Angelexs losses resulted from the nonmonetary conditions.
In short, the record contains no evidence to support a finding that the Coast Guard acted unreasonably in demanding that Angelex and Kassian post a $2.5 million bond, or that the other nonmonetary assurances resulted in any additional loss or damage to Angelex.
C.
In a final bid to salvage its case, Angelex recites a list of supposedly disputed facts that it insists preclude summary judgment as a procedural matter. But Angelexs list primarily regurgitates all the facts we have just discussed: the nonmonetary bond conditions and the financial information Angelex supposedly provided to the Coast Guard. Those facts, however, are undisputed. What Angelex really disputes is whether those facts rendered the Coast Guards actions unreasonable. But that determination-whether the facts satisfy the statutory standard of reasonableness-is a legal issue, not a factual one. Carter , 840 F.2d at 64-65 (internal quotation marks omitted). The only genuinely disputed factual issues relate to who in the Coast Guard had decisionmaking authority and what those officers actually considered, and as explained above, those disputes are irrelevant because the legal test for reasonableness is objective. We therefore find meritless Angelexs contention that a trial is required to resolve any lingering factual disputes.
III.
For the foregoing reasons, we affirm the district courts order awarding summary judgment to the government.
So ordered.