Circular 9/12: Oil pollution in the United States - Tanker voyage Additional Premium system 2012 policy year – Amendment to Circular 1/12


Circular 9/12 June 2012

OUTLINE
• This Circular amends Circular ref. 1/12 regarding application of 50 per cent rebate of the US tanker voyage additional premium
• The 50 per cent reduction on premium rates for voyages involving loading or lightering of persistent oil cargo in the US will not be restricted to LOOP and the four designated areas described in Circular ref 1/12
• The reduction will continue to be applied to other lightering areas approved by the US Coast Guard  on the same basis as prior to Circular 1/12

TO THE MEMBERS

Dear Sirs

OIL POLLUTION IN THE UNITED STATES
TANKER VOYAGE ADDITIONAL PREMIUM SYSTEM 2012 POLICY YEAR – AMENDMENT TO CIRCULAR 1/12

Members are referred to the previous Circular 1/12 on the voyage premium for voyages involving the loading or discharging of persistent oil as cargo in the US and the application of the 50 per cent rebate on such voyage premium. A further review has been undertaken of the areas approved by the US Coast Guard (USCG) for use in loading or lightering operations outside of both the Louisiana Offshore Oil Port (LOOP) and the four additional areas designated and approved for this purpose by the USCG, as outlined in the previous Circular. 
 
Following this review, Members are requested to note that a 50% rebate on voyage premium rates for voyages involving the loading or lightering of persistent oil as cargo in the US, in areas other than ports, will be applied in areas approved for the purpose of such loading or lightering by the US Coast Guard on the same basis as prior to the Circular issued in January 2012.
 
All clubs in the International Group have issued similar circulars.

CONTACT
Members are requested to contact their usual underwriter if they need to obtain cover for voyages to the United States.  Any queries regarding declarations should be referred to Sue Jamieson (Tel: +44 20 7204 2062;  Email: sue.jamieson@thomasmiller.com)

 

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