Circular 6/06: Oil Pollution in the United States Tanker Voyage Additional Premium System - 2006 Policy Year

 OUTLINE

  • The additional premium system for tankers carrying persistent oil to or from the United States will continue for the 2006 policy year.
  • Rates have been reduced by 5 per cent.

TO THE MEMBERS

Dear Sirs

OIL POLLUTION IN THE UNITED STATES

TANKER VOYAGE ADDITIONAL PREMIUM SYSTEM - 2006 POLICY YEAR

The additional premium system for tankers carrying persistent oil to or from the United States will continue for the 2006 policy year. The new rates (set out below), represent a decrease of just over five per cent on the 2005 rates.

In 2004, the Pool retention was increased from US$30 million to US$50 million. As before, a proportion of the US tanker voyage additional premiums will be allocated to this additional layer.

The full text of the US Oil Pollution Clause 20/2/2006 will be set out in an Appendix to the Rules and will be incorporated, by reference, in the Certificates of Entry. As before, a lower rate per ton will apply to tankers equipped with segregated ballast tanks (SBT) in accordance with the requirements of Regulation 13 of Annex 1 to MARPOL 73/78.

 

non-SBT tankers SBT tankers
(A)Tankers of more than 1,000 gt
LOOP or lightening

US$0.119

US$0.06

US$0.105

US$0.052

per entered ton each US voyage
per entered ton each US voyage
(B)Tankers of 1,000 gt or less

Either US$120 or US$2,389

Either US$105 or US$2,108

each US voyage
per annum
(C)Parcel tankers carrying 5,000 m/t or less of persistent oil as cargo

US$357

US$315

each US voyage
(D)Parcel tankers carrying between 5,000 and 9,999 m/t of persistent oil as cargo

US$899

US$787

each US voyage
(E)Parcel tankers carrying more than 10,000 m/t of persistent oil as cargo

US$0.119

US$0.105

per entered ton each US voyage

Yours faithfully

THOMAS MILLER (BERMUDA) LTD.

Contact

  • Members are recommended to contact their usual underwriter if they need to obtain cover for voyages to the United States

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