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

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