Circular 1/05: Oil Pollution in the United States Tanker Voyage Additional Premium System - 2005 Policy Year
Outline
- The additional premium system for tankers carrying persistent oil to or from the United States will continue for the 2005 policy year.
- Rates have been reduced by approximately 7.5 per cent.
TO THE MEMBERS
Dear Sirs
OIL POLLUTION IN THE UNITED STATESTANKER VOYAGE ADDITIONAL PREMIUM SYSTEM - 2005 POLICY YEAR
The additional premium system for tankers carrying persistent oil to or from the United States will continue for the 2005 policy year. The new rates (set out below), represent a decrease of just under 7.5 per cent on the 2004 rates.
Last year, the Pool retention was increased from US$30 million to US$50 million. As in 2004 a proportion of the US tanker voyage additional premiums will be allocated to this new layer.
The full text of the US Oil Pollution Clause 20/2/2005 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 tankersSBT tankers
|
(A) |
Tankers of more than 1,000 gt LOOP or lightening |
US$0.126 US$0.063 |
US$0.110 US$0.055 |
per entered ton each US voyage per entered ton each US voyage |
|
(B) |
Tankers of 1,000 gt or less |
Either US$126 |
US$111 US$2,013 |
each US voyage per annum |
|
(C) |
Parcel tankers carrying 5,000 m/t or less of persistent oil as cargo |
US$376 |
US$332 |
each US voyage |
|
(D) |
Parcel tankers carrying between 5,000 and 9,999 m/t of persistent oil as cargo |
US$946 |
US$828 |
each US voyage |
|
(E) |
Parcel tankers carrying more than 10,000 m/t of persistent oil as cargo |
US$0.126 |
US$0.110 |
per entered ton each US |
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
