Club Circular 04/07: Oil Pollution in the United States
OUTLINE
The additional premium system for tankers carrying persistent oil to or from the United States will continue for the 2007 policy year.
Rates have been reduced by 4.5 per cent.
TO THE MEMBERS
Dear Sirs
OIL POLLUTION IN THE UNITED STATES
TANKER VOYAGE ADDITIONAL PREMIUM SYSTEM - 2007 POLICY YEAR
The additional premium system for tankers carrying persistent oil to or from the United States will continue for the 2007 policy year.
The new rates (set out below), represent a decrease of 4.5 per cent on the 2006 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 continue to be allocated to this additional layer.
The full text of the US Oil Pollution Clause 20/2/2007 will be set out in an Addendum 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.
(A) | Tankers of more than 1,000 gt LOOP or lightening | US$0.114 US$0.057 | US$0.096 US$0.048 | per entered ton each US voyage per entered ton each US voyage |
(B) | Tankers of 1,000 gt or less | Either US$115 or US$2,281 | Either US$100 or US$2,013 | each US voyage per annum |
(C) | Parcel tankers carrying 5,000 m/t or less of persistent oil as cargo | US$341 | US$301 | each US voyage |
(D) | Parcel tankers carrying between 5,000 and 9,999 m/t of persistent oil as cargo | US$859 | US$752 | each US voyage |
(E) | Parcel tankers carrying more than 10,000 m/t of persistent oil as cargo | US$0.114 | US$0.096 | 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
Staff Author
Date24/01/2007
Source UK P&I