Club Circular 3/08: Oil Pollution in the United States Tanker Voyage Additional Premium System - 2008 Policy Year

OUTLINE
  • The additional premium system for tankers carrying persistent oil to or from the United States will continue for the 2008 policy year.
  • Rates have been reduced by 10 per cent.
TO THE MEMBERS

Dear Sirs

OIL POLLUTION IN THE UNITED STATESTANKER VOYAGE ADDITIONAL PREMIUM SYSTEM - 2008 POLICY YEAR

The additional premium system for tankers carrying persistent oil to or from the United States will continue for the 2008 policy year.

The new rates (set out below), represent a decrease of ten per cent on the 2007 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 20/2/2008 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.

non-SBT tankers SBT tankers
(A)Tankers of more than 1,000 gt
LOOP or lightening
US$0.103
US$0.051
US$0.086
US$0.043
per ton per voyage
per ton per voyage
(B)Tankers of 1,000 gt or lesseither
or
US$104
US$2,053
US$90
US$1,812
per voyage
per annum
(C)Parcel tankers carrying 5,000 metric tons or less of persistent oil as cargoUS$307US$271 per voyage
(D)Parcel tankers carrying 5,001 - 10,000 metric tons of persistent oil as cargoUS$773 US$677 per voyage
(E)Parcel tankers carrying more than 10,000 metric tons of persistent oil as cargo US$0.103US$0.086per 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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