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Date
2 January 2000

January 2000

TO THE MEMBERS

Dear Sirs,

OIL POLLUTION IN THE UNITED STATES
TANKER VOYAGE ADDITIONAL PREMIUM SYSTEM – 2000 POLICY YEAR

The additional premium system for tankers carrying persistent oil to or from the United States will continue for the 2000 policy year. The new rates, which represent a reduction on 1999, are set out below. In addition, the minimum tonnage threshold is reduced from 3,000 GT to 1,000 GT (see section (B) below). As before, a lower rate per entered ton will apply to tankers equipped with segregated ballast tanks (SBT) in accordance with the requirements of Regulation 13 of Annex I to MARPOL 73/78.

Premium Rates

(A) Tankers of more than 1,000 GT (including LOOP or lightening operations)
Non‑SBT tankers: U.S. $0.085 per entered ton, each U.S. voyage.
SBT tankers: U.S. $0.075 per entered ton, each U.S. voyage.

(B) Tankers of 1,000 GT or less
Non‑SBT tankers: U.S. $0.0425 per entered ton, each U.S. voyage.
SBT tankers: U.S. $0.0375 per entered ton, each U.S. voyage.

(C) Parcel tankers carrying 5,000 m/t or less of persistent oil as cargo
Non‑SBT tankers: Either U.S. $85 per U.S. voyage or U.S. $1,700 per annum.
SBT tankers: Either U.S. $75 per U.S. voyage or U.S. $1,500 per annum.

(D) Parcel tankers carrying between 5,001 and 10,000 m/t of persistent oil as cargo
Non‑SBT tankers: U.S. $255 per U.S. voyage.
SBT tankers: U.S. $225 per U.S. voyage.

(E) Parcel tankers carrying more than 10,000 m/t of persistent oil as cargo
Non‑SBT tankers: U.S. $0.085 per entered ton, each U.S. voyage.
SBT tankers: U.S. $0.075 per entered ton, each U.S. voyage.

Otherwise, the terms are unchanged. The U.S. Oil Pollution Clause 20/2/00 reflecting the above rates will be set out in an Appendix to the Rules and will be incorporated, by reference, in the Certificates of Entry.

Yours faithfully,

THOMAS MILLER (BERMUDA) LTD

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