Circular 16/02: U.S. Terrorism Insurance

TO THE MEMBERS
Dear Sirs

US TERRORISM INSURANCE

We refer to our previous circular on this subject (ref. 15/02) and now attach a notice of coverage of U.S. acts of terrorism pursuant to the Terrorism Risk Insurance Act of 2002 which was signed into law by the President of the United States on 26th November 2002.

The additional mutual premium required for this coverage is set out in the notice.

If you fail to pay the additional premium by 26th December 2002, your cover for ordinary P&I risks and the special War Risks P&I cover (which includes acts of terrorism) currently provided to you will remain in force exactly as before.

If you require a separate debit note for the additional premium as set out in the notice please advise us indicating the name of the Member and the ships concerned.

If you do not intend to take this cover, please return a copy of this circular by fax to +44 20 7621 9761 duly signed on behalf of the Member.

Yours faithfully
THOMAS MILLER (BERMUDA) LTD.