Circular 2/10 (February 2010) Oil pollution in the United States tanker voyage Additional Premium system - 2010 Policy Year

OUTLINE

• The additional premium system for tankers carrying persistent oil to or from the United States will continue for the 2010 policy year.

• Rates have been reduced by 16 per cent

TO THE MEMBERS

Dear Sirs

OIL POLLUTION IN THE UNITED STATES TANKER VOYAGE ADDITIONAL PREMIUM SYSTEM - 2010 POLICY YEAR

The additional premium system for tankers carrying persistent oil to or from the United States will continue for the 2010 policy year.

The new 2010 rates (set out below), represent a decrease of 16 per cent on the 2009 rates. This has been achieved through a combination of a ten per cent reduction on the 2009 rates and the removal of the allocation for additional premium to the upper layer of the Pool.

The full text of the US Oil Pollution Clause 20/2/2010 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	SBT
(A) Tankers of more than 1000 gt LOOP/Lightening	US$ 0.078 US$ 0.0386	US$ 0.0647 per ton per voyage US$ 0.0323 per ton per voyage
(B) Tankers of 1000 gt or less	US$ 78 or US$ 1,560	US$ 65 per voyage US$ 1,300 per annum
(C) Parcel tankers carrying less than 5,000 metric tons of persistent oil as cargo	US$ 234	US$ 194 per voyage
(D) Parcel tankers carrying 5,000-9,999 metric tons of persistent oil as cargo	US$ 586	US$ 486 per voyage
(E) Parcel tankers carrying 10,000 metric tons or more of persistent oil as cargo	US$ 0.078	US$ 0.0647 per entered ton each US voyage

Yours faithfully

THOMAS MILLER (BERMUDA) LTD.

CONTACT

• Members are requested to contact their usual underwriter if they need to obtain cover for voyages to the United States