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 less | either 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 cargo | US$307 | US$271 | per voyage | |
| (D) | Parcel tankers carrying 5,001 - 10,000 metric tons of persistent oil as cargo | US$773 | US$677 | per voyage | |
| (E) | Parcel tankers carrying more than 10,000 metric tons of persistent oil as cargo | US$0.103 | US$0.086 | 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
