STEAMSHIP MUTUAL UNDERWRITING ASSOCIATION LIMITED Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registered in England and Wales – Registration number 105461. PRA and FCA registration number 202548) MANAGERS: STEAMSHIP P&I MANAGEMENT LLP SPIM is an appointed representative of Steamship Insurance Management Services Limited which is authorised and regulated by the Financial Conduct Authority (Registered in England and Wales – Registration Number OC376859. FCA registration number 597046) Electronic Paperless Trading December 2023 Members are referred back to Circular no L.430 dated May 2023. In 2022, the International Group (IG) first approved the Secro Customer and User Agreement dated 6 October 2022 (‘the 2022 Customer and User agreement’) and the Secro Standard e-bill of lading. The IG subsequently approved an updated version of the Secro Customer and User Agreement dated 16 March 2023 (‘the March 2023 Customer and User agreement’), as well as use of Secro Customer e-bills of lading in conjunction with the March 2023 Customer and User agreement. The 2022 Customer and User agreement, the Secro Standard e-bill of lading, the March 2023 Customer and User Agreement, as well as use of Secro Customer e-bills of lading, all remain approved for the purposes of Club cover. This Notice confirms approval by the IG of the following: 1. An updated version of the March 2023 Customer and User Agreement, dated 13 November 2023 (‘the November 2023 Customer and User agreement’), with changes as follows: i. Clause 9.5: changed to allow customers to opt either for the UK or the Singapore subordination clause when using customer-specific templates; ii. Clause 14: addition of the “UK Contracts (Rights of Third Parties) Act 1999” to mirror the “Contracts (Rights of Third Parties) Act 2001” already in place for Singapore; and iii. Clause 15.1: changed to allow customers to opt either for the Singaporean or English jurisdiction. 2. The use of an additional Secro standard e-bill now to be subject to English law and the Electronic Trade Documents Act 2023 (‘the UK Act’). This new Secro standard e-bill is to be identical to the previously approved standard e-bill (subject to Singapore law) but with the following differences: • The additional version is subject to English law and the UK Act. • Reference to the Contract (Rights of Third Parties) Act 2001 is deleted. 3. The use of Customer e-bills subject to English law and the UK Act, but with reference to the Contract (Rights of Third Parties) Act 2001 deleted. 4. The removal of the reference to the Singapore Contract (Rights of Third Parties) Act 2001 from the currently approved Secro Standard e-bill and the approved use of Customer specific e-bills (both governed by Singapore law.) Update to Secro Terms and Conditions STEAMSHIP MUTUAL UNDERWRITING ASSOCIATION LIMITED Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Registered in England and Wales – Registration number 105461. PRA and FCA registration number 202548) MANAGERS: STEAMSHIP P&I MANAGEMENT LLP SPIM is an appointed representative of Steamship Insurance Management Services Limited which is authorised and regulated by the Financial Conduct Authority (Registered in England and Wales – Registration Number OC376859. FCA registration number 597046) 2 Other exclusions of cover under Grou