24 January 2008 TO ALL MEMBERS Dear Sirs OIL POLLUTION IN THE UNITED STATES TANKER VOYAGE ADDITIONAL PREMIUM SYSTEM 2008/9 POLICY YEAR Special arrangements to cover US OPA 90 pollution liabilities in respect of tankers, which are otherwise excluded under the Rules, will apply again for the 2008/9 policy year. Members requiring cover must agree, before 20 February 2008, to make quarterly declarations in accordance with the terms of Rule 9.15.1.5.3. Members who in previous years have made declarations and who require cover for the 2008/9 policy year must continue making them. The additional premium rates are set out overleaf and represent a reduction on the 2007/8 rates. As in recent years, vessels equipped with segregated ballast tanks (SBT’s) in accordance with the requirements of Regulation 13 of Annex 1 to MARPOL 73/78 will be surcharged at lower rates. Voyage declaration forms for each of the four quarters ending 20 May 2008, 20 August 2008, 20 November 2008 and 20 February 2009, together with instructions for completion, are available for downloading on the Association’s website (www.lsso.com) under cover of this circular within the “P&I Rules and Circulars” section. Members should state explicitly in the declaration forms if vessels are equipped with SBT’s as defined above, or not so equipped. In the absence of an explicit declaration, it will be assumed that vessels are not equipped with SBT’s, and the higher rate of additional premium will apply. Definitions of US voyages and persistent oils are shown in the instructions, although the lists are not exhaustive. Yours faithfully A BILBROUGH & CO LTD (Managers) 5:372 Non-SBT SBT US$ US$ 1. Tankers of more than 1,000 GT: $0.103 $0.086 per entered ton (including parcel tankers) per US voyage LOOP or Lightening: $0.051 $0.043 per entered ton per US voyage 2. Tankers of 1,000 GT or less: Either $104.00 $90.00 per voyage or $2,053.00 $1,812.00 per annum 3. Parcel tankers carrying less than 5,000 m/t of persistent oil as cargo: $307.00 $271.00 per US voyage 4. Parcel tankers carrying 5,000 – 9,999 m/t of persistent oil as cargo: $773.00 $677.00 per US voyage THE LONDON STEAM-SHIP OWNERS’ MUTUAL INSURANCE ASSOCIATION LIMITED U.S. VOYAGE QUARTERLY DECLARATION PERIOD 20 FEBRUARY 2008 TO 20 MAY 2008 TO BE RETURNED TO CLUB BY 20 JULY 2008 N.B. It will be assumed that vessels are not equipped with SBT’s as defined overleaf, unless explicitly declared to be so equipped in the box below. Equipped with SBT’s: Equipped with SBT’s: N O T E TANKER NAME(S) VOYAGE DETAILS YESNO YES NO 1 Voyage 1 (if no US voyages enter “None”) 2 Date loaded (L) / Discharged (D) 3 Port/Location (Port name/LOOP/Offshore) 4 Type of cargo: Persistent (P) / Non-persistent (NP) / Chemical (Chem) / Other (O) If not (P) specify cargo 1 Voyage 2 (if no US voyages enter “None”) 2 Date loaded (L) / Discharged (D) 3 Port/Location (Port name/LOOP/Offshore) 4 Type of cargo: Persistent (P) / Non-persistent (NP) / Chemical (Chem) / Other (O) If not (P) specify cargo 1 Voyage 3 (if no US voyages enter “None”) 2 Date loaded (L) / Discharged (D) 3 Port/Location (Port name/LOOP/Offshore) 4 Type of cargo: Persistent (P) / Non-persistent (NP) / Chemical (Chem) / Other (O) If not (P) specify cargo 1 Voyage 4 (if no US voyages enter “None”) 2 Date loaded (L) / Discharged (D) 3 Port/Location (Port name/LOOP/Offshore) 4 Type of cargo: Persistent (P) / Non-persistent (NP) / Chemical (Chem) / Other (O) If not (P) specify cargo Member’s authorised