Oil Pollution in the United States - Tanker Voyage Additional Premium System - 2003/04 Policy Year (5.32)

This circular explains the special additional premium arrangement for tanker owners who need cover for US OPA 90 pollution liabilities during the 2003/4 policy year. It sets out the declaration process, the quarterly deadlines, and the premium rates that apply.

London P&I also reminds members how to indicate whether their vessels are fitted with segregated ballast tanks, and provides guidance on what counts as a US voyage and persistent oil for declaration purposes.