Circular issued by International Group clubs
Final Rule - 31 December 2008
Deadline for implementation - 22 February 2011 - Update
Salvage agreements
This circular applies to owners of tank vessels carrying oil calling at US ports
We refer to Circular of 23 August 2010 concerning the above, which provided a list of salvor contracts/funding agreements which had been reviewed by the International Group.
On 27 September 2010 the US Coast Guard published Navigation and Vessel Inspection Circular **(NVIC) No. 2-10** providing guidance for the implementation and enforcement of the requirements under the Final Rule.
This NVIC can be found using the following link and instructions for access: www.uscg.mil/vrp - select “What’s new?” and then **NVIC 2-10**
The NVIC provides a summary of the procedural steps necessary for updating owners’ existing vessel response plans as well as appendices containing answers to frequently asked questions and a glossary of terms.
We regret that in the previous circular there was an error in Annex 4 which contained a technical comparison of the contracts reviewed and a rate comparison. On page 4 there is an error under “contract” in the first two columns. In addition T&T Bisso has published some new rates which came into effect on 1 September 2010.
A revised Annex 4 is attached updated and amended where relevant. The amendments are shown in yellow.
There has been a small amendment to the DonjonSmit contract and this has been reissued with a new footer.
The current salvor contracts/funding agreements which have been reviewed by the International Group and found to conform with the Vessel Response Plan salvage guidelines are the following:
| DonjonSmit | July 2010, Version 1.1 on page 1 and Version 1.0 on subsequent pages |
| MRA | Dated 2 August 2010 |
| Resolve | Dated 14 June 2010 |
| T&T Bisso | Non US - 22 April 2010 ; US - 15 June 2010 |
All Clubs in the International Group of P&I Clubs have issued similar circulars.