DECEMBER 4, 2000

CIRCULAR NO. 14/00

TO MEMBERS OF THE ASSOCIATION

Dear Member:

WIRE/TELEGRAPHIC TRANSFERS TO THE AMERICAN CLUB

Please note that the Club has recently made new arrangements in regard to the receipt of wire/telegraphic transfers of funds to its account in New York.

All wire/telegraphic transfers to the American Club should henceforward be made to its account at:

Bankers Trust Company
New York, New York
U.S.A.

Depending upon the origin of funds, one of the following bank codes should be used:

For wire transfers made through a bank within the United States:

          ABA:  021-001-033

For wire/telegraphic transfers made through a bank outside the United States:

           SWIFT: BKTRUS33                  CHIPS: 0103

In both cases, funds should be indicated as being for the credit of:
Account Name:            American Steamship Owners P&I Assn. Inc.
Account Number:            00-700-269
Please be guided accordingly.

Yours faithfully,

Joseph E.M. Hughes, Chairman & CEO
Shipowners Claims Bureau, Inc., Managers for
THE AMERICAN CLUB