Circulars
Circular No. 9/97 - COFRSURE
2442
To: MEMBERS OF THE ASSOCIATIONAugust 8, 1997
Dear Member:Circular No. 9/97
COFRSURE
The Managers have recently received news of another COFR scheme based in Bermuda which may be of interest to Members.
COFRSURE is an insurance based scheme, under which Scandinavian Reinsurance Company Limited will provide a guarantee issued on its behalf by Terra Nova Underwriting Agency Ltd., based in Bermuda. The scheme was approved by the U.S. Coast Guard on May 30, 1997.
As in the case of other COFR providers, applicants are required to obtain documentation from their P&I Club. The documentation takes the form of three letters in substantially the same form as those issued by the Club in respect of other schemes. These letters can be provided by the Club upon the request of Members who wish to subscribe to the COFRSURE facility.
Further information about the scheme can be obtained from the following address:
Terra Nova Underwriting Agency Ltd., Agent for: Scandinavian Reinsurance Company, Ltd. Richmond House, 2nd Floor 12 Par-la-Ville Road Hamilton, Bermuda HM 08
Fax: (441) 292-1454
Yours faithfully, Shipowners Claims Bureau, Inc., Manager for THE AMERICAN CLUB
Joseph E.M. Hughes Chairman & CEO
VAPS IGA\CIRCULR9.97
|