We are pleased to confirm the following Premium Transfer Policy, to be applied with immediate effect: Any vessel entered with MISL for OPA90 COFR Guarantor Insurance that is subsequently withdrawn from U.S. service in response to the newly introduced U.S. port fee regime targeting Chinese-linked vessels will be eligible, subject to underwriting approval, to transfer any unearned portion of the related insurance premium and/or service fee to a
substitute vessel nominated by the insured operator. Read our circular here to find out more.