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Circulars – FD&D – No: FD&D 22/2004

FD&D Insurance – Policy years 2001, 2002, 2003 and 2004 – Supplementary and Release Calls

At its meeting on April 2nd 2004 the Board of Directors made the following decisions in respect of the open policy years:

2001/2002
To close this year without any supplementary call.


2002/2003
The forecast for the year is technical breakeven. No supplementary call is predicted at present. It is anticipated to close this year in the spring of 2005. The release call is maintained at 25%.


2003/2004
The release call for this year is maintained at 25 %. It is too early to comment on the development of this year.


The target at the renewal for 2004/2005 was set to achieve a 0 % supplementary call. The release call for this policy year is set at 25 %.


There are no supplementary calls on Charterers’ FD&D Insurance.


Yours sincerely,The Swedish ClubFrans Malmros