At the meeting on 21 March 2013 the Board of Directors made the following decisions in respect of the open policy years:

2010/2011
To close this year.

2011/2012
To close this year in the spring of 2014, subject to there being no adverse developments, without any further call being levied, and to amend the release call from 20% to 10%.

2012/2013
To not levy a supplementary call, and to keep the release call for this year at 20%.

2013/2014
To maintain the target set at the renewal for 2013/2014, which was to achieve a 0% supplementary call. To set the release call for this policy year at 20%.

Clarification of cover under Rule 3 Section 1 (g)
The Association’s liability in respect of crew repatriation pursuant to Rule 3 Section 1 (g) shall be limited to an amount, per ship per event, equal to the Association’s retention under the International Group Pooling Agreement in force when the claim(s) occurred. For policy year 2013/2014, the Association’s retention is USD 9 million.