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July 19, 2010

Donjon-SMIT offers new Salvage, Lightering and Marine Firefighting (SLMFF) services package

Donjon-SMIT, LLC's Board of Directors has announced that its new Salvage, Lightering and Marine Firefighting (SLMFF) services package is now complete. It includes an innovative new contract that has been approved by the U.S.Coast Guard and accepted by the International Group of P&I Clubs. The contract includes rate sheets and a funding agreement and Donjon-SMIT believes vessel owners will benefit from the extent of the contract which fairly protects the interests of both shipowner and salvor.

Also included in Donjon-SMIT's package is its 2011 retainer fee rate structure for tank vessels operating under the new OPA-90 salvage regulations that go into effect in early 2011. Donjon-SMIT offers fleet discounts and a damaged stability program capability within this structure. Donjon-SMIT will continue to offer non-tank vessels its current no-cost retainer under its existing contract umbrella.

The new SMFF services package includes 100 percent coverage to all Coast Guard Captain of the Port zones, using Donjon-SMIT organic resources and an extensive organization of partners and subcontractors, providing coverage in all locations required to be covered by the new regulations. As part of its services, Donjon-SMIT offers a unique tool to help its clients certify (in accordance with the regulations) Donjon-SMIT's ability to comply with all aspects of the regulations, including the 15 salvor prerequisites and the response time planning standards.

Donjon-SMIT has developed a video explaining the compliance tool evaluator as well as a comprehensive overview of the regulatory requirements fulfilled by Donjon-SMIT's program.

This program is being coordinated closely with all Qualified Individuals and Plan Preparers to assist in a smooth transition into the new requirements and submission of new Vessel Response Plans as required under the law.

"We are confident that a review of our capabilities will convince customers/clients that Donjon-SMIT offers the best OPA-90 salvage response program in the industry and is well suited to be the primary salvor of choice," said Paul Hankins, Vice President, Donjon-SMIT.


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