DonJon-SMIT New Salvage, Lightering & Marine Firefighting Package

Monday, July 19, 2010

Donjon-SMIT, LLC’s Board of Directors announced that its new Salvage, Lightering and Marine Firefighting (SMFF) services package is now complete and includes a new Coast Guard-approved and International Group of P&I Club–accepted contract.  Providing the first of its kind rate sheets and a funding agreement, 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% 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.

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