CIRCULATED TO ALL MEMBERS, BROKERS AND DIRECTORSFurther to the Association’s Circular of 20th January 2004 advising Members that the limit of liability for all claims under Rule 2 Part D (Protection and Indemnity risks) was to remain £325,000,000 or equivalent each Entered Ship any one accident or series of accidents arising out of any one event, the agreed equivalent amounts are now as show below.The limit of liability for claims under Rule 2 Part D is therefore,£ 325,000,000 US$ 500,000,000 Euros 425,000,000 Can $ 650,000,000according to the currency of the insured values and amounts declared by the Member for the purposes of Rule 2 Parts A and B and Rule 3.WJM DOUGLAS MANAGERNorth Insurance Management LimitedAs Managers on behalf of the North of England P&I Association Limited