Amendment of Special Clauses 18 February 2005 No.04-015 Please be advised that according to the mutual consents of the International Group of P&I Clubs, the following Special Clauses are to be partly or completely amended and to be applied for 2005/6 policy year. P&I WAR RISKS CLAUSE The limit of cover under this Clause, which is mentioned in Clause 3(1) of this Clause, is to be increased from US$400m to US$500m for 2005/6 policy year. BIO-CHEM CLAUSE The limit of cover under this Cluase, which is mentioned in Clause 2(1) of this Clause, is to be increased from US$20m to US$30m for 2005/6 policy year. Due to the close of Athens Olympic, the provision regarding the area relating to the Olympic, which was set out in Clause 3 of this Clause is to be deleted and the numerical order of the following Clauses is to be amended accordingly. CHARTERERS LIMITATION CLAUSE So far the limit of cover applying the charterer member who independently enters with the Association under provisions of "Special Cover for Charterers" was based on US$50m in excess of the applicable owner's limitation amount but with further limits for oil pollution claim and non-oil pollution claim as well as aggregate limits where there were multiple charterers' entry for the same ship, and was complicated. As a result that the International Group has considered this matter to simplify the clause, it was agreed that for 2005/6 policy year, the cover for the above charterers is to be a combined single limit of US$350m for all risks in respect of one vessel any one accident or occurrence. According to this, the Association has decided to abandon this Clause and to simply put the amount of US$350m on the Certificate of Enrty. CHARTERERS (JOINT MEMBERS) LIMITATION CLAUSE Furthermore, the International Group has also consider how to deal with the charterers who jointly enter with the association under the Shipowner's and/or the bareboat charterer's entry, and it was agreed that the limit of cover for su