DONJON-SMIT: NEW SALVAGE, LIGHTERING & MARINE FIREFIGHTING PACKAGE

News Release DONJON-SMIT, LLC July 19, 2010

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Alexandria,
VA -- Donjon-SMIT, LLC’s Board of Directors has announced that its new Salvage,
Lightering and Marine Firefighting (SMFF) services package is now complete and
includes an innovative 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.
Prior
to submitting your new Vessel Response Plan, all tank vessel owners planning to
operate in the U.S. in 2011 are encouraged to request an appointment with a
Donjon-SMIT representative so that the program can be explained or consult your
QI for guidance.  
“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.
Interested
tank vessel owners/operators, as well as other parties, should contact
Donjon-SMIT at 1-703-299-0081
or visit <A
href="redir.aspx?C=bf08664af6964da79a9bac44ea1138e1&URL=http%3a%2f%2fwww.donjon-smit.com"
target=_blank>www.donjon-smit.com</A>.  If non-tank vessel
owners or operators are interested in reviewing the new contract and program, a
summary will be provided upon request.</DIV></BODY></HTML>