MERCHANT MARINE CIRCULAR MMC-202

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PANAMA MARITIME AUTHORITY (AUTORIDAD MARÍTIMA DE PANAMÁ) GENERAL DIRECTORATE OF MERCHANT MARINE (DIRECCIÓN GENERAL DE MARINA MERCANTE) DEPARTMENT OF CONTROL AND COMPLIANCE (DEPARTAMENTO DE CONTROL Y CUMPLIMIENTO) F-265 (DCCM) V.00 MERCHANT MARINE CIRCULAR MMC-202 To: Subject: Reference: Ship-owners/Operators, Company Security Officers, Legal Representatives of Panamanian Flagged Vessels, Panamanian Merchant Marine Consulates and Recognized Organizations (ROs). List of Approved P&I Clubs/Insurers International Convention on Civil Liability for Bunker Oil Pollution Damage of 2001 (Bunkers Convention). Merchant Marine Circular N.180 Merchant Marine Circular N.198 Law N.7 of January 14, 2009 1. The purpose of this Merchant Marine Circular is to inform the list of P&I or Insurers approved by this Administration for the issuance of the Bunker Convention Certificates, PAL and Wreck Removal Convention Certificates. 2. On the Blue card, the field labeled TO the information to be used is as follows: P.O. Box 0843-0533 Balboa, Ancon Panama, Republic of Panama 3. The list of approved P and I Clubs/Insurers is as follows: 1. Absolute Insurance Ltd. 2. AEGIS London 3. Aigaion Insurance Company S.A. 4. Alandia Marine 5. Alfa Strakhovanie 6. American Steamship Owners Mutual Protection and Indemnity Association, Inc 7. Argenta Syndicate Management Limited 8. Arsenal LLC 9. Assuranceforeningen Gard 10. Assuranceforeningen Skuld 11. Astra Asigurari S.A. 12. Atrium Underwriters Limited

13. Aviation Marine and Transport Insurance Limited (AMT Insurance Ltd.) ex. Investflot Insurance Co. Ltd. 14. Al-Bahriah Insurance & Reinsurance S.A.L. 15. Beazley P&I Club 16. British European & Overseas P&I 17. British Marine (QBE Insurance(Europe) Limited) 18. British Steamship Management Limited 19. Canopius Managing Agents Syndicate 20. Carina P&I Cover for Small Ships 21. Catlin Underwriting Agencies Limited 22. Central Insurance Company 23. CertAsig Insurance and Reinsurance Co. S.A. 24. Charterers P&I Club 25. Chaucer Syndicate Limited 26. China Continent Property & Casualty Insurance Company Ltd. 27. China Shipowners Mutual Assurance Association 28. China Taiping Insurance (HK) Company Limited 29. Chubb Group of Insurance Companies 30. Chubb Insurance Company of Canada 31. Coastal Marine Mutual Association Ltd. 32. Coastal Marine Services Ltd. (CMS) 33. Eagle Ocean Marine 34. Edinburgharian PANDI Management Limited; approved until 7 September 2022. 35. Falvey Insurance Service LLC 36. Gard P&I (Bermuda) Ltd 37. Great American Insurance Group 38. Hans Van Berghem 39. Hanseatic P&I 40. Hanseatic Underwriters 41. Hiscox Syndicate Limited 42. Hydor 43. Indian Ocean Shipowner s Mutual P& I Club 44. Ingosstrakh Ltd. 45. Insurance Company Scandinavia 46. InterCoastal Shipowners P&I B.V. 47. KISH P&I Club 48. Korea P&I Club (The Korea Shipowner s Mutual Protection & Indemnity Association) 49. Korea Shipping Association 50. Liberty Sindicate Management Limited 51. LLC IC Orbita 52. Lodestar Marine Limited 53. Maritime Mutual Insurance Association (NZ) Limited 54. Mitsui Sumitomo Insurance Co., Ltd. 55. MS Amlin Asia Pacific Pte. Ltd. 56. MS Amlin Marine N.V. 57. Navigators P&I 58. Noord Nederlandsche 59. North Netherlands Protection & Indemnity Association

60. PICC Property and Casualty Company Limited 61. Ping An Property & Casualty Insurance Company Of China, Ltd. 62. Post and Co. 63. Progress Garant (as part of Allianz) 64. QBE Insurance Group Limited 65. Rosgosstrakh Insurance Comapny 66. Russian Insurance Centre 67. Russian P&I Pool 68. Safeguard Guarantee Company Ltd 69. Shoreline Ltd. 70. Skuld Mutual Protection and Indemnity Association (Bermuda) Ltd. 71. Sogaz Insurance 72. Soglassye Insurance Company 73. Sompo Japan Nipponkoa Insurance Inc. 74. SOVAG Schwarzmeer und Ostsee Versicherung AG 75. Star Underwriting Agents Limited 76. Suderland Marine Mutual Insurance Company Limited 77. Sunshine Property And Casualty Insurance Co.,Ltd. 78. Sveriges Angfartygs Assurans Förening (Swedish Club) 79. Talbot Underwriting Limited 80. The Britannia Steam Ship Insurance Association Limited 81. The East of England P&I Association Ltd. 82. The Japan Ship Owners' Mutual Protection & Indemnity Association 83. The London Steam-Ship Owners' Mutual Insurance Association Ltd 84. The North of England Protecting & Indemnity Association Ltd 85. The Shipowners' Mutual Protection & Indemnity Association (Luxembourg) 86. The South of England Management AG 87. The Standard Club Asia Ltd. 88. The Standard Club UK Ltd. 89. The Standard Steamship Owners Protection & Indemnity Association (Bermuda) Limited 90. The Standard Steamship Owners Protection and Indemnity Association (London) Ltd. 91. The Steamship Mutual Underwriting Association (Bermuda) Limited 92. The Steamship Mutual Underwriting Association Ltd. 93. The Qeshm International Trust Alliance P&I Club. 94. The West of England Ship Owners Mutual Insurance Association (Luxembourg) 95. Thomas Miller Specialty Ltd 96. Türk P VE I Sigorta Anonim Sirketi 97. United Insurance Company of Vietnam 98. United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited 99. United Kingdom Mutual Steam Ship Assurance Association (Europe) Ltd. 100. VSK (BCK) ex Military Insurance Company 101. Water Quality Insurance Syndicate 102. Zurich North America 4. The P and I Clubs/Insurers that are not listed and wish to be approved by the, may apply by sending a written request to:

General Directorate of Merchant Marine Edificio PanCanal Plaza, Albrook P.O. Box 0843-0533 Balboa, Ancón liabilities@segumar.com Phone: +507 501-5357 5. Evaluation fee for P & I Clubs / Insurers is of B/ 500.00, as per Resolution J.D. No. 024-2017 of 24 July 2017, which amend the Resolution J.D.020-2015. 6. The P&I Clubs / Insurers will be approved for a period of five (5) years, subject to renewal, from September 06, 2017. 7. The P&I Clubs / Insurers previously approved up to September 05, 2017 and listed in this Circular will continue to be approved until September 05, 2019. December, 2018 Company name unification, Hydor. September, 2018 - Change in company name from OSPREY UNDERWRITING AGENCY LTD to THOMAS MILLER SPECIALTY LTD September, 2018 - New company included SOGAZ INSURANCE September, 2018 New company included LLC IC ORBITA August, 2018 -Change in company name May, 2018 - Inclusion of new company The Qeshm International Trust Alliance P&I Club. Name change from Shoreline Passenger Solutions (SPS) to Shoreline Ltd. March, 2018 New company included Hanseatic Underwriters October, 2017 Edinburgharian PANDI Management Limited added. Name change from RaetsMarine Insurance B.V. to 1. MS Amlin Marine N.V. September, 2017 Amendment to paragraph 4, and paragraphs 5, 6 and 7 added. August, 2017 Inclusion of new companies. January, 2017 Change of Company Name December, 2016 Inclusion of new Company September, 2016 Inclusion of new Company August, 2016 Inclusion of new Company, subject, deletion of previous paragraphs 3, 4, 5 and 9, remaining paragraphs renumbered and new paragraph 5 included, adding numbers to P&I list. July, 2016 Change of Company Name April, 2016 Inclusion of new company November, 2015 Inclusion of new company September, 2015 - Change in company name August, 2015 - Inclusion of new company June, 2015 - Change in company name February, 2015 - Inclusion of new companies March, 2014 - Inclusion of new company December, 2013 - Inclusion of new company October, 2013 - Change of company name August, 2013 - Inclusion of new company July.2013 - Inclusion of new company June, 2013 - Inclusion of new company March, 2009 Inquiries concerning the subject of this Circular or any request should be directed to: SEGUMAR-Panama Directorate General of Merchant Marine

Phone: (507) 501-5348 / 5350 Fax: (507) 501-5363 / 5364 E-mail: rberrocal@segumar.com deputychief@segumar.com liabilities@segumar.com PanCanal Building Albrook, Panama City Republic of Panama Tel: (507) 501-5355 mmc@amp.gob.pa