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Tanker Operators Asking Charterers To Cover Oil Spill Costs Stemming from the U.S. Oil Pol- lution Act of 1990, tanker operators are transferring rising liability in- surance premiums and the costs of covering Coast Guard spill response plans to their charterers. As a result of U.S. legislation, the International Association of Inde- pendent Tanker Owners wants the charterer to bear all extra expenses incurred. The Association is also asking for the additional costs to be broken down, allowingU.S. consum- ers to see the negative effect the Oil Pollution Act is having on their oil prices. Tanker owners and their repre- sentatives are most immediately concerned with the increased insur- ance premiums for vessels carrying crude oil to the U.S. Without indicating who should pay for the additional premiums, the protection and indemnity clubs, composed of shipowners and char- ters are recommending that charter contracts have clauses written into them that specifically reference the U.S. law. Jotun Coatings For All Statoil Platforms Under an agreement with Statoil, Jotun Protective Coatings A/S, Nor- way, is supplying protective coat- ings and technical services for all three Gullfaks and Veslefrikk off- shore platforms. The value of the two-year contract is over $ 1,553,000 (10 million Norwegian kroner) and this agreement makes the Jotun group the principle supplier of coat- ings and services to all Statoil in- stallations in the Norwegian sector of the North Sea field. In addition, Jotun and Statoil have signed a contract, valued at a further $1,863,600 (12 million Nor- wegian kroner), to develop a wider range of environmentally friendly products over the next 3 years. This contract will enable Jotun to supply Statoil with all their requirements over the contract period, stated Per Berg, divisional director at Jotun Protective Coatings. The new research and develop- ment contract follows an earlier pro- gram relating to maintenance coat- ings that was carried out in 1991. As a result of that program, Statoil and Jotun have developed a model solution for the problem of pretreat- ments and maintenance coatings in the offshore environment. For additional information about the marine coatings produced by Jotun Protective Coatings, Circle 57 on Reader Service Card Oil Industry Warns US Of Looming Price Shock Charles DiBona, head of the American Petroleum Institute, warned that by continuing to dis- courage domestic production, the United States faced an oil price shock by the end of this decade. In spite of the world's current oil glut, he stated that "We're headed for disaster." Before delivering a speech to the Detroit Economic Club, Mr. DiBona told reporters that "We're going to find ourselves, within a relatively short time, importing not half of our fuel but two-thirds of it." Continu- ing, he said that "If that happens at a time when there is any kind of squeeze on the availability of petro- leum, the price will rise very sharply." He went on to say that there were fewer U.S. drilling rigs currently in operation than at any time since the mid-1940s, when such statistics were first regularly recorded. 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