MARITIME ADMINISTRATION: REFERENCE IS MADE TO YOUR LETTER OF MARCH 24. YOU ADVISE THAT YOU HAVE MADE A STATUTORY FINDING AS TO INADEQUACY OF COMMERCIAL WAR RISK INSURANCE FROM THE TERMINATION OF COMMERCIAL WAR RISK COVERAGE AND HAVE AUTHORIZED THE AMENDMENT OF MARITIME ADMINISTRATION WAR RISK INSURANCE BINDERS EFFECTIVE AS OF MAY 8. A COPY OF THE ABOVE-MENTIONED FINDING WAS ATTACHED TO YOUR SUBMIS...

MARINE AND WAR RISK INSURANCE - BINDERS - TIME EXTENSION INASMUCH AS BINDER FEES FOR VESSEL WAR RISK INSURANCE INTERIM BINDERS ARE NOT APPLIED ON THE PAYMENT OF PREMIUMS AND DO NOT CONSTITUTE ANY PART OF THE CONSIDERATION FOR THE RISKS TO BE INSURED IF WAR BREAKS OUT. THE PROPOSAL TO EXTEND THE PERIOD OF TIME DURING WHICH EXISTING BINDERS WILL REMAIN IN FORCE WITHOUT CHARGING ADDITIONAL BINDER FEE...