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Insurance

   Vessel

          Liability (P&I)               1 million
            (Commercial Union policy CBH 620103)

          Pollution cleanup         1 million
             (Water Quality Insurance Syndicate  policy 29-15387)         
            ........................................................................................................................        

   Marine Contracting and Ship Repairing
     including contractual liability insurance

       Commercial Marine General Liability  and  
       Ship Repairers Legal Liability 

           1 million per occurrence
           2 million general aggregate

                (American Home Assurance binder B990800359)