Summary of Services

SIGCo's primary function is the provision of Financial Guaranties needed to support COFRs issued by the United States Coast Guard (USCG) for the world's blue-water tonnage trading to the USA. SIGCo is approved by the USCG as a result of capitalisation in excess of $25 million and a comprehensive reinsurance program supported by some of the world's largest reinsurance companies.

SIGCo is liable as Guarantor for claims arising under OPA90/CERCLA that result from oil pollution incidents occuring within the US Exclusive Economic Zone.

As a logical extension of its primary responsibility, SIGCo will also apply to the USCG for a COFR on behalf of the shipowner. In addition to removing the onerous administrative burden of such an application, SIGCo will also absorb the associated fees payable to the USCG and the US processing agent. There is no charge to the shipowner for this service.

As a further service to it's members, SIGCo has arranged a facility to provide an International Carrier Bond (ICB). This is required for the shipowner to comply with AMS and APIS regulations when trading to the US. The SIGCo ICB program is the lowest cost, least administratively burdensome option currently available, and processing is done in the Company's usual efficient manner.