Please see the attached advisory entitled "Steel Cargo Claims/Ventilation Practices" which we obtained from Metairie based surveyors Messrs. Technical MaritimeAssociates,Inc. through New Orleans law firm, Murphy, Rogers, Sloss & Gambel.

There now appears to be an upward trend in steel cargo claims due to condensation, especially in the United States. We hope that this will be of help to the Members whoare engaged in carriage of steel cargo.