Page 2: of Maritime Reporter Magazine (September 15, 1994)

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USP&I adjuster Joe Stapleton. s a former ships master a th over 20 yea's maritime experience

Choose USP&I for more efficient claims handling.

Most USP&I adjusters are former ships officers with extensive maritime backgrounds

They are abreast of the lastest advances in marine transport and changes in maritime law. They can evaluate an exposure promptly and accurately— often saving the cost of legal services and drawn out litigation.

When you consider the expense of delay and the higher and higher judgments being awarded, doesn't it make sense to use an adjuster with the know-how to settle a claim promptly?

For a free copy of our Directory and Profile, write to:

Adrian Tocklin. USP&I. 2 Corporate Place South.

Piscataway, NJ 08854. Tel. (201) 981-8200.

Telex: 233004 CTL UR Cable Address: USPIAGE

IJROI

United States P&l

Agency. Inc

A subS'Oiary oi Unae- .v.- !ers Adjusting

Company

USP&I Offices Boston.

Houston New Orleans.

New York. Norfolk, VA

Tampa. FL

Adrian Tocklin

USP&I 2 Corporate Place South

Piscataway. NJ 08854

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ON THE

COVER

Canadian Offshore

Resources Exposition —Preview—

PAGE 44

A.S.N.E. Fall

Symposium —Naval Ship Maintenance & Modernization/Affordability—

PAGE 22

Third International

Symposium On

Marine Salvage

PAGE 16

House Passes $250-Million

Shipbuilding Subsidy

Authorization Bill

The U.S. House of Representa- tives recently passed by voice vote a special subsidy bill (HR-5220) that would authorize the appropriation of $250 million "to protect the na- tional defense shipyards of the

United States" by helping to build ships domestically.

The legislation would authorize the appropriation of $200 million in "shipyard incentive payments" of not more than 50 percent of the price to construct a commercial vessel in a U.S. yard, to be paid to the shipyard submitting the lowest bid. It would also authorize $50 million to finance the purchase of commercially obsolete vessels by the Secretary of Transportation for inclusion in the National Defense

Reserve Fleet.

The new ships would be built for the government's account and then either chartered or sold to private operators for operation in U.S. for- eign trade.

The bill is subject to Senate pas- sage. Actual appropriation of the money will depend upon passage of a separate spending bill.

Gibbs & Cox Firm Awarded $30-Million Navy Contract

For Design Agent Services

Gibbs & Cox Inc., naval architects and marine engineers of New York

City, has been awarded a $30,518,837 cost-plus-fixed-fee

Navy contract for class design agent services for the FFG-7 Class guided- missile frigate construction pro- gram. The Naval Sea Systems Com- mand is the contracting activity.

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