STATUS OF CLAIMS AGAINST THE PANAMA CANAL COMPANY FOR FISCAL YEARS 1977, 1978 AND 1979 Please note that the unusually large number of lawsuits filed during 1978 and the first nine months of 1979 were occasioned by the 1977 treaty with Panama which provided that the United States District Court for the District of the Canal Zone (which was the only court with jurisdiction over suits against the Panama Canal Company for vessel damage sustained at the canal) could not accept any new cases after October 1, 1979. STATUS OF CLAIMS AGAINST THE PANAMA CANAL COMPANY FOR FY 1977 DATE DATE AMOUNT OF OF OF BLI NO. VESSEL ACCIDENT CLAIM CLAIM STATUS 1-77 WORLD MEDAL 10/03/76 03/28/78 $ 54,977.41 Offer to settle for $30,257.76 communicated to owners 11/9/78. Offer rejected 5/10/79 and suit for $60,000 file 9/12/79. Settled by Department of Justice for $36,000 12/3/80. 2-77 TRADE ENDEAVOR 10/06/76 03/06/79 512,779.81 Suit for $547,579.81 filed 8/23/79. Additional information received 10/8/80. Settled by Department of Justice for $285,937.37 5/5/81. 3-77 TRADE ENDEAVOR 10/08/76 03/06/79 Both accidents under one claim. 4-77 DONA HOFTENCIA 10/17/76 12/30/77 150,974.53 Additional information received 4/4/79. Offer to settle for $77,936.28 sent to owners on 9/27/79. Settled for $77,936.28 6/11/82. 5-77 MOTOR BOAT No. 3459 10/17/76 No claim 6-77 Yacht GLORIA MARIS 10/24/76 11/04/76 3,100.00 Settled for $1,550 4/4/77 7-77 AXEL MAERSK 10/30/76 No claim 8-77 SUECIA 11/17/76 No claim 9-77 SELLINIS 12/13/76 No claim 10-77 BENKENASCH 12/17/76 10/06/78 29,426.80 Five requests for additional information between 10/9/78 ano 4/4/79. Settled for $18,444.29 9/27/79. 11-77 CHEVRON GENOA 12/20/76 05/02/77 5,500.00 Settled for $5,500.00 5/31/77. 12-77 SINGAPURA KEDUA 12/21/76 06/20/77 551,379.65 Six requests for additional information between 7/18/77 and 3/9/78. Referred to General Counsel for review 9/11/78. Offer to settle for $497,120.89 5/3/79. Settled for $497,120.89 7/12/79.