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Multinational NATO Squadron For Med The Chiefs of Staff of the North Atlantic Treaty Organization (NATO), headquarted in Brussels, Belgium, announced the establish- ment of a new squadron of approxi- mately 8 frigates to patrol the Medi- terranean Sea. Already operatonal, the fleet is drawn from the 16 members of NATO and organized along the lines of the alliance's standing naval force in the North Atlantic, which has been operating successfully for many years. S&P 'BBB' Rating To Be Accepted By MarAd A recent report has revealed that the U.S. Maritime Administration (MarAd) has decided to accept Stan- dard & Poor's (S&P) 'BBB' claims- paying ability rating. According to U.S. law only those foreign underwriters that have re- ceived an 'A', or some rating which is equivalent to it, may apply for ap- proval to write the hull cover. In 1988, when the rule was first imple- mented, Insurance Solvency Inter- national (ISI) was the only rating service with international coverage although, according to MarAd, S&P was also rating insurers. S&P acquired ISI in 1990 in a move which was aimed at expand- ing S&P's international hull cover- age. Manchinu Named President Of TTS, Inc. A. (Tony) Manchinu was re- cently promoted to the position of president of Total Transportation Systems, Inc. (TTS, Inc.). The an- nouncement was made by chairman of the board, Olav Munch. Mr. Manchinu was previously execu- tive vice president of the company. A. (Tony) Manchinu TTS is one of the leaders in ship- yard material handling and produc- tion systems. The systems include panel production lines, beam pro- cessing lines, web assembly lines, and heavy lift and transport equip- ment. Promet Repairs USS Capadanno Under $134,788 Pact Promet Marine Services Corp., Providence, R.I., was recently awarded a $134,788 for a technical availability of the frigate USS Capadanno (FF-1093). The contract was awarded by the Supervisor of Shipbuilding, Conversion and Re- pair, Boston. Free Brochure Offered By Morse Controls On Single Lever Control Morse Controls Division, IMO Industries, Hudson, Ohio, is offer- ing a free brochure on its new single- lever, dual function control, SL-3. The brochure contains, descriptions, features and specifications. Recently unveiled, the SL-3 con- trol is a new concept in control de- sign. According to Morse Controls, the SL-3 operates with fewer moving parts, has lifetime lubrication fea- tures, is easily adapted to any in- stallation, and is sold complete with an extended 3-year warranty. For a free copy of the brochure from Morse Controls, Circle 77 on Reader Service Card How To Prevent APart Attack. When it comes to finding or selling marine parts and equipment, Inventory Locator Service, Inc. (ILS) can put you in touch with the world. We list the inventories of suppliers industry-wide on our data base for easy access by buyers in need of marine equipment. Ship owners and managers use ILS to locate equipment around the clock, improve logistical support and reduce communication costs. Marine industry suppliers use ILS to open new markets, find new customers, and increase sales. As a subscriber to our service, you can search the inventories of marine industry suppliers worldwide in seconds with a single call. The ILS data base can tell you: • Who has the equipment you need • Quantity on hand • Condition - whether it is new, used or overhauled And we give you the information to contact the seller directly. As an independent provider of information, we do not take part in the sales transaction. There's never been an easier way to find or sell marine parts and equipment. Investigate now! Call or write: Inventory Locator Service, Inc. 3965 Mendenhall Road Memphis, TN 38115-U.S.A. 901/794-4784 • 800/233-3414 Fax 901/794-1760 Intralink Service (Europe) Ltd. Crawley, West Sussex, UK 0293-562011 • Fax 0293-562066 A RYDER SYSTEM Company Circle 277 on Reader Service Card 68 Maritime Reporter/Engineering News