EXHIBIT P.

[Copy letter to Russian admiral, 9/15/92.]

Sir: With reference to our conversation on board of the Dimitri Donskoi regarding my claim for the seizure of the Cape Horn Pigeon by the Russian authorities, I now beg to inform you that I will agree to an indemnity of $49,500, payable in United States gold currency.

This represents the proportion of my season’s work lost through my seizure and detention, based upon the average of the proceeds of former seasons, including also an indemnity to my officers and crew, as well as their own and my expenses while at this port.

I will agree to this sum provided that I am not put to any further expense and am allowed to proceed at once to the United States, and will guarantee on behalf of myself and owners that no further proceedings will be taken in this matter.

Yours, respectfully,

Thomas Scullun,
Master Cape Horn Pigeon.

Rear-Admiral P. Tyrtow,
Commander in Chief Russian Naval Forces in the Pacific.