1 on 23 March 1907 by Queen Wilhelmina of the Netherlands, on the three hundredth birthday of Admiral Michiel de Ruyter The medal is awarded to those members of the Dutch Merchant fleet who distinguish themselves by praiseworthy acts of duty for Dutch shipping.

The medal was originally awarded in gold, silver or bronze, with only gold medals awarded since 1969.

Awards are on basis by nomination of the Netherlands government and by royal decree.

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