Thai is a nice trailer. It looks like the rotating lunette ring has been replaced. I never replaced it on mine. It does go "klunk-klunk" at every bump, but i I just think it is letting me know its still back there. Did you know the two loops under the trailer were specified on batches of M100 trailers delivered to the Marine Corps? Mine, made by Dunbar Kapple has those loops and for a long time I wondered why all the other ones I saw did not have them.