Month: July 2018

Rule 2 Entry

ENTRY Any person who wishes to enter a ship for insurance in any Class of the Association shall apply on the application form in current

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Rule 3 Special Entries

SPECIAL ENTRIES The Managers may, notwithstanding the provisions as to contribution in these Rules, accept entries on special terms as to contribution, as to the

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Rule 5 Reinsurance

REINSURANCE The Managers may reinsure the whole or any portion of the risks assumed by the Association upon such terms and in such manner as

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Rule 9 Special Calls

SPECIAL CALLS Notwithstanding anything in the Rules, the Directors may in their discretion at any time levy on any Member of the class concerned a

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Rule 11 Payment of Calls

PAYMENT OF CALLS Every Advance, Supplementary, Release or Special call shall be payable in such installments and on such dates as the Managers shall specify.

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Rule 13 Late Payments

LATE PAYMENTS Without prejudice to the rights and remedies of the Association under these Rules, particularly General Rules 12, 31 and 34, if any call

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Rule 14 Debtor Members

DEBTOR MEMBERS If any contribution or other payment due from a Member to the Association is not paid and if the Managers consider that payment

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Rule 21 Set-off

SET- OFF Without prejudice to any other provisions contained in the Rules, the Association shall be entitled to set off any amount due from a

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Rule 22 Bail

BAIL The Association is under no obligation to provide bail, security for coasts, deposits or any other security whatsoever on behalf of any Member in

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Rule 24 Other Insurances

OTHER INSURANCES The Association shall not cover liabilities, losses, costs or expenses which would have been recoverable under any other insurance: Where a Member is

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Rule 29 Specific Exclusion

SPECIFIC EXCLUSION This rule shall be paramount and override anything to the contrary contained in this insurance, except the Rules of Class III as regards

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Rule 30 Sanctions

SANCTIONS The Association shall in no circumstances cover any liability, loss, damage, cost or expense: where the provision of cover or any payment in respect

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Rule 31 Calls

CALLS If any events specified in paragraphs 1-3 of General Rule 32 shall occur in relation to a Member or to an entered ship, then

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Rule 35 Forbearance

FOBEARANCE No act, omission, course of dealing, forbearance, delay or indulgence by the Association in enforcing any of the Rules or any of the terms

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Rule 40 Notices

NOTICES Subject to General Rule 42, a notice or other document required under these Rules to be served on the Association may be served by

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Rule 41 Choice of Law

CHOICE OF LAW The Rules and any contract of insurance between the Association and a Member shall be governed by and construed in accordance with

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Rule 1 Definitions

DEFINITIONS In these Rules, the following words and phrases shall have the following meanings unless the context otherwise requires. Carrying Unit Any device or receptacle

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Rule 2 Introductory

INTRODUCTORY Insurance in this Class is subject to the Rules and to the Memorandum and Articles of the Association. The contract relating to entry in

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Rule 3 General

GENERAL Right of Recovery Limitation of Liability Oil Pollution Limitation Want of Due Diligence 1. Right of Recovery If the Member shall, in respect of

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Rule 4 Risks Covered

RISKS COVERED Subject to the Rules and to the Certificate of Entry, the risks covered by the Association are the risks set out in subrules

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Rule 5 Entry and Notice

ENTRY AND NOTICE Unless otherwise agreed in writing at the time of entry and subject as otherwise provided in these Rules, the insurance shall begin

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Rule 7 Abandonment

ABANDONMENT In the event of an entered ship becoming an actual or constructive total loss, the Association shall, subject to the Hull underwriters’ rights in

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