EXCLUSION OF RISKS COVERED BY OTHER POLICIES, ETC
The Association shall not insure the Member to any extent whatsoever against any of the risks and liabilities, costs or expenses against which he would be insured if at the time of the incident giving rise to the said risks, liabilities, costs or expenses the chartered ship had been: fully covered against the risks insured by the Association’s Class II – Freight, Demurrage and Defence – or by some equally wide insurance.
If the Member has the benefit of other insurances covering the risks insured under this entry, the insurance provided by this entry shall be excess of the coverage available under such other insurances.
