Rule 10 JOINT ENTRIES AND FLEET ENTRIES

A .If a ship shall be entered in the names of or on behalf of more persons than one (hereinafter referred to as “Joint Members”) the terms upon which each Joint Member shall be entitled to recover losses from the Association and upon which the Association shall be entitled to recover Calls or Fixed     Premiums from the Joint Members shall be such as may be agreed in writing between the Joint Members and the Managers.

B. Unless otherwise agreed in writing all Joint Members shall be jointly and severally liable to pay all Calls, Premiums, contributions or other sums due to the Association in respect of such entry, and the receipt by any one of such persons for any sums payable by the Association in respect of such entry shall be a sufficient discharge of the Association for the same.

C. Failure by any Joint Member to disclose material information within his knowledge shall be deemed to have been failure of all the Joint Members.

D.  Conduct of any Joint Member which would have entitled the Association to decline to indemnify him shall be deemed the conduct of all the Joint Members.

E. Unless the Managers have otherwise agreed in writing, the contents of any communication from or on behalf of the Association to any Joint Member shall be deemed to be within the knowledge of all the Joint Members, and any communication from any Joint Member to the Association, the Managers or their agents shall be deemed to have been made with the full approval and authority of all the Joint Members.

F. Fleet entries

Where more than one ship is entered by one or more Members and the Managers agree in writing that those ships will be treated as a single fleet for the purpose of insurance in the Association, those Members, if more than one, shall be jointly and severally liable for payment of all Calls, Premiums, contributions or other sums due to the Association in respect of such entry, and for the purpose of the same shall be deemed to be a single Member and the entered ships deemed to be entered on that single Member’s behalf. The relevant provisions of the paragraphs [A] to [E] shall apply to the entry specified in this paragraph [F].