Rule 14 MEMBERSHIP

A.  Any Owner may apply to enter a ship, with valid Classification Certificate and all statutory certificates of the ship issued by or on behalf of the State of the ship’s flag, for insurance in the Association. If the Association accepts the application from the Owner on terms that Calls are payable to the Association(“Call Entries”)and enters his name in the Register of Members, then as from the date of the acceptance of such entry, such ship shall be and become an entered ship and the Owner shall be and become a Member.

B.  If the Association accepts an application from an Owner for a ship to be entered on terms that a fixed premium is payable to the Association (“Fixed Premium Entries”), the Managers may in their discretion decide either that Owner is to be or that he is not to be a Member.

C.  Whenever the Association agrees to accept the reinsurance of any risks in accordance with paragraph [A] of Rule 13, the Managers may in their discretion decide that the insurer reinsured by the Association and/or the Owner insured by such insurer is to be a Member or that neither of them is to be a Member.

D.  An Owner shall cease to be a Member if for any reason whatsoever the period of insurance shall have terminated in respect of all ships entered in the Association in his name. Whenever the period of any reinsurance shall have terminated the insurer reinsured by the Association and the Owner insured by such insurer, if previously a Member, shall cease to be one.

E . Unless otherwise agreed between the Member and the Managers as part of the terms upon which the ship is entered in the Association in respect of any variation of the terms of these Rules, the facts that the Member has made application for the entry of his ship in the Association and that his application has been accepted by the Association shall be deemed as an evidence that the Member has accepted and agreed that his ship shall be insured in the Association upon the terms and conditions as set out in these Rules. For all the purposes, the terms and conditions as set out in these Rules shall include,but not be limited to, the provisions in respect of risks covered, exclusions, deductibles, limitations, etc.

F.  The Member shall be bound to pay Calls/Fixed Premiums to the Association in accordance with Rules 16,17, 18, 24, 25 and 26.

G. For all the purposes of this insurance, unless otherwise expressly provided in these Rules, any reference of “Member” in paragraphs [E] and [F] of this Rule and all other Rules shall be deemed to include the Member and the Owner insured by the Association and insurer reinsured by the Association and the Owner insured by such insurer, irrespective of whether they are Members or not in accordance with the provisions of this Rule.