Rule 22   NOTICE OF TERMINATIO

A. In respect of the cover under Rule 3 or Rule 4

i. The period of insurance of any ship entered in the  Association (otherwise than for a fixed period) may be terminated in the following manner:

(i) The Managers in their discretion and without giving any reason may give a written notice of termination to any Member not later than 12 hours G.M.T. on the 20th January in any policy year.

(ii) A Member in his discretion and without giving any reason may give a written notice of termination to the Association not later than 12 hours G.M.T. on the 20th January in any policy year.

ii. If a notice shall have been given pursuant to paragraph [A] [i] of this Rule the period of insurance shall terminate at 12 hours G.M.T. on the 20th February immediately following such notice. Save with the agreement of the Managers a ship may not be withdrawn from the Association nor may any notice of termination be given at any other time.

B. In respect of the cover under Rule 5

Unless otherwise provided in these Rules, a written notice may be given by either the Managers or the Member not later than zero hour Beijing time on the 20th December in any policy year and if a notice shall have been so given, then the period of insurance shall terminate at 24 hours Beijing time on the 31st December immediately following such notice. Except the provisions in respect of the time and date at which the notice may be given and the insurance may be terminated, any other provisions as set out in paragraph [A] above shall apply to the cover under Rule 5.