BYE-LAW
RULES
DEFINITIONS
INTRODUCTORY
FREIGHT, DEMURRAGE & DEFENCE RISKS COVERED
HULL & MACHINERY RISKS COVERED
SPECIAL COVER
SPECIAL COVER FOR CHARTERERS, SPECIALIST OPERATIONS AND PASSENGER SHIPS
CONDITIONS, EXCEPTIONS AND LIMITATIONS
APPLICATIONS FOR INSURANCE AND DISCLOSURE
JOINT ENTRIES AND FLEET ENTRIES
GROUP AFFILIATE COVER
CERTIFICATE OF ENTRY AND ENDORSEMENT SLIP
REINSURANCE
MEMBERSHIP
ASSIGNMENT
CALLS AND GUARANTEES
FIXED PREMIUMS
PAYMENT
RESERVES
PERIOD OF INSURANCE
VARIATION OF CONTRACT
NOTICE OF TERMINATION
CLOSING OF POLICY YEARS
TERMINATION AND ITS EFFECTS
CESSER OF INSURANCE
CANCELLATION OF INSURANCE
FORBEARANCE AND REIMBURSEMENT
INVESTMENT
DISPUTES
 
 
 


Section 21

Special compensation to salvors

Liability of a Member to reimburse a salvor of an entered ship for the following expenses,  but only to the extent that such liability  is not payable by those interested in the salved property:

A.  the “Special Compensation” to which a salvor may be entitled under the exception to the principle of “No cure - No pay” contained in Article 14 of  the  International Convention on Salvage 1989  or the Special Compensation P&I Clauses (SCOPIC) and (SCOPIC 2000) where they are incorporated into the Lloyd’s Standard Form of Salvage Agreements (1990), (1995) or (2000),or  incorporated in the terms of a Standard  Salvage Agreement approved by the Association.

B.  the “reasonable incurred expenses” (together with any increment awarded thereon) under the exception to the principle of “No cure - No pay”contained in Clause 1(a) of the Lloyd’s Standard Form of Salvage Agreements (1980).

Section 22

Enquiry expenses

Costs and expenses incurred by a Member in defending himself or in protecting his interests before a formal enquiry into the loss of or into a casualty involving the entered ship but only to the extent that such costs and expenses were incurred with prior approval of the Managers and on such conditions as the Managers may determine.

Section 23

Expenses incidental to the operation of ships

Liabilities, costs and expenses incidental to the business of owning, operating or managing ships which in the opinion of the Directors fall within the scope of the Association.

PROVIDED ALWAYS that

a. Subject to the proviso [b] below there shall be no recovery under this Section in respect of liabilities, costs and expenses, which are expressly excluded by other provisions of these Rules;

b. The Directors may authorize payment, in whole or in part, of claims which are excluded by paragraph [D] [iv] of Rule 8;

c. Any amount claimed under this Section shall be recoverable to such extent only as the Directors in their discretion may determine without having to give any reasons for their decision.

 

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