Section 5

Shipwreck unemployment indemnity

Liability to compensate any seaman for the loss of his employment caused in consequence of the actual or constructive total loss of an entered ship, where the wages or compensation are payable under statutory or other legal obligation or under the terms of any crew agreement or other contract of service or employment if and to the extent that those terms have previously been approved by the Managers in writing.

Section 6

Liability arising under certain indemnities and contracts

Liability for loss of life, personal injury or illness, or for loss of or damage to property, arising under the terms of an indemnity or contract given or made by or on behalf of the Member relating to facilities or services provided or to be provided to or in connection with an entered ship, but only if and to the extent that:

i. the terms have previously been approved by the Managers and cover for the liability has been agreed in writing between the Member and the Managers on such terms as the Managers may require, or

ii. the Directors in their discretion decide that the Member should be reimbursed.

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