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
 
 
 


Rule 6  SPECIAL COVER

A. Unless expressly prohibited by the Bye-Laws and the Rules of the Association, the Managers may accept entries of ships on terms which afford cover to a Member against any special or additional risks not set out in Rules 3, 4 and 5. The nature and extent of the risks and the terms of the cover shall be as agreed in writing between the Member and the Managers.

B. Notwithstanding paragraph 5 of Rule 2, a Member may be insured on the special term that the risks insured may arise otherwise than in respect of the entered ship or otherwise than in connection with the operation of the entered ship provided always that this shall have been expressly agreed in writing between the Member and the Managers.

C. Without prejudice to the generality of Rule 13C, the Managers may reinsure in whole or in part the risk or risks of the Association insured under this Rule 6, or under Rule 7, and where such reinsurance is arranged the Member shall be entitled  to recover only  the net  amount  actually recovered under such reinsurance arrangements, together with that portion (if any) of the risk or risks retained by the Association.

 


 
 
 
 
 

 

 
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