Soon to be
Rule 25 Laid up Returns
The Directors may in their discretion direct that returns of Contributions or allowances against the same be paid or allowed to Insured Owners whose Entered Ships are laid up and unemployed (otherwise than for the purpose of repair or maintenance) in any safe port or place outside any Additional Premium Area.
The board may in their discretion determine from time to time:
The minimum period for which an Entered Ship must be so laid up;
The percentage of the Contributions to be returned to such Insured Owner;
The period for which such a return shall be allowed.
If the Directors shall make a direction in accordance with Rule 25.1, a return shall be made to such Insured Owner consisting of the percentage of the Contributions so directed on a pro-rata basis, commencing at noon G.M.T. on the day on which the Entered Ship was laid up and ending at noon G.M.T. on the day on which that Entered Ship ceased to be laid up.
PROVIDED ALWAYS that:
The Board may in their discretion determine that a return may be made in respect of ships unemployed and laid up (other than for the purpose of repair or maintenance) in any one or more current Additional Premium Areas or part thereof;
No return shall be made in respect of a ship which is unemployed and laid up in circumstances which give rise to a claim on the Club;
If an Insured Owner fails to notify the Managers of his intention to claim such a return within three months of the end of the Policy Year during which such claim arose, he shall be deemed to have waived such claim.