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Rule 34 Calculation of Contribution after Cesser of Insurance

If any of the events specified in rule 30.2 shall occur in relation to an entered ship then in every such case, provided the insured owner gives notice in writing of such event to the managers within one month after the date thereof, the insured owner shall be liable to pay contributions in respect of such ship for the relevant policy year on a pro rata basis, namely the proportion of such contributions applicable to the period beginning at the commencement of that policy year (or in the case of a ship entered during that policy year, the date of entry) and ending at noon GMT on the date of the happening of such event.

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