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1 - Cover

Liabilities which a member, being a professional salvor, may incur arising out of salvage operations performed by him where the ship is a salvage tug or other ship intended to be used in salvage operations, but only where such cover has been first agreed by the managers. Such liabilities must relate to the risks set out in rule 3.

2

Liabilities in respect of oil pollution arising out of salvage operations where such liabilities do not arise in relation to the ship but arise in connection with the member’s business as a professional salvor.

3

Liabilities other than oil pollution arising out of salvage operations where such liabilities do not arise in relation to the ship but arise in connection with the member’s business as a professional salvor.

4 - Exclusions

There shall be no recovery under paragraphs 2 and 3 for liabilities assumed under contract where they would not have arisen but for the existence of such a contract, unless they are assumed in respect of sub contractors’ tortious and/or statutory liability.

5

There shall be no recovery under paragraphs 1 to 3 for liabilities:

  1. for which the member is covered if the ship is entered for standard risks in the club or another insurer affording equally wide cover;
  2. relating to any of the risks which are otherwise excluded by the rules or in the member’s certificate of entry, unless otherwise agreed by the managers.

6

Unless otherwise agreed by the managers, it is a condition precedent of any insurance under paragraphs 2 and 3 that the member and any subsidiary, holding or associated company shall, at the time when the insurance is given, and thereafter within 30 days before the beginning of each policy year, apply to enter in the club every ship intended to be used in connection with salvage operations of which it is then the owner or operator.

7 - Deductible and limit of cover

The applicable deductible and limit of club cover shall be that set out in the member’s certificate of entry.

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