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Rule 5 General Premium Notice
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- Rule 5 General Premium Notice
- This Rule is divided into the following parts:
- 5.A Modification or Termination of cover upon the giving of a General Premium Notice
- 5.B Reinstatement of cover as regards risks other than Queen’s Enemy Risks
This Rule is divided into the following parts:
A Modification or Termination of cover upon the giving of a General Premium Notice.
B Reinstatement of cover as regards risks other than the Queen’s Enemy Risks.
5.A Modification or Termination of cover upon the giving of a General Premium Notice
Rules 5.A.2 to 5.A.5 are applicable to each and every risk insured by the Association.
If it shall appear to the Secretary of State that British ships or other ships accepted by him for reinsurance are, or may be, exposed to the Queen’s Enemy Risks generally (and not in a particular area or areas), he may serve upon the Association a General Premium Notice requiring the payment of premiums. If such a notice shall be served the Managers shall give notice thereof to all the Insured Owners and the cover provided by these Rules shall be modified or automatically terminated in accordance with the provisions of Rules 5.A.3 and 5.A.4.
The cover provided by these Rules against the Queen’s Enemy Risks shall continue save only that, after the expiry of the period stipulated in Rules 5.A.4.1 to 5.A.4.4, it shall be modified so that Q.E.R. Premiums and other payments are payable in respect of Premium Periods in accordance with the provisions of Appendix A.
The cover provided by Rule 2 Parts B, C, D, E and F and by Rule 3 shall continue until the expiry of the following periods when it shall automatically terminate. If on the day that a General Premium Notice is served:
An Entered Ship is on a voyage to a friendly port, until three clear days after her arrival at that friendly port; or
An Entered Ship is on a voyage to a hostile port, or to a friendly port which during the voyage becomes a hostile port, until three clear days after her arrival at a friendly port; or
An Entered Ship is within a hostile port, or a port which becomes a hostile port within three clear days of arrival, until three clear days after her arrival at a friendly port; or
In respect of any other Entered Ship, for three clear days.
For the purposes of Rule 5.A.4 friendly port shall mean a port which is not a hostile port.
5.B Reinstatement of cover as regards risks other than Queen’s Enemy Risks
Port and other charges solely incurred for the purpose of landing stowaways or refugees, or others saved at sea, or, with the agreement of the managers, a deceased person, or landing or securing the necessary treatment for an injured or sick person, other than crew, including the net loss to the member in respect of fuel, insurance, wages, stores and provisions incurred for such purpose.
Rules 5.B.2 to 5.B.4 are applicable to each and every risk insured by the Association other than the Queen’s Enemy Risks.
At any time after a General Premium Notice has been served the Directors may, in their discretion, offer to reinstate the cover or part thereof to any Insured Owner whose cover has terminated or will terminate under the provisions of Rule 5.A.4.
Such offer may:
Offer to insure the Insured Owner against any or all of the risks set out in Rule 2 (other than Rule 2 Part A) or Rule 3, or such Part or Parts thereof as the offer shall describe;
Stipulate that the insurance shall be subject to any additional warranties, conditions, exceptions, limitations, or other terms, to those which are set out in these Rules;
Require that Contributions or Premiums shall be payable by the Insured Owner;
Provide that such insurance is offered for a policy year by the Insured Owner;
Provide that such insurance shall cease upon the expiry of the period for which it is given unless it is renewed in response to any subsequent offer which the Directors may make under Rules 5.B.2 and 5.B.3.
If any Insured Owner shall accept such offer, the insurance of the Entered Ship shall be reinstated on the terms which have been agreed and, where not inconsistent with such terms, on the provisions of these Rules.