| ENTRY AND NOTICE |
| 1. |
Unless otherwise agreed in writing at the time of entry
and subject as otherwise provided in the Rules, the insurance shall
being and end at the time and dates stated in the Certificate of Entry. |
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| 2. |
On expiry, the insurance shall renewed for a new policy
period of one year commencing with the end of the expiring policy
period on the same terms and conditions as those in force for the
expiring policy period, unless at the request of a Member other terms
shall be ahead or unless: |
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(c) |
no less than 30 days' notice shall have been
given in writing by either the Member to the Managers or the
Managers to the Member that the insurance specified in the notice
is not to be renewed, or |
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(d) |
the Managers shall have given no less than 30
days' notice that the terms of the insurance by the Association
for the nest following policy period are to be changed, in which
case the insurance for the next following policy period shall
be renewed upon such terms as may be agreed between the Member
and the Managers prior to the end of the expiring policy period,
and it not terms shall by then have been agreed, the insurance
shall not be renewed; |
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PROVIDED ALWAYS that if the Managers
give 60 days' notice of an alteration in the rules of the Association
and/or a decision of the Directors under Rule 7.4 of the General
rules, the Member shall be deemed to have agreed to and accepted
such alteration and/or decision and the insurance shall be renewed
in accordance with this sub-rule, unless no notice has been
given in accordance with the provision shall apply. |
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| 3. |
Notwithstanding anything herein contained, the Directors
or the Mangers may at any time suspend or terminate the insurance
of any ship by the Association by giving seven days notice to a Member. |
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| 4. |
An entered ship shall not be withdrawn from the Association
at any other time to in any other manner except with the written consent
of the Managers. |
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| 5. |
The Member shall be under a duty to disclose to the
Association all material circumstances in connection with any renewal
of this insurance. The duty shall arise 45 days prior to the expiry
of the current policy period and shall continue until the Association
is irrevocably committed to renew this insurance. |
