Bermuda P&I Class Rules 2001/2002 - The Standard Club

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Note: Under this Rule, the Managers can enter into contracts on behalf of the
Club to reinsure other insurers for P & I and non P & I risks.
Terms of entry, assignment and special entries
Terms of entry
5.1.1 The standard terms of entry upon which ships will be accepted by the
Managers are those set out in the Rules.
5.1.2.1. The standard risks against which a Member is insured are those set out in
Rule 20.
5.1.2.2 However, a Member shall only be insured against the risks specified in
paragraphs 4.A, 15.A, 19.A, 21.2, 29.A, 35 and 36 of Rule 20 if the
insurance, and any sum insured, any additional contribution and any
other terms have been specifically agreed in writing with the Managers
and specified (other than the amount of any additional contribution
payable to the Club) in the Certificate of Entry.
5.1.2.3 The rights of recovery set out in these Rules may be excluded, limited,
modified or otherwise altered by any special terms which have been
agreed in writing between an applicant and the Managers.
5.1.2.4 The Terms of Entry and the insurance provided by the Club shall not,
nor is intended to, confer any right or benefit on any third party under
the Contracts (Rights of Third Parties) Act 1999 save to the extent
provided in Rule 8.
5.1.3 The Managers may, subject to the directions of the Board, accept entries
on terms as to contribution other than those set out in the Rules. In
particular an entry may be accepted on the basis that a fixed premium is
to be paid instead of Calls.
Assignment
5.1.4.1 No insurance given by the Club and no interest under these Rules or
under any contract between the Club and any Member may be assigned
without the written consent of the Managers who shall have the right in
their discretion to give or refuse such consent without stating any reason
or to give such consent upon any terms or conditions as they may think
fit. Any purported assignment made without such consent or without
there being due compliance with any such terms and conditions as the
Managers may impose shall, unless the Managers in their discretion
otherwise determine, be void and of no effect.