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

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of the P & I War risks Clause – 2001, issued by the Club or any
subsequent amendments thereto in force at the time of such insurance.
PROVIDED ALWAYS THAT the Managers shall be at liberty to
reinsure in whole or in part the risk or risks of the Club against any of
the costs, liabilities or expenses insured by a Member under this Rule 5.2
and in the event that such reinsurance is arranged such a Member shall
be entitled to recover from the funds of the Club only the net amount
actually recovered under such reinsurance arrangements, together with
that portion (if any) of the risk or risks retained by the Club.
5.3 Where a ship is entered by a charterer other than a demise or bareboat
charterer the charterer shall be entitled to recover for his liability,
together with costs and expenses incidental thereto, to indemnify the
owner or disponent owner of the entered ship in respect of the risks set
out in Rule 20.
Application for entry
6.1 Every applicant shall apply for an entry in such manner and form as the
Managers may from time to time require.
6.2 The applicant must furnish to the Managers:
(i) all material particulars and information; and
(ii) all such additional particulars and information as the Managers may
require.
6.3 An applicant warrants on his own behalf and on behalf of any other
person entitled under these Rules that he has furnished all material
particulars and information and that all such particulars and information
are, so far as he knew or could with reasonable diligence ascertain, true
and complete, and will remain so throughout the period of insurance.
The particulars and information so furnished shall, if the entry of the
relevant ship be accepted, be deemed to form the basis of the contract of
insurance between the Member or applicant and the Club.
6.4 Before any application for entry is accepted by the Managers, the
Managers shall agree in writing the terms and conditions that will apply
to the entry if the application is accepted, including (without prejudice
to the generality of the foregoing) the contribution to be paid to the
Club, the commencement of cover, and the terms and conditions on
which the ship is to be accepted.