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

16
Period of Insurance
Period of Insurance, period of contribution, laid-up returns, cessation,
cancellation and releases
Period of insurance
9.1 Unless otherwise agreed at the time of entry or unless otherwise
provided by these Rules, the insurance afforded by the Club shall begin
at the time stated in the Certificate of Entry for the commencement of
the cover, and shall continue until noon G.M.T. on the 20th February
next following, and thereafter from Policy Year to Policy Year.
9.2.1 If a Member does not desire to continue the insurance in respect of an
entered ship he shall give notice in writing to that effect to the Managers
not later than 30 days prior to the expiry of the period of insurance.
9.2.2 If the Managers do not desire to continue the insurance of a Member in
respect of an entered ship, the Managers shall give notice in writing to
that effect to that Member not later than 30 days prior to the expiry of
the period of insurance.
9.2.3 In either event the insurance in respect of such ship shall cease at noon
G.M.T. on that day, save that, if the ship be then at sea, the insurance
may, if the Member so requires by notice in writing to the Managers, be
continued until the ship has arrived in berth or at anchorage at her next
port.
9.3. An entered ship shall not be withdrawn from the Club at any other time
or in any other manner except with the consent of the Managers.
Period of contribution and laid-up returns
10.1 Subject to the provisions of Rule 15.4 in respect of Overspill Calls a
Member shall (provided that he gives notice in writing to and submits
his claim to the Managers within one month after the happening of any
of the events specified below) be liable for contribution in respect of an
entered ship to the Calls levied by the Club for the current Policy Year
pro rata only to the period beginning with that Policy Year and ending:
(i) at noon G.M.T. of the day upon which the ship was legally transferred
by bill of sale or other formal document whereby the ownership was
legally transferred;