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

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occurred prior to the date of cessation, but shall be under no liability
whatsoever by reason of anything occurring after the date of cessation.
PROVIDED ALWAYS THAT when a Member ceases to be insured by
virtue of the entered ship becoming an actual or constructive total loss or
being accepted by hull underwriters as being a constructive or
compromised total loss, the Member shall continue to be insured by the
Club in respect of wreck liabilities in accordance with Rule 20.14.6, and
Rule 20.18.
12.2 When a Member’s insurance is cancelled by virtue of Rule 11.3 then:
(i) subject to the provisions of Rule 15.4 in respect of Overspill Calls, if the
cancellation occurs while the Member is, but for the cancellation,
insured, such Member and his successor shall be and remain liable for all
contributions in respect of the Policy Year during which the date
specified in the notice given in accordance with Rule 11.3 (“the date of
cancellation”) occurs pro rata only for the period beginning at the
commencement of the Policy Year (or in the case of a ship entered
during that Policy Year, the date of entry) and ending with the date of
cancellation and in respect of previous Policy Years irrespective of
whether or not notice has been given under that Rule;
PROVIDED ALWAYS THAT the Managers in their discretion may
select a date earlier than the date of cancellation and may require the
Member or his successors to pay contributions on a pro rata basis for the
period beginning as specified above and ending with the date so selected.
(ii) if the cancellation occurs after the Member has ceased to be insured for
some other reason, such Member and his successor shall remain liable for
all contributions as provided for in Rule 12.1.i above.
(iii) the Club shall thereupon cease to be liable for all and any claims under
these Rules in respect of all and any ships entered by such Member:
(iii.a) which may arise by reason of any event occurring after the date of
cancellation;
(iii.b) which have accrued or arisen during a Policy Year for which sums
remained owing but unpaid by the Member in full or in part at the date
of cancellation;
(iii.c) which may have accrued or arisen in any year other than those
referred to in iii.b above;
irrespective of whether the Club may have admitted liability for or