CLASS 7, THE WAR RISKS CLASS ____________________ NOTICE IS HEREBY GIVEN that a SEPARATE MEETING of the MEMBERS OF CLASS 7, THE WAR RISKS CLASS, of the Association will be held at the REGISTERED OFFICE of the Association, 50 LEMAN STREET, LONDON, E1 8HQ at 12.10 p.m. on WEDNESDAY, 31st JANUARY 2007, or as soon thereafter as the meeting of Class 5 called for that day is finished, for the purpose of altering and adding to the Rules. The following alterations and additions together with such further alterations and additions, if any, as may be proposed will be submitted for adoption with or without modification and with effect from noon G.M.T. on the 20th day of February 2007. [New wording is in bold. The explanatory notes in italics will not appear in the actual Rules.] RULE 1 INTRODUCTORY 1.1 The cover afforded by this Class of the Association in respect of an Entered Ship consists of the following: 1.1.1 Under Rule 2: Part A Queen’s Enemy RisksApplying to British Ships and other Ships to which Rule 4.A.1 applies; Part B Insurance of Hull, Machinery, etc. ( Non-Queen’s Enemy RisksApplying to all Ships); Part C Detention or Diversion Expenses; Part D Protection and Indemnity Risks; Part E Sue and Labour; Part F Discretionary Claims. 1.1.2 Under Rule 3: Loss of freight, disbursements and/or increased value, premiums and/or other interests. 1.2 For all the purposes of Rule 2 Part A, Appendix A, and the other provisions of the Rules which relate thereto, the Insured Value of an Entered Ship shall (unless the Owner or Insured Owner and the Managers agree a different Insured Value) be the total marine value, that is to say the total - 2 sum for which she is insured for total loss under marine policies, unless, and for as long as, any of the provisions of Rule 11 shall apply. 1.3 For all the purposes of Rule 2 Parts B, C, D, E and F, and the other provisions of the Rules which relate thereto, the value for which an Entered Ship is insured by this Class of the Association is the amount for which she is insured for total loss in respect of her hull, machinery, materials and all other parts and equipment thereof, which is agreed between the Insured Owner and the Association and which is set out in the Certificate of Entry. Where only a part or percentage of such Insured Value is to be insured by this Class of the Association, that part or percentage shall be stated as such in the Certificate of Entry. 1.4 For all the purposes of Rule 3, Appendix C, and the other provisions of the Rules which relate thereto, the Sum Insured shall be the sum insured for the corresponding risk or risks under the Entered Ship’s marine policies, which is agreed between the Insured Owner and the Managers and which is set out in the Certificate of Entry. PROVIDED ALWAYS that: 1.4.1 the sum to be insured under each category of Rule 3 risk shall be specified in any application for insurance; 1.4.2 in no case shall the total Sum Insured for Rule 3 risks exceed 50 per cent of the Insured Value as provided for in Rule 1.3. 1.5 Subject to Rule 1.5.1, the risks insured by this Class of the Association are only such risks as are set out in Rules 2 and 3. 1.5.1 The Managers may in any particular case agree in writing with an Insured Owner that the risks insured and/or the cover for his ship shall be modified so that the risks are and/or the cover is less but never more extensive than is provided for in these Rules. 1.6 The risks specified in Rules 2 and 3 are always subject to th