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, 29th JANUARY 2014, 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 2014. [New wording is in bold. The explanatory notes in italics will not appear in the actual Rules.] DEFINITIONS In these Rules the words and phrases hereinafter set out shall have the following meanings and effects if not inconsistent with the subject or context: vii Communication has the meaning given in the Electronic Communications Act 2000. xii Electronic Communication has the meaning given in the Electronic Communications Act 2000. Electronic Form has the meaning given in section 1168(3) of the Companies Act 2000. Xiii Electronic Means has the meaning given in section 1168(4) of the Companies Act 2000. xxxii In Writing means written, printed or lithographed, or visibly expressed, or in Electronic Form in all or any of those or any other modes of representing or reproducing words. [Explanation: The proposed amendments update a number of legislative definitions by removing references to the Electronic Communications Act 2000, replacing them with the relevant provisions of the Companies Act 2006. Under section 1168(3), a document or information is sent in electronic form if it is sent by: (i) electronic means (for example, by e-mail or fax); or (ii) any other means while in electronic form (for example, sending a disk by post). Under section 1168(4), a document or information is sent by electronic means if it is: (i) sent initially and received at its destination by means of electronic equipment for the processing (which includes digital compression) or storage of data; and (ii) entirely transmitted and received by wire, by radio, by optical means or by other electromagnetic means.] RULE 1 INTRODUCTORY 1.4 For all the purposes of Rule 3, Appendix C, and the other provisions of the Rules which - 2 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 unless otherwise agreed by the Managers in writing the total Sum Insured for Rule 3 risks shall not exceed 50 per cent of the Insured Value as provided for in Rule 1.3. [Explanation: The current Rule limits the maximum sum insured for Rule 3 risks (Freight, Disbursements and/or Increased Value, premiums and/or Other Interests) to 50% of the Insured Value. However, Rule 1.4 requires the split in the sums insured to follow the H&M market placement. The proposed amendment provides flexibility to accommodate situations where the Sum Insured for Rule 3 risks exceeds 50% of the said Insured Value.] RULE 31 CLOSING OF POLICY YEARS 31.1 The Committee shall with effect from such date aft