pi_circular Insurance & claims NorthStandard
CIRCULAR REF: 2009/003CIRCULATED TO ALL WAR CLASS MEMBERS, BROKERS AND DIRECTORSRules The War Class Rules for the 2009/2010 Policy Year will remain unchanged from those of the 2008/2009 Policy year and are available on the Association’s web-site www.nepia.comAdvance Contribution Rates The Directors have agreed that Advance Contribution Rates for the 2009/2010 policy year shall be unchanged from the 2008/2009 policy year and accordingly will be as follows:Cruise ShipsAll other ShipsBritish ships0.0404%0.0101%Flagged out ships0.0434%0.0107%Entered Ships which are limited to a Restricted Trading Area are entitled to pay 50% of the above rates. The Restricted Trading rate applies if the Entered Ship trades exclusively in any one of the following areas: a) Europe (not south of Gibraltar and excluding the Mediterranean and Black Sea); b) U.S.A. and Canada (excluding Panama Canal Transits); c) Australasia.The Advance Contribution will be payable in one instalment which will be due on 1 April 2009.Alterations to Terms of EntryIn light of recent developments in relation to piracy risks and the move made by a number of Marine Hull and Machinery Underwriters to exclude piracy and barratry from their policies, the Directors have decided that it is appropriate to extend the cover available under this Class to include barratry. In order to give effect to this extension of cover, the following additional Term of Entry will apply to all Entries in the 2009/2010 policy year:-Piracy, Barratry and Violent TheftRule 2.B.1.6 is deleted and replaced by the following wording “piracy, barratry or violent theft by persons coming from outside the Entered Ship”Rule 3.1.6 is deleted and replaced by the following wording “piracy, barratry or violent theft by persons coming from outside the Entered Ship”Rule 4.B.1 is deleted and replaced by the following wording The Association shall not be liable for any losses, liabilities, costs or expenses covered by the Standard Form of English Marine Policy with the Institute Time Clauses – Hulls (edition of 1.10.83 or any subsequent edition or amendment thereof current at the date of the casualty) attached and with the War Exclusion Clause, the Strikes Exclusion Clause, the Malicious Acts Exclusion Clause and the Violent Theft, Piracy and Barratry Exclusion Clause inserted therein or which would have been covered thereby if the Entered Ship had been insured under such a policy. A loss shall be deemed to be so insured notwithstanding that it is excluded in whole or in part by any deductible or franchise specified in such a policy.Appendix D.5.2 is deleted and replaced by the following wording PROVIDED ALWAYS that: the Association’s liability under paragraph D.5 shall only be for such collision liability as falls within one or more of the following heads, namely:D.5.2.1 It would have been recoverable under the Institute Time Clauses – Hulls (edition of 1.10.83 or any subsequent edition or amendment thereof current at the date of the casualty) had the ship been insured on such terms, but for the War Exclusion Clause, the Strikes Exclusion Clause, the Malicious Acts Exclusion Clause and the Violent Theft, Piracy and Barratry Exclusion Clause inserted therein or, as the case may be, the Institute Time Clauses – Freight (edition of 1.8.89 or any subsequent edition or amendment thereof current at the date of the casualty) had the ship been insured on such terms, but for the War Exclusion Clause, the Strikes Exclusions Clause or the Malicious Acts Exclusion Clause inserted therein.Additional Premium AreasWith effect from noon 20 February 2009, the Additional Premium Areas will be as follows:1. Africa a. Djibouti b. Ivory Coast c. Nigeria including Terminals d. Somalia, including waters out to 250 nautical miles from the eastern Somalia coast south of latitude 10°N e. Indian Ocean, beyond the eastern Somalia (1.d.) and Gulf of Aden (4.f.) areas out to 600 nautical miles from the coast of eastern Africa south of latitude 15°N
War Risks Renewal 2009 2010
NorthStandard
Read full article at NorthStandard →
Opens NorthStandard in a new tab