Class 3 Protection & Indemnity Rules 2024/2025 Class 3 Protection & Indemnity Rules 2024/2025 Page 1 of 77 CONTENTS Page Section I Introductory 9 RULE 1 ARTICLES OF ASSOCIATION 9 RULE 2 DEFINITIONS 9 2.1 The Association 9 2.2 Associated Company 9 2.3 The Board 9 2.4 Call Rate 9 2.5 Calls 9 2.6 Certificate of Entry 9 2.7 Charterer 9 2.8 Charterer’s Entry 9 2.9 This Class 9 2.10 Closed Policy Year 9 2.11 The Committee 9 2.12 Consortium Agreement 9 2.13 Consortium Claim 10 2.14 Consortium Vessel 10 2.15 Contribution 10 2.16 Convention Limit 10 2.17 Entered Ship 10 2.18 Entered Tonnage 10 2.19 Fleet Entry 10 2.20 Full Tonnage 10 2.21 General Excess Loss Reinsurance Contract 10 2.22 The Hague Visby Rules 10 2.23 Hull Policies 10 2.24 Insurance 10 2.25 Knock for Knock 10 2.26 Limit of Liability 11 2.27 The Managers 11 2.28 MLC 2006 11 2.29 Member 11 2.30 Overspill Call 11 2.31 Overspill Claim 11 2.32 Overspill Claim Date 11 2.33 Owner 11 2.34 Owner’s Entry 11 2.35 Passenger 11 2.36 Personal Effects 11 2.37 Policy Year 12 2.38 Pooling Agreement 12 2.39 Prohibited Area 12 2.40 The Register 12 Class 3 Protection & Indemnity Rules 2024/2025 Page 2 of 77 CONTENTS Page 2.41 Representative 12 2.42 Rules 12 2.43 Sanction 12 2.44 Seafarer 12 2.45 Senior Member 12 2.46 Ship 12 2.47 Special Cover 12 2.48 STOPIA 12 2.49 TOPIA 12 2.50 The United Kingdom 12 2.51 Interpretation 13 RULE 3 NATURE OF COVER 13 3.1 Extent of Cover 13 3.2 Conditions 13 3.3 Contributions 13 3.4 Sanctions 13 3.5 Insurance Act 2015 13 RULE 4 MEMBERSHIP 14 4.1 Entry of a Ship 14 4.2 Directors 14 4.3 Reinsured Member 14 4.4 Cessation of Membership 14 4.5 Separate Class 14 RULE 5 RIGHT OF RECOVERY 14 5.1 Right of Recovery 14 5.2 Subrogation 15 5.3 Set-off 15 5.4 Incident 15 5.5 Currency 15 5.6 Sanctions 15 5.7 Overspill Claims 15 Section II Entry and Contribution 17 RULE 6 ENTRY 17 6.1 Application 17 6.2 Fair Presentation 17 6.3 Certificate of Entry 17 6.4 Entered Tonnage 17 6.5 Subject to Rules 17 6.6 Variation of Cover 18 6.7 Contract of Insurance 18 6.8 Refusal of Application 18 6.9 ITOPF 18 Class 3 Protection & Indemnity Rules 2024/2025 Page 3 of 77 CONTENTS Page RULE 7 SPECIAL INSURANCES 18 7.1 Fixed Premium 18 7.2 Special Acceptance 18 7.3 Reinsurance and Recovery 18 7.4 Provisos 18 RULE 8 JOINT ENTRIES AND CO-ASSUREDS 18 8.1 Joint Members 18 8.2 Co-assureds 19 8.3 Disclosure 20 8.4 Conduct 20 8.5 Limits of Cover 20 8.6 Communications 20 8.7 Provisos 20 RULE 9 PERIOD OF INSURANCE 20 9.1 Attachment and Contribution 20 9.2 Change of Conditions 20 9.3 Notice of Termination of Cover by Board or Managers 21 9.4 Prohibition of Withdrawal 21 RULE 10 CONTRIBUTION BY WAY OF CALLS 21 10.1 Mutual Insurance 21 10.2 Estimated Total Call 21 RULE 11 CALLS 22 11.1 Call Rate 22 11.2 Discount 22 11.3 Exceptional Calls 22 11.4 Overspill Calls 22 RULE 12 PAYMENT 23 12.1 Instalments 23 12.2 Notification 23 12.3 Currencies 23 12.4 Tax 23 12.5 Set-off 23 12.6 Penalty for Late Payment 23 12.7 Bad Debts 23 12.8 Effect of a Member’s Non-payment 23 RULE 13 LAID-UP RETURNS 23 13.1 Lay-up of an Entered Ship 23 RULE 14 RELEASE 24 14.1 Request by Member for Release 24 14.2 No Request by Member for Release 24 14.3 Scope of Release 24 14.4 Effect of Payment of Release Call 24 Class 3 Protection & Indemnity Rules 2024/2025 Page 4 of 77 CONTENTS Page 14.5 Effect of Release 24 RULE 15 RECOVERY OF CONTRIBUTIONS 24 15.1 Recovery 24 15.2 Lien 24 15.3 Other Jurisdiction 25 RULE 16 FLEET ENTRY 25 16.1 Effect of Fleet En