CIRCULAR REF: 2016/004CIRCULATED TO ALL MEMBERS, BROKERS AND DIRECTORSRulesAs advised by Circular 2016/001, the changes to the Rules of the War Class were approved at the meeting of the Board of Directors on Wednesday 13 January 2016 and will be effective from noon GMT 20 February 2016, at which time copies will be available on North’s website www.nepia.com.Advance Contribution RatesThe Directors have agreed the Advance Contribution Rates for the 2016/2017 Policy Year and renewal terms will be notified to Members individually.Entered ships which are limited to a Restricted Trading Area are entitled to pay 50% of the rates. The Restricted Trading rate applies if the entered ship trades exclusively in any one of the following areas:(a) Europe (but including the Mediterranean and Black Sea);(b) U.S.A. and Canada (excluding Panama Canal Transits); and(c) Australasia.The Advance Contribution will be payable in one instalment which will be due on 1 April 2016.Additional Premium AreasWith effect from Noon GMT 20 February 2016, the Additional Premium Areas will be as follows:-1. Africa a. Nigeriab. Somaliac. Libyad. Benine. Gulf of Guinea, but only in respect of the area enclosed by:On the northern side the coast of Benin, Togo and NigeriaOn the western side a straight line from the border on the coast, of Togo and Ghana to position latitude 3° North, longitude 1° 10′ EastOn the southern side a straight line from there to position latitude 3° North, longitude 8° EastOn the eastern side a straight line from there to latitude 4° North, longitude 8° 31′ East and then from there to the border, on the coast, of Nigeria and Cameroonf. Togo2. Middle East a. Saudi Arabiab. Iraq c. Israel d. Lebanon e. Yemenf. Irang. Syria3. South Americaa. Venezuela4. Indian Ocean/Arabian Sea/Gulf of Aden/Gulf of Oman/Southern Red Sea The waters enclosed by the following boundaries:a. on the north-west, by the Red Sea, south of latitude 15°Nb. on the west of the Gulf of Oman by longitude 58°Ec. on the east longitude 65°Ed. on the south, latitude 12°Sexcepting coastal waters of adjoining territories up to 12 nautical miles offshore unless otherwise provided.The ports, places, countries, zones and areas listed shall include all harbours, offshore and installations and terminals unless otherwise stated.Notice must be given to North before an entered ship proceeds into an Additional Premium Area. North will endeavour to provide indications of Additional Premium levels at any time but firm quotations will not normally be available until the entered ship is within 48 hours of arrival into the Additional Premium Area.Insured Values and Sums InsuredMembers are reminded of the need to review the Insured Values and Sums Insured which should be the same as those for which the entered ship is insured for total loss under marine policies, normally the insured value on Hull and Machinery, plus where applicable any amount insured on disbursements and/or increased value or freight. Any interest which is insured against Total Loss Risks Only under marine policies should be declared under Rule 3 so that the War Risk insurances exactly reflect the non-War Risk insurances for the same interests.The maximum value or amount insured under Rule 2 and Rule 3 in the aggregate will be £390,000,000 or equivalent any one entered ship.The limit of liability in equivalent currencies for claims is:US$ 630,000,000Euros 510,000,000Can $ 780,000,000Members are also reminded of the provisions of Rule 11 whereby the Secretary of State for Transport may restrict the insured value of the entered ship for Queen’s Enemy Risks in certain circumstances.Protection and Indemnity risksNorth’s limit of liability for all claims under Rule 2 Part D (Protection and Indemnity risks) remains £325,000,000 or equivalent each entered ship any one accident or series of accidents arising out of any one event, except as stated below. This limit includes Members’ claims for Sue and Labour. The limit of liability in e