CLASS 8, THE FREIGHT, DEMURRAGE AND DEFENCE CLASS ____________________ NOTICE IS HEREBY GIVEN that a SEPARATE MEETING of the MEMBERS OF CLASS 8, THE FREIGHT, DEMURRAGE AND DEFENCE CLASS, of the Association will be held at the REGISTERED OFFICE of the Association, 50 LEMAN STREET, LONDON, E1 8HQ at 12:20 p.m. on WEDNESDAY, 28th JANUARY 2004, or as soon thereafter as the meeting of Class 7 called for that day is finished, for the purpose of amending the Rules. The following amendments together with such further amendments, 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 2004. [New wording is in bold. The explanatory notes in italics will not appear in the actual Rules.] RULE 1 INTRODUCTORY 1.1 In these Rules, unless the context requires otherwise: “Additional Call” means an additional call levied pursuant to Rule 31.4; “Advance Call” means an advance call levied pursuant to Rule 31.2; “the Articles” means the Articles of Association of the Association in force from time to time; “the Association” means The London Steam-Ship Owners’ Mutual Insurance Association Limited, a company limited by guarantee registered in England under number 10341; “Assured” means a person whose application for insurance within this Class of any interest in a Ship has been accepted by the Association and includes, for the avoidance of doubt, a Co-assured and Other Assured; “Call” means a call levied pursuant to these Rules; “Certificate of Entry” means a certificate issued by the Association pursuant to Rule 6; “Class” means a class of the Association and “this Class” means Class 8, the Freight, Demurrage and Defence Class of the Association; “Co-assureds” means Assureds whose application for insurance of their respective interests in the same Ship has been accepted by the Association pursuant to Rule 22.1 and “Co-assured” shall be construed accordingly; “Committee” means the committee for the time being of the Association; “Deferred Call” means a deferred call levied pursuant to Rule 31.3; “Electronic Communication” has the meaning given in the Electronic Communications Act 2000; “Endorsement Slip” means an endorsement slip issued by the Association pursuant to Rule 6.2; “Estimated Total Cost” has the meaning given in Rule 31.4; “LSSO (Bermuda)” has the meaning given in Rule 5.1; “Managers” means the managers from time to time of the Association; “Member” means an Assured who is a member of the Association in accordance with the Companies Act 1985 and the Articles; - 2 “Memorandum” means the Memorandum of Association of the Association in force from time to time; “Other Assured” means a person to whom the benefit of an Assured’s insurance is agreed to be extended by the Association pursuant to Rule 22.3; “Policy Year” has the meaning given in Rule 2.2; “Release Call” means a release call charged pursuant to Rule 35.1; “Rules” means the rules of this Class in force from time to time and “Rule” shall be construed accordingly; and “Ship” means any ship, boat, hovercraft or other description of vessel or structure (including any ship, boat, hovercraft or other vessel or structure under construction) used or intended to be used for any purpose whatsoever in navigation or otherwise on, under, over or in water or any part thereof or any proportion of the tonnage thereof or any share therein. In addition, in these Rules: words importing the singular number only shall incl