Rules Class II - Freight, Demurrage and Defence (11-15)

11

When it is proposed to compromise a claim in respect of which costs have been incurred by the Club, the sanction of the Directors must be obtained to the terms of the proposed compromise and the Directors may also require such provision for the Club’s costs to be made as they may consider advisable. If the permission of the Directors is not obtained to the compromise of the case where costs have been incurred by the Club, then the Member concerned shall pay to the Club such contribution to those costs as the Directors in their sole discretion shall fix.

12

No Member shall be entitled to the benefits of the Club who has not complied with all the requirements of the Directors, or who makes any false statement, or wilfully or negligently withholds from the Directors, Managers or their Lawyers any documents or material information respecting any matter undertaken by the Club, or causes or knowingly permits any other person to do so. Any Member so offending shall be liable to pay, and on demand shall pay, all costs and expenses which may have been incurred or paid by the Club in relation thereto.

13

Members shall not unless the Directors otherwise decide be entitled to insurance by the Club in respect of any claim or matter which in the opinion of the Directors has arisen owing to fault or privity of a Member in the chartering, control or management of a Member’s ship.

14

Rules 2, 4, 5, 6, 7, 8, 9, 13, 14, 15, 19, 20, 21, 23, 24, 26, 27, 28, 29, 30, 31, 32, 35, 36, 37, 38, 40, 42, 45, 46 and 47 of the Protection and Indemnity Class in so far as not inconsistent shall be deemed to be incorporated in and form part of these Rules except that any reference in such Rules as incorporated as aforesaid to Protection and Indemnity shall be deemed to be a reference to the cover afforded under the Rules of this Class. Any ship or ships entered in this Class shall be deemed to be fully insured in the Protection and Indemnity Class and the Member shall not be entitled to recover costs and expenses under the Rules of this Class that would have been recoverable under the Rules of the Protection and Indemnity Class had the ship or ships been so insured.

15

No Member shall be entitled to the protection of the Club in this Class so long as any premium or call or other sum of whatsoever nature owed to the Club in respect of this or any other Class remains unpaid.