Class 3

Protection and Indemnity

To view a particular Rule, please select from the index below.  Alternatively, click on the image for the complete Rules of Class 3.

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I Introductory

  • Rule 1 Memorandum and Articles of Association
  • Rule 2 Definitions
  • Rule 3 Nature of Cover
  • Rule 4 Membership
  • Rule 5 Right of Recovery


II Entry and Contribution

  • Rule 6 Entry
  • Rule 7 Special Insurances
  • Rule 8 Joint Entries
  • Rule 9 Period of Insurance
  • Rule 10 Contribution by way of Calls
  • Rule 11 Calls
  • Rule 12 Payment
  • Rule 13 Laid-up Returns
  • Rule 14 Release
  • Rule 15 Recovery of Contributions
  • Rule 16 Fleet Entry
  • Rule 17 Mortgagees
  • Rule 18 Cover for Associated Companies


III Risks Covered

  • Rule 19 Risks Covered


IV Exclusions Limitations and Warranties

  • Rule 20 Risks Specifically Excluded
  • Rule 21 Exclusion of Certain Specialist Risks
  • Rule 22 Imprudent Trading
  • Rule 23 Exclusion of Nuclear Risks
  • Rule 24 Exclusion of Risks Covered by Hull Policies
  • Rule 25 Exclusion of War Risks
  • Rule 26 Other Insurances
  • Rule 27 Limitation of Liability
  • Rule 28 Classification and Condition of Ships
  • Rule 29 Bye-Laws


V Claims

  • Rule 30 Obligation of the Member in Respect of Claims
  • Rule 31 Powers of the Managers Relating to the Handling and Settlement of Claims
  • Rule 32 Powers of the Committee Relating to the Settlement of Claims on the Association


VI Cesser of Insurance

  • Rule 33 Cesser of All Insurances
  • Rule 34 Cesser of Ship Entry
  • Rule 35 Effect of Cesser
  • Rule 36 Contributions Due on Cesser of Insurance


VII The Funds of the Association

  • Rule 37 Closing of Policy Years
  • Rule 38 Reinsurance and Pooling
  • Rule 39 Reserves
  • Rule 40 Investment


VIII General Terms and Conditions

  • Rule 41 Forbearance
  • Rule 42 Assignment
  • Rule 43 Delegation
  • Rule 44 Disputes and Differences
  • Rule 45 Notices
  • Rule 46 Jurisdiction


Recommended Clauses


Index to Rules

 


Class 3 Protection and Indemnity Cover
Full Text 306 Kb

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Should a conflict arise between the Rules as written in English, and versions written in other languages appearing here, then the English language version shall prevail.


Recommended Clauses
Click here to view some standard clauses Members may find useful. Other standard clauses can be found on the BIMCO website (www.bimco.org). If Members have any questions or require clarification on a particular clause they should contact the Managers.

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