CHARTERERS' LIABILITY INSURANCE / PART II / Section A / Clause 13

WRECK REMOVAL

Liabilities which the Assured may incur, together with costs and expenses incidental thereto, in respect of:

13.1 Chartered Ship

The raising, removal, destruction, lighting or marking of the wreck of the Chartered Ship, or of any cargo, equipment or other property which is or was carried on board the Chartered Ship.

13.2

The presence or involuntary shifting of the wreck of the Chartered Ship, including any cargo, equipment or other property which is or was carried on board.

13.3 Other ship

The raising, removal, destruction, lighting or marking of the wreck of any other ship, and of any cargo or other property which is or was on board any other ship.

13.4 PROVIDED ALWAYS THAT:

13.4.1 the costs of raising, removal, destruction, lighting or marking were compulsory by law, or the costs thereof were legally recoverable from the Assured under a contract approved by the Managers;

13.4.2 the value of the wreck itself and of any stores and materials or cargo or other property saved shall either be credited to the Association or deducted from any recovery due from the Association;

13.4.3 there shall be no recovery under this Clause 13 if the Assured shall, without the consent of the Managers in writing, transfer the Assured’s interest in the wreck, cargo or other property (otherwise than by abandonment) prior to the said raising, removal, destruction, lighting or marking;

13.4.4 Not applicable; and

13.4.5 Not applicable.