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CHARTERERS' LIABILITY INSURANCE / PART II / Section A / Clause 15
CONTRACTS OF INDEMNITY OR GUARANTEE
Liability which the Assured may incur, together with costs and expenses incidental thereto, for injury to, illness of or death of any person or for loss of, or damage to, cargo or other property, arising under the terms of a contract made by the Assured in relation to services to be provided to or by the Chartered Ship.
Provided always that:
15.1
the contract has been approved by the Managers and the Assured has paid, or agreed to pay, such additional premium as may be required by the Association; or
15.2
Not applicable.