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CHARTERERS' LIABILITY INSURANCE / PART VI / Clause 8
CO-ASSUREDS
8.1 Extent of Cover
The Association shall not insure any Co-assured against any liabilities, costs or expenses which arise other than out of the risks set out in the Certificate of Insurance.
8.2 Payment and Reimbursement
Unless otherwise agreed in writing by the Managers, each Co-assured shall be jointly and severally liable to pay all premiums or other sums due to the Association in respect of insurance afforded in their name or on their behalf; and receipt by any one Co-assured of any sums payable by the Association shall be a sufficient discharge of the Association for the same.
8.3 Disclosure
Failure by any Co-assured to disclose material information within the knowledge of the Co-assured shall be deemed to have been failure of all the Co-assureds.
8.4 Conduct
Conduct of any Co-assured which would have entitled the Association to decline to indemnify the Co-assured shall be deemed the conduct of all the Co-assureds.
8.5 Limits of Cover
Where any insurance is in the names of or on behalf of Co-assureds any limits on the cover provided by the Association and set out in the Certificate of Insurance shall apply to all Co-assureds in the aggregate as if the insurance had been in the name of the Assured only.
8.6 Communications
Unless the Managers have otherwise agreed in writing, all communication from or on behalf of the Association to any Co-assured shall be deemed to be within the knowledge of all Co-assureds and any communication from any Co-assured to the Association or to the Managers shall be deemed to have been made with the full approval and authority of all the Co-assureds.
8.7 PROVIDED ALWAYS THAT:
There shall be no recovery in respect of any liabilities, costs or expenses which arise as the result of a claim brought between any of the Co-assureds.