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P&I (CLASS 3) / PART I / RULE 4
MEMBERSHIP
4.1 Entry of a Ship
Every person whose application to enter a Ship in this Class of the Association for the insurance of that person’s interest in that Ship shall (if not already a Member) be and shall become a Member of the Association as from the date of the acceptance of that person’s application and that person’s name shall be entered in the Register.
4.2 Directors
Every Director shall (if not already a Member), while holding office, be a Member of the Association and the Member’s name shall be entered in the Register.
4.3 Reinsured Member
Whenever the Association agrees to accept the entry of a Ship by way of reinsurance from an insurer the Managers may in their discretion decide that the person insured by such insurer (if otherwise qualified to be a Member) is to be a Member of the Association in addition to the said insurer and they may accept the application on either basis. If such person is accepted as a Member that person’s name shall be entered in the Register.
4.4 Cessation of Membership
A person shall cease to be a Member if for any reason whatsoever the entry of all Ships in respect of which the Member’s interest was insured by the Association shall have ceased or terminated.
4.5 Separate Class
The Members who are entered for the time being in this Class shall form one separate Class within the Association.