ADDITIONAL INSURANCES / PART II / Section C - Extended Contractual Liabilities / Clause 2

WAIVER OR LIMITATION OF RIGHTS OF RECOURSE

Liability of the Assured in respect of such liabilities, losses, costs and expenses as would be covered under the Association’s Rules of Class 3 but where, in the opinion of the Association, the Assured has prejudiced or may have prejudiced such coverage for those liabilities, losses, costs and expenses borne by the Assured by reason of the waiver or limitation by the Assured of rights of recourse under a contract of carriage by sea that would otherwise have been available under the contract of carriage in accordance with the Hague or Hague Visby Rules and/or mandatorily applicable law.