ADDITIONAL INSURANCES / PART II / Section K - Rights of Recourse / Clause 2

PROVIDED ALWAYS THAT:

2.1

the liabilities arise out of or in connection with the terms of a contract for carriage between the Assured and a third party stated below:

{Enter details of the contract}

which has been reviewed by the Managers who have concluded that the liabilities are not poolable¹; and

2.2

the contract has been approved by the Managers for coverage hereunder.

¹ For the purposes of this Clause, ‘poolable’ shall mean a contract for carriage that falls within the pooling eligibility criteria of the Pooling Agreement of the International Group of P&I Associations; or, applying similar criteria, falls within the cover terms set out in the Association’s Charterers’ Liability Insurance.