English
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
PRINT
SHARE
P&I (CLASS 3) / PART II / RULE 11
CALLS
11.1 Call Rate
11.1.1 Before the start of a Policy Year the Association shall levy upon Members an Estimated Total Call calculated at the Call Rate upon their Ships (subject to any special terms on which such Ships may be entered).
11.1.2 The Call Rate in respect of each Entered Ship shall be notified in writing to the Member and may be altered in accordance with the provisions of Rule 6.6 Variation of Cover and Rule 9.2.2.
11.2 Discount
If at any time before the closure in accordance with Rule 37.1 Exceptional Calls of any Policy Year the Board determines that the whole of the Estimated Total Call (together with any transfers from reserves made for the credit of or in respect of such Policy Year) is not required for the purposes set out in Rule 10 Contribution by Way of Calls:
11.2.1 it may declare a discount of such percentage of the Estimated Total Call as it may decide; and
11.2.2 the liability of the Member to pay the Estimated Total Call under Rule 11.1.1 shall be reduced accordingly.
11.3 Exceptional Calls
The Board may at any time or times during or after the end of each Policy Year (but not after such Policy Year has been closed in accordance with Rule 37.1 Exceptional Calls) direct that an Exceptional Call shall be paid by each Member in respect of Ships entered for such Policy Year of such amount as the Board may think fit. All Exceptional Calls so made shall be calculated pro rata to the Estimated Total Call (less any returns of Call) in the relevant Policy Year.
11.4 Overspill Calls
11.4.1 Open Policy Year
If the Board considers that a claim may become an Overspill Claim it may direct at any time or times during or after the end of a Policy Year (but not after such Policy Year has been closed in accordance with Rule 37.2 Overspill Calls) that an Overspill Call shall be paid by each Member in respect of Ships entered on the Overspill Claim Date of such amount as the Board may think fit.
11.4.2 Closed Policy Year
If the Board decides that an Overspill Claim may arise in a Policy Year which is closed under Rule 37.2 Overspill Calls in respect of Overspill Calls, then any Overspill Call which the Board directs to be paid in respect of that Overspill Claim shall be levied on and paid by the Members in respect of Ships entered on the Overspill Claim Date notwithstanding that the incident or occurrence giving rise to the Overspill Claim took place at a time when such Ships may not have been entered in the Association.
11.4.3 Calculation
Any Overspill Call directed by the Board to be paid under this Rule shall be levied on and payable by all Members in respect of all Ships entered on the Overspill Claim Date at such percentage of the Convention Limit of each Ship as the Board in its discretion shall decide.
Provided always that:
11.4.3.1 no such Overspill Call shall be levied in respect of any such Ship where the Member’s Certificate of Entry or any endorsement thereof shall specifically exclude liability to contribute to an Overspill Call.
11.4.4 Member Limit
The Association shall not levy on any Member in respect of the entry of any one Ship an Overspill Call or Calls in respect of any one Overspill Claim exceeding in the aggregate 2.5% of the Convention Limit of that Ship.
11.4.5 Utilisation of Overspill Call
Any funds raised by the Association in respect of an Overspill Call shall only be utilised in accordance with the provisions of Rule 39.2 Overspill Reserve.