P&I (CLASS 3) / PART II / RULE 15

RECOVERY OF CONTRIBUTIONS

15.1 Recovery

All monies from time to time payable by a Member may be recovered by action commenced under the instructions of the Managers in the name of the Association.

15.2 Lien

The Association shall have a lien on all ships owned or bareboat chartered by any Member (whether entered in the Association or not) in respect of monies payable by the Member to the Association.

15.3 Other Jurisdiction

Nothing in these Rules (including the provisions of Rule 44 Disputes and Differences and Rule 46 Jurisdiction shall affect or prejudice the right of the Association to take action in accordance with local law in any jurisdiction to enforce a right in rem or exercise a lien on ships or to obtain security by seizure, attachment or arrest of assets for any amounts payable to the Association.