P&I (CLASS 3)

FORBEARANCE

41.1 No Admission or Promise to Forego

No act, omission, forbearance or conduct of the Association whatsoever and whensoever occurring, whether by or through its officers, servants or agents or otherwise, shall constitute any admission or promise that the Association will forgo any of its rights under these Rules.

41.2 Advice of Experts

Any person appointed under Rule 31.4 Appointment of Experts is appointed to assist the Member, and any recommendations and advice which such person may give shall in no way bind, prejudice or affect the rights and remedies of the Association under these Rules.

41.3 Waiver by the Board

Notwithstanding any neglect or non-compliance with, or breach of, any of these Rules by a Member the Board may in its sole discretion waive any of the Association’s rights arising therefrom and may pass and pay in full or in part any claim which it thinks fit.  The Association shall nevertheless at all times and without notice be entitled to insist on the strict application of these Rules.

 

Britannia