firm proposed, and whenever the extent of the damage is ascertainable the Underwriters may take or may require the Assured to take tenders for the repair of such damage. In cases where a tender is accepted by or with the approval of Underwriters, the Underwriters will make an allowance at the rate of £30 per cent. per annum on the insured value for the time actually lost in waiting for tenders. In the event of the Assured failing to comply with the conditions of this Clause, £15 per cent. shall be deducted from the amount of the ascertained claim.

COLLISION CLAUSE.

9. And it is further agreed that if the Ship hereby insured shall come into collision with any other Ship or Vessel, and the Assured shall in consequence thereof become liable to pay, and shall pay by way of damages to any other person or persons any sum or sums in respect of such collision the Undersigned will pay the Assured such proportion of such sum or sums so paid as their respective subscriptions hereto bear to the insured value of the Ship hereby Insured, provided always that their liability in respect of any one such collision shall not exceed their proportionate part of the value of the Ship hereby Insured, and in cases in which the liability of the ship has been contested, or proceedings have been taken to limit liability, with the consent in writing of the Undersigned, they will also pay a like proportion of the costs which the Assured shall thereby incur, or be compelled to pay: but when both Vessels are to blame, then, unless the liability of the Owners of one or both of such Vessels becomes limited by law, claims under this clause shall be settled on the principle of cross-liabilities as if the Owners of each Vessel had been compelled to pay to the Owners of the other of such Vessels such one-half or other proportion of the latter's damages as may have been properly allowed in ascertaining the balance or sum payable by or to the Assured in consequence of such collision.

And it is further agreed that the principles involved in this clause shall apply to the case where both Vessels are the property, in part or in whole, of the same owners, all questions of responsibility and amount of liability as between the two Ships being left to the decision of a single Arbitrator, if the parties can agree upon a single Arbitrator, or failing such agreement, to the decision of Arbitrators, one to be appointed by the managing owners of both Vessels, and one to be appointed by the majority in amount of Underwriters interested in each Vessel: the two Arbitrators chosen to choose a third Arbitrator before entering upon the reference. The terms of the Arbitration Act of 1889 to apply to such reference, and the decision of such single, or of any two of such three Arbitrators, appointed as above, to be final and binding.

This clause shall also extend to any sum which the Assured may become liable to pay, or shall pay for the removal of obstructions under statutory powers, or injury to harbours, wharves, piers, stages and similar structures, or for loss of life or personal injury consequent on such collision.

PROTECTION AND INDEMNITY CLAUSE.

10. It is further agreed that if the Assured shall by reason of his interest in the insured ship become liable to pay and shall pay any sum or sums in respect of any responsibility, claim, demand, damages, and/or expenses arising from or occasioned by any of the following matters or things during the currency of this policy, that is to say :

Loss of or damage to any other ship or goods, merchandise, freight, or other things or interests whatsoever, on board such other ship, caused proximately or otherwise by the ship insured in so far as the same is not covered by the running down clause set out above:

Loss of or damage to any goods, merchandise, freight, or other things or interest whatsoever, other than as aforesaid (not being builders' gear or material or cargo on the insured ship), whether on board the insured ship or not, which may arise from any cause whatsoever :

Loss of or damage to any harbour, dock (graving or otherwise), slipway, way, gridiron, pontoon, pier, quay, jetty, stage, buoy, telegraph cable or other fixed or moveable thing whatsoever, or to any goods or property in or on the same howsoever caused:

Any attempted or actual raising, removal, or destruction of the wreck of the insured ship or the cargo thereof, or any neglect or failure to raise, remove, or destroy the same:

Any sum or sums for which the Assured may become liable or incur from causes not herein before specified, but which are absolutely or conditionally recoverable from or undertaken by the Liverpool and London Steamship Protection Association Limited, and/or North of England Protecting and Indemnity Association.

Loss of life or personal injury or payments made on account of salvage, whether of life or property:

the Undersigned will pay the assured such proportion of such sum or sums so paid, or which may be required to indemnify the Assured for such loss, as their respective subscriptions bear to the insured value of the ship hereby insured, provided always that the amount recoverable hereunder in respect of any one accident or series of accidents arising out of the same event shall not exceed the sum hereby insured, and when the liability of the Assured has been contested with the consent in writing of two-thirds (in amount) of the Underwriters on the ship hereby insured, the Undersigned will also pay a like proportion of the costs which the Assured shall thereby incur or be compelled to pay.

Notwithstanding the foregoing, this Policy is warranted free from any claim arising directly or indirectly under Workmen's Compensation or Employers' Liability Acts and any other Statutory or Common Law Liability in respect of

accidents to or illness of workmen or any other person employed in any capacity whatsoever by the assured or others in on or about or in connection with the insured ship or her cargo materials or repairs.

1/7/25.

(A) Warranted free of capture, seizure, arrest, restraint, or detainment, and the consequences thereof or of any attempt thereat (piracy excepted), and also from all consequences of hostilities or warlike operations whether before or after declaration of war.

(B) Warranted free of loss or damage caused by strikers, locked out workmen or persons taking part in labour disturbances or riots or civil commotions.

Should clause (A) be deleted, clause (c) is to operate as part of this policy.

(c) Warranted free of any claim based upon loss of, or frustration of, the insured voyage, or adventure, caused by arrests, restraints or detainments of kings, princes or peoples.

(D) Warranted free of loss or damage caused by earthquake.

(Page 41.)

AMERICAN HULL FORM ATLANTIC (A.H.U.A.). General Average and Salvage Charges payable in accordance with YorkAntwerp Rules 1890 (either including or excluding Rule 1), or York-Antwerp Rules 1924, if so provided for in the contract of affreightment. As regards matters not provided for in the York-Antwerp Rules 1890, or York-Antwerp Rules 1924 (when the contract of affreightment provides for such rules), and also when the contract of affreightment does not provide for such rules, General Average and Salvage Charges shall be payable in accordance with the laws and usages of the United States. Provided always that when an adjustment according to the laws and usages of the Port of destination is properly demanded by the owners of the cargo, General Average shall be paid in accordance with the same.

No claim shall in any case be allowed in respect of scraping or painting the Vessel's bottom.

1/7/25.

INSTITUTE DUAL VALUATION CLAUSE. (a) Insured value for total and/or constructive total loss purposes

...

...

(Page 50.)

...

£..

...

£...

(b) Insured value for purposes other than total and/or
constructive total loss

...

...

...

In ascertaining whether the vessel is a Constructive Total Loss (a) shall be taken as the repaired value and nothing in respect of the damaged or break-up value of the vessel or wreck shall be taken into account.

In case of claim for total or constructive total loss (a) shall be taken to be the insured value and payment by the Underwriters of their proportions of that amount shall be for all purposes payment of a Total Loss.

Should the assured by reason of insured perils become entitled to abandon the vessel and to claim a Constructive Total Loss as above but refrain from doing so and the vessel be not repaired or if she be sold unrepaired, liability hereunder shall be determined as if notice of abandonment had been given and a Constructive Total Loss claimed.

Insurances allowed under the 10% Disbursements Clause to be caiculated on the amount recoverable for total loss.

This clause is to be used in conjunction with (Institute) Hull Clauses.

INSTITUTE WARRANTIES.

1/4/26. (Page 29.) 1. Warranted not to enter or sail from any port or place on the Atlantic Coast of North America its rivers or adjacent islands north of 43° 40′ N. lat., except the port of Halifax, and for bunkering purposes only the ports of Louisburg and Sydney. Warranted not to enter or sail from any port or place on the Pacific Coast of North America its rivers or adjacent islands north of 50° N. lat., except ports or places on Vancouver Island and Prince Rupert via Dixon Strait.

2.

3.

Warranted not to enter or sail from a port in the Baltic north of 64° 10' N. lat. between 1st October and 30th April (b.d.i.) or north of Stockholm-Reval Line or east of Reval between 1st November and 30th April (b.d.i.) or north of 56 N. lat. between 21st November and 19th April (b.d.i.). Warranted not to enter waters north of 70 deg. N. lat.

4. Warranted not to sail with Indian Coal as cargo between 1st March and 30th June.

5.

Warranted not to sail for or from any port or place in the Behring Sea or Alaska or Siberia (except that vessels may enter or sail from Vladivostock between 1st May and 1st November).

1/7/25. INSTITUTE WAR RISK CLAUSES. (Page 54.) This policy covers the risks excluded by the following clause, viz. :"Warranted free of capture seizure arrest restraint or detainment and the consequences thereof or of any attempt thereat piracy excepted and also from all consequences of hostilities or warlike operations whether before or after declaration of war.'

Nevertheless this policy is warranted free of any claim based upon loss of or frustration of the insured voyage or adventure caused by arrests restraints or detainments of Kings Princes or Peoples.

1/7/25.

INSTITUTE OF LONDON UNDERWRITERS.

ALEXANDRIA COTTON TARIFF CLAUSES.

(Page 56.)

2. Including risk at port of discharge until delivered into warehouse or to carriers or by rail, land conveyances or canal to mills at port of discharge or in the interior, but risk under this policy ceases fifteen days after discharge from ocean steamer or held covered.

SHIPMENTS OF CANADIAN AND AUSTRALIAN FLOURS TO GREAT BRITAIN AND IRELAND.

The only alteration in this Clause is the inclusion of Shipments of Canadian Flours.

CLAUSES FOR

(Page 84.) U.K. E1.

SHIPMENTS FROM AUSTRALASIA TO THE UNITED KINGDOM.

3. That where the interest has to be conveyed by rail and/or street vans and/or lighters prior to shipment by oversea vessel, such railways trucks and/or street vans and/or lighters must be insulated otherwise an additional premium of 5/-% to be paid; and after discharge from the vessel the interest shall be carried to cold stores in insulated railway trucks and/or insulated street vans and/or insulated lighters, otherwise an additional premium of 5/- % to be paid.

7. That in the event of interest being transhipped, or forwarded on to destination in the United Kingdom by rail, no risk to attach hereunder unless notice of such transhipment or rail carriage be given to the London Representative of the Company prior to commencement of such risk, the transhipment or forwarding to be only by steamer fitted with refrigerating machinery or by rail in insulated vans. An extra premium at the rate of 5/- % to be paid for such risk. This revision applies also to U.K. D1, page 80.

CLAUSES FOR

(Page 86.) U.K. E2.

SHIPMENTS FROM AUSTRALASIA TO THE UNITED KINGDOM.

3.

That after discharge from the vessel the interest shall be carried to cold stores in insulated railway trucks and/or insulated street vans and/or insulated lighters, or an additional premium of 5/- % to be paid.

7. That in the event of interest being transhipped, or forwarded on to destination in the United Kingdom by rail, no risk to attach hereunder unless notice of such transhipment or rail carriage be given to the London Representative of the Company prior to commencement of such risk, the transhipment or forwarding to be only by steamer fitted with refrigerating machinery or by rail in insulated vans. An extra premium at the rate of 5/- % to be paid for such risk.

This revision applies also to U.K. D2, page 82.