7th October, 2008 | 11:41:01 BST

ITIC Rules & Cover

Rules of the Club

PART 1

NATURE OF THE INSURANCES

Rule 1
Nature of the insurances

PART 2

PROFESSIONAL INDEMNITY INSURANCES

Rule 2
General liability and errors and omissions insurance
Rule 3
Exclusions and qualifications applicable to Rule 2

PART 3

CARGO AND RELATED LIABILITIES

Rule 4
Liability insurance - physical loss of or damage to cargo
Rule 5
Errors & omissions insurance for transport operators
Rule 6
Third party liabilities
Rule 7
Liabilities for fines, penalties and duty
Rule 8
Exclusions and qualifications applicable to Rules 4, 5, 6 and 7

PART 4

ANCILLARY INSURANCES

Rule 9
Inability of ship agents to recover port disbursements
Rule 10
Additional legal expenses insurance and debt collection
Rule 11
Discretionary insurance
Rule 12
Other insurances

PART 5

GENERAL CONDITIONS AND EXCLUSIONS

Rule 13
General conditions and exclusions

PART 6

ENTRY AND PERIOD OF INSURANCE

Rule 14
Entry
Rule 15
Membership of the Club
Rule 16
Period of insurance and notice of termination
Rule 17
Disclosure obligations

PART 7

CESSER OF INSURANCE

Rule 18
Cesser of insurance
Rule 19
Effect of cesser of insurance

PART 8

FUNDS OF THE CLUB

Rule 20
Contribution by way of calls
Rule 21
Calls
Rule 22
Release calls
Rule 23
Recovery of calls
Rule 24
Closing of policy years
Rule 25
Reinsurance
Rule 26
Reserves
Rule 27
Investments

PART 9

CLAIMS

Rule 28
Obligations in respect of claims
Rule 29
Fraudulent claims
Rule 30
Powers of the Managers relating to claims
Rule 31
Powers of the Directors relating to recoveries

PART 10

GENERAL

Rule 32
Bye-laws
Rule 33
Forbearance and waiver
Rule 34
Assignment
Rule 35
Delegation
Rule 36
Disputes and differences
Rule 37
Set-off
Rule 38
Notices
Rule 39
Insurance Brokers
Rule 40
Governing law

PART 11

TRANSITIONAL PROVISIONS

Rule 41
Transitional provisions

PART 12

INTERPRETATIONS

Rule 42
Interpretations

Quicklinks