FD&D (CLASS 6) / PART IV / RULE 26

EXCLUSION OF RISKS COVERED BY PROTECTION & INDEMNITY POLICIES

The Association shall not insure a Member to any extent whatsoever against any cost for which the Member would be insured if the Entered Ship were fully insured under P&I policies on terms not less wide than those of Class 3 – Protection & Indemnity – of the Association current at the time when the claim arises and with no deductible or franchise applicable to claims under those policies or could be insured subject to the exercise of a discretion contained therein.