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P&I (CLASS 3) / PART III / RULE 19 RISKS COVERED / 19.13 Wreck Removal
Liabilities which a Member may incur, together with costs and expenses incidental thereto, in respect of:
19.13.1 Entered Ship
The raising, removal, destruction, lighting or marking of the wreck of an Entered Ship, or of any cargo, equipment or other property which is or was carried on board an Entered Ship.
19.13.2 The presence or involuntary shifting of the wreck of an Entered Ship, including any cargo, equipment or other property which is or was carried on board.
19.13.3 Other ship
The raising, removal, destruction, lighting or marking of the wreck of any other ship, and of any cargo or other property which is or was on board any other ship.
19.13.4 PROVIDED ALWAYS THAT:
19.13.4.1 the costs of raising, removal, destruction, lighting or marking were compulsory by law, or the costs thereof were legally recoverable from the Member under a contract approved by the Managers;
19.13.4.2 the value of the wreck itself and of any stores and materials or cargo or other property saved shall either be credited to the Association or deducted from any recovery due from the Association;
19.13.4.3 there shall be no recovery under this Rule 19.13 if the Member shall, without the consent of the Managers in writing, transfer the Member’s interest in the wreck, cargo or other property (otherwise than by abandonment) prior to the said raising, removal, destruction, lighting or marking;
19.13.4.4 there shall be no recovery under this Rule 19.13 in respect of any liability incurred more than two years after the ship, cargo, equipment or other property became a wreck, or was lost, unless the Board (or, in the case of claims not exceeding USD2,000,000, the Committee) in its discretion decides otherwise; and
19.13.4.5 the Entered Ship became a wreck as a result of an event occurring during the period of entry of the Ship in the Association, in which case the Association shall continue to be liable for the claim notwithstanding that in other respects the liability of the Association shall have terminated pursuant to Rule 34 Cesser of Ship Entry.