The resolutions to adopt the proposed alterations to the Rules of Class 6 were approved unanimously.
This is an endorsement to the 2024/25 Class 6 – Freight, Demurrage & Defence Certificates of Entry in respect of Communicable Disease Risks. The Board has agreed that Shipowners should benefit from a limited write-back of cover in respect of Communicable Disease Risks, including Coronavirus Diseases, in the amount of USD2,000,000 any one claim and USD4,000,000 in the annual aggregate; cover in respect of Communicable Disease Risks is further limited to an annual aggregate limit of USD10,000,000 in respect of any and all coverages and insurances afforded by the Association to which a Communicable Disease Risks limitation Rule or clause applies.
Full advisory at the following link.