10.1 The cover afforded by this Class is limited except as to the
indemnity provided by Rule 9.2.4 to the payment of legal costs,
charges and disbursements incidental to or in anticipation of legal
or other proceedings.
10.2 While an Assured has complete freedom to litigate or arbitrate
disputes involving his vessels entered in the Association it is a
condition precedent to his right to recover, in whole or in part,
out of the funds of this Class that at all times the Association shall
have sole discretion as to:
10.2.1 the claims in respect of which it may support an Assured;
10.2.2 the conduct thereof (and the exercise of any right to recover
costs therein);
10.2.3 the extent of such support and conduct both in terms of
progress through the appropriate legal or arbitral process
and/or of the Assured’s monetary recovery out of the funds of
this Class;
10.2.4 the discontinuance or settlement of claims or the discontinuance
of support in connection with claims which it has
previously agreed to support;
and the Committee shall be entitled when exercising its sole
discretion to take into account, inter alia, the merits of the claim
or matter, the interests of the other Assureds of this Class, the
amount of the costs and expenses incurred or expected to be
incurred in respect of the claim and its effect on the financial
position of this Class.
10.3 The Committee may in its sole discretion determine for each
Policy Year the figures above and/or below which claims will be
reimbursed in full; but otherwise, unless the Association agrees in
writing to provide full cover without deductibles as a term of
entry, deductibles shall apply to each claim and there shall be no
recovery in respect of 25% of all legal costs, charges and
disbursements.
10.4 The Association shall not be responsible for damages resulting
from the arrest of any vessel, nor for the exercise of a lien on
cargo, although such vessel may have been arrested or such lien
may have been exercised upon the advice of the Association, its
correspondents, lawyers or lawyers acting for the Assured.
10.5 Notwithstanding Rules 10.1, 10.2, 10.3 and 10.4, the cover
afforded by this Class under Rule 9 to the Assured for legal costs,
charges or disbursements shall be limited in the aggregate to
USD7,500,000 for any single claim, dispute, proceeding or series
thereof. The Committee may in its sole discretion decide whether
or not any claims, disputes or proceedings shall be considered to
be a series thereof.
再加五十分求答案! 博伊西11898 你可真可爱哈;chaoji838 嫌弃量大的话翻译一半也成~
继续追加二十分
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