CONCLUSION OF INSURANCE CONTRACT
1 Any person desiring to insure his ship shall submit to the Association an application form (hereinafter including an "Application for Membership" which is to be submitted to the Association by a person becoming a Member) with his signature or seal affixed stating the ship which is a subject matter of insurance (hereinafter, meaning the ships defined as non-wooden steam or motor ships or other ships in "the Ship Law" or other laws and which are recognised as the ships by the Association, referred to as an "Entered Ship") and other items specified therein. If and when the Association approved the application, the person shall pay a part or whole of calls or premiums.
2 The contract of insurance shall be deemed to come into effect when the application provided for in the preceding paragraph has been approved by the Association and a part or whole of calls or premiums have been paid.
3 A Member may succeed to the insurance contract of an Entered Ship.
4 The Association shall issue a certificate of entry (including a certificate of membership to be issued by the Association at the time of entry) , at Member’s option, as a paper document or in electronic format as evidence of the contract of insurance.
5 The Association shall issue an endorsement to a Member's certificate of entry whenever a change is made in the terms of the Member's contract of insurance.
6 At a Member’s option, the Association may issue to him a Statement of Call/Premium as a paper document or in an electronic format as a substitute for a Certificate of Entry or a Certificate of Membership, indicating the rate of Call/Premium, the Call/Premium, the method of payment, due date and place of payment in cases where such items are omitted from a Certificate of Entry.
7 Any person desiring to insure his ship shall warrant that the ship is fully insured under Hull Policies on terms not less wide than those of the Lloyd’s Marine Policy MAR form 1/1/82 with the Institute Time Clauses-Hulls 1/10/83 (with RDC Clauses), unless otherwise approved in advance by the Association.
8 An Entered Ship shall maintain a Class or qualification as stipulated in Rule16.1 (1) and secure the seaworthiness as stipulated in Rule 17.1 and 17.2.
9 Any person desiring to insure his ship shall permit the Association to make public any information pertaining to such ship when entered with the Association to the extent that the Association deems the provision of such information beneficial for the smooth international operations of the Entered Ship.