1 The Association may conclude a contract with more than one person in respect of one ship (those persons are hereinafter referred to as "Joint Members").
2 The Joint Members shall be jointly and severally liable to pay all debts due to the Association.
3 Any failure of disclosure or of any false disclosure in respect of any essential particulars and/or information concerning the contract of insurance, or a failure to provide notification of any alteration to the material items on an application form by any one of Joint Members shall be deemed to be conduct by all the Joint Members.
4 Conduct of any one of Joint Members which would have entitled the Association to decline to indemnify or reduce the amount of indemnity shall be deemed the conduct of all the Joint Members.
5 The cover afforded to Joint Members shall extend only to risks, liabilities, costs