Establishment and amendment of Special Clauses
This is to inform Members of the establishment of and amendments to the following Special Clauses which shall apply for 2006/7 policy year.
| 1. | Establishment of TANKER OIL POLLUTION INDEMNIFICATION AGREEMENT (TOPIA) CLAUSE |
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As a consequence of the approval of the Tanker Oil Pollution Indemnification Agreement (TOPIA) which will apply from the commencement of the 2006/7 policy year, the attached Special Clause has been formulated. For further information, please see our Circular to the Members dated 7 February 2006 (No.05-013), entitled "Small Tanker Oil Pollution Indemnification Agreement 2006 (STOPIA 2006) Clause & Tanker Oil Pollution Indemnification Agreement (TOPIA)".
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| 2. | Amendment of SMALL TANKER OIL POLLUTION INDEMNIFICATION AGREEMENT (STOPIA)CLAUSE |
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In light of the fact that STOPIA 2006 will operate from the commencement of the 2006/7 policy year and that the existing STOPIA will be terminated, amendments have been made to the existing STOPIA clause to reflect the new STOPIA 2006 Agreement. For further information on the STOPIA 2006, please see the Circular dated 7 February 2006 (No.05- 013).
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| 3. | Amendment of P&I WAR RISKS CLAUSE |
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In accordance with a consensus within the International Group of P&I Clubs, the P&I War Risks Clause has been amended to exclude liabilities which the Member may incur under TOPIA.
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| 4. | Amendment of SPECIAL CLAUSE FOR PAYMENT OF CALLS OR PREMIUMS BY INDEPENDENT ADMINISTRATIVE INSTITUTE OR NATIONAL UNIVERSITY CORPORATION |
| This amendment has been formulated to enable the Association to apply the clause to local authorities and local public enterprises in addition to the Independent Administrative Institute and National University Corporation. |
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