Professional Documents
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CONFIRMATION OF COVER
Conditions: As per Association Rules for Class I P&I but restricted to cover Wreck Removal
and Oil Pollution only as per Class I Rules 4.14 & 4.24.
Deductibles: USD 10,000 in respect of Pollution claims any one accident or occurrence.
USD 10,000 or 10% of Total Claim payable by the Association in respect of all
claims following Total and/or Constructive Total Loss of vessel, whichever the
greater.
Call Warranty: Payable in full within 30 days of attachment, time being of the essence, otherwise
insurance automatically cancelled with the Association accepting no liability
arising from any incident.
Maritime Mutual Insurance Association (NZ) Limited is not licensed to carry on insurance business in New Zealand. It is not subject to prudential regulation under the Insurance
(Prudential Supervision) Act 2010 and is not supervised by the Reserve Bank of New Zealand. Insurance underwritten by Maritime Mutual Insurance Association (NZ) Limited is
not available to persons in New Zealand
MARITIME MUTUAL
Survey Warranty: Warranted all defects and / or deficiencies as set out in the Full Risk Assessment
issued by Greenwich Marine Consultants Pte Ltd dated 12th October 2020 (“the
FRA”) to be fully complied with and / or rectified within the time(s) stated in the
FRA.
In the case of any incident giving rise to a claim occurring within the time stated
in the FRA for compliance with and / or rectification of any defect or deficiency, or
in case no time has been stated in the FRA for compliance with and / or
rectification of any defect or deficiency, the Association reserves the right to
reject in whole or in part any claim for reimbursement if, in the opinion of a
surveyor nominated by the Association, the said defect or deficiency has caused
or contributed to the loss in respect of which the claim is made.
Maritime Mutual Insurance Association (NZ) Limited is not licensed to carry on insurance business in New Zealand. It is not subject to prudential regulation under the Insurance
(Prudential Supervision) Act 2010 and is not supervised by the Reserve Bank of New Zealand. Insurance underwritten by Maritime Mutual Insurance Association (NZ) Limited is
not available to persons in New Zealand