PICC P&C Classification Clause
The Assured authorizes The Swedish Club (“The Club”)
access to all information held by Classification (“Class”) relating to the
vessel and agrees to authorize such Class to disclose information to the Club.
The Club may instruct the Assured to request the
Classification Society (“The Society”) to survey the ship should the Club
consider that the safety of the ship is endangered.
The vessel shall at all times be classed with a
Society approved the Club. The insurance shall terminate automatically if the
vessel is transferred to another Society, without the consent of the Club, or
if the vessel loses its class. If the vessel loses its class while at ser, the
insurance shall not terminate until the vessel has reached the nearest safe
port.
The vessel’s class shall be deemed lost if:
1.
the
Assured of any person on his behalf requests that the vessel’s class be
cancelled,
2.
the
class is suspended, cancelled, interrupted or withdrawn.
If periodic surveys are not carried out within the
time limits fixed by Class, the Club shall only be liable if the Assured
establishes (to the satisfaction of the Club) that the
Enclosure to
Damage giving rise to the claim against the club would
have occurred even if such surveys had been properly carried out to Class
satisfaction.
If Class has expressly extended the time limit for
completion of a survey and the Assured has complied with the conditions that
may be given for the extension, the class is not deemed lost until the extended
time limit has expired.
All recommendations as specified by Class or extension
there of to be complied with failing which the Club shall be exempted form all
liability for any damage of loss whatsoever unless the Assured establishes (to
the satisfaction of the Club) that the failure was not material to the damage
or loss claimed.
