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Table of contents

Rule 1 Interpretation

1 In these Rules the following words or expressions shall mean:

Affiliate
a person insured pursuant to Rule 59.

Articles of Association
for entries with Assuranceforeningen Gard - gjensidig -, the Statutes of Assuranceforeningen Gard - gjensidig - and for entries with Gard P. & I. (Bermuda) Ltd, the Bye-Laws of Gard P. & I. (Bermuda) Ltd.

Association
for entries with Assuranceforeningen Gard - gjensidig- the 'Association' means Assuranceforeningen Gard - gjensidig and for entries with Gard P. & I. (Bermuda) Ltd the 'Association' means Gard P. & I. (Bermuda) Ltd.

Certificate of Entry
a document issued by the Association pursuant to Rule 5.1, including (where the context permits) any endorsement note in respect of the relevant entry issued pursuant to Rule 5.3, which evidences the terms and conditions of the contract of insurance in respect of the Vessel.

Co-assured
any person who is insured pursuant to Rule 58.1.

Crew
officers, including the platform manager or master, and workers contractually obliged to serve on board the Vessel, including substitutes and including such persons while proceeding to or from the Vessel.

Defence Cover and Defence Entry
insurance by the Association for risks specified in Part III, chapter 1 of the Rules and the entry of a Vessel for such cover.

Hull Policies
the insurance policies effected on the hull and machinery of the Vessel, including any excess liability policy.

Insurance Premium Tax
Any taxes or other dues payable in respect of an entry of a Vessel in the Association in the country where the Vessel is registered, the country where the Member is resident, the country where the Member has a permanent place of business or in the country where the risk is located.

Joint Members
where the Vessel is entered in the names of more than one Member, the named Members.

Member
an owner, operator or charterer of a vessel entered in the Association who according to the Articles of Association and these Rules is entitled to membership of the Association, provided that, where the context allows, the term "Member" shall, in these Rules, include a Co-assured and an Affiliate.

P&I Cover and P&I Entry
insurance by the Association for risks specified in Part II, chapter 1, of the Rules and the entry of a Vessel for such cover.

Policy Year
a year from noon GMT on 20th February in any year to immediately prior to noon GMT on the next following 20th February.

Premium Rating
the fixed premium payable to the Association according to the terms of the Vessel's entry.

Protective Co-assured
any person who is insured pursuant to Rule 58.3.

Vessel
any offshore unit, any other ship or vessel or mobile or temporarily fixed craft, including the risers, flowlines, umbilicals, floating hoses, buoyancy floats or tanks and mooring systems, or any other item or equipment used as an integral part of the unit's operations, or any part thereof as accepted by and entered in the Association under these Rules or any other description of unit noted in the Certificate of Entry.

2 Headings and notes are for reference only and shall not affect the construction of these Rules.

3 Any reference to a person shall be deemed to include a reference to an individual or a body corporate or unincorporate, as the context requires.

4 A Vessel shall only be deemed to be US owned, operated or managed for the purposes of these Rules if it is identified as such in the terms of entry.

5 A person shall be deemed to be the manager or the operator of a Vessel for the purposes of these Rules if the Association in its discretion shall so determine.

6 Where any matter requires the agreement, approval or consent of the Association, agreement, approval or consent shall only be deemed given if in writing.