Rule 12 Estimated Total Calls and Owners' General Discount

Before the commencement of each Policy Year, the Association shall decide whether and to what extent the Members renewing their entries in the Association shall be granted an Owners' General Discount in the Estimated Total Calls of all Ships entered for that year.

Notification of the Owners' General Discount in the Estimated Total Call to be granted Members renewing their entries in the Association to be collected during shall, if practicable, be given to Members one calendar month before the commencement of the Policy Year to which the Estimated Total Call relates. .

A Ship entered in the course of the Policy Year shall pay a daily pro rata proportion of the stipulated Estimated Total Call, adjusted for the Owners' General Discount if the Member is entitled to such discount pursuant to Rule 12.1.