Rule 22 Laid-up returns

Subject to any special terms which may have been agreed, if the Ship has been laid up with no cargo on board in at a safe lay-up location for a period of at least 30 consecutive days, excluding the day of arrival at and the day of departure from the lay-up location, such proportion as the Association may decide of the Estimated Total Call or of the fixed premium payable, pro rata for the period of the lay-up, shall be returned to the Member.

No claim for laid-up returns shall be recoverable from the Association unless the Member has informed the Association of the lay-up of the Ship within 30 days after the commencement of the lay-up and the claim for laid-up returns is made within 30 days of the end of the lay-up period.