Rule 49 Confiscation of the Ship
The Association may, in its discretion, authorise payment, in whole or in part, of a Member's claim for loss of the Ship following confiscation of the Ship by any legally empowered court, tribunal or authority resulting from smuggling or the infringement of any customs laws or customs regulations, but only provided that:
the amount recoverable from the Association shall under no circumstances exceed the market value of the Ship without commitment at the date of the confiscation;
the Member shall have satisfied the Association that all such steps as appear to the Association to be reasonable to avoid the giving rise to the confiscation was taken;
no such claim shall be considered by the Association until such time as the Member has been permanently deprived of its interest in the Ship;
the Association shall be under no obligation to give reasons for its decision.
