- Saturday, August 6, 2022, 16:55
- N-Clauses
No Lay Up Return / Cancelling Returns Only
Notwithstanding anything contained herein to the contrary, It is hereby understood and agreed:
1. No premium shall be returned if the vessel is laid up neither under repair or not under repair in a port or in a lay-up area.
2. To return a pro rata monthly net for each uncommenced month if this insurance be cancelled by agreement.
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