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ACQ 2016-1

Institute Warranties

Worldwide trading allowed under the vessel's Hull and P&I insurance is always subject to trading within Institute Warranties.

Hull insurers will require an additional premium if the vessel is to trade outside these limits.

Our experience has been the P&I Clubs will not likely require an additional premium, but it is important that prior notice and approval is obtained from the P&I Clubs before trading outside these limits.