1995-01-01

Any increase in the coast of effecting repairs to the vessel caused by a decision to defer there repairs to a later date is deemed to be part of the reasonable cast of effecting the repairs providing that the repairs are carried out not later than the next classification society special survey.

The Swedish Club’s liability in respect of the unprepared damage is limited to those repairs which the relevant classification society considers necessary and shall not exceed the vessel’s depreciation in value attributable too the deferment of repairs at the time of the termination of the insurance policy, which in turn shall not exceed what the repairs would reasonably have cost had these repairs been effected at the first available opportunity.