Institute Yacht Clauses (1/1/85)

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This insurance is subject to English Law and Practice

1 VESSEL

Vessel means the hull, Machinery, boat(s), gear and equipment, such as would normally

be sold with her if she changed hands.

2 IN COMMISSION AND LAID UP

2.1 The Vessel is covered subject to the provisions of this insurance

2.1.1 While in commission at sea or on inland waters or in port, docks, marinas, on ways,

gridirons, pontoons, or on the hard or mud or at place of storage ashore including lifting

or hauling out and launching, with leave to sail or navigate with or without pilots, to go on

trial trips and to assist and tow vessels or crafts in distress, or as is customary, but it is

warranted that the Vessel shall not be towed, except as is customary or when in need of

assistance, or undertake towage or salvage services under a contract previously

arranged by Owners, Masters, Managers, or Charterers

2.1.2 While laid up out of commission as provided for in Clause 4 below, including lifting or

hauling out and launching, while being moved in shipyard or marina, dismantling, fitting

out, overhauling, normal maintenance or while under survey, (also to include docking and

undocking and periods laid up afloat incidental to laying up or fitting out and with leave to

shift in tow or otherwise to or from her lay-up berth but not outside the limits of the port or

place in which the vessel is laid up) but excluding, unless notice to be given to the

Underwriters and any additional premium required by them agreed, any period for which

the Vessel is used as a Houseboat or is under major repair or undergoing alteration.

2.2 Notwithstanding Clause 2.1 above the gear and equipment, including outboard motors,

are covered subject to the provisions of this insurance while in place of storage or repair

ashore.

3 NAVIGATING AND CHARTER HIRE WARRANTIES

3.1 Warranted not navigating outside the limits stated in the Schedule to the policy or,

provided previous notice to be given to the Underwriters, held covered on terms