A.      Upon an Assured ceasing to be insured by the Club in respect of any ship by virtue of a notice given (whether by the Assured or the Club) in accordance with Clause 16A and without prejudice to the effects of cancellation of insurance pursuant to Clause 19, then:

i.       Such Assured and its successors shall be and remain liable for all premium and other sums payable in respect of the whole of the policy year in which such notice was given, and in respect of previous policy years, and

ii.      Subject to the other provisions of these Terms & Conditions and to the terms of entry the Club shall remain liable in respect of such entered ship for all claims under these Terms & Conditions and any additional terms of entry arising by reason of any event which had occurred prior to noon GMT on the date of expiry specified in the certificate of entry immediately following the giving of such notice, but shall not otherwise be under any liability whatsoever by reason of anything occurring at or after that date and time.

B.       Upon an Assured ceasing to be insured by the Club in respect of any ship pursuant to paragraphs L(ii)(d) (fraudulent claim), Q (survey and audit), or T (sanctions risks) of Clause 5 or Clause 7D (disclosure), then:

i.       Such Assured and its successors shall be and remain liable in relation to premium and other sums payable:

a)      in respect of the policy year in which such cessation occurs, on a pro rata basis, namely for the proportion of such sums applicable to the period beginning at the date of entry specified in the certificate of entry and ending at noon GMT on the date of such cessation, and

b)      in respect of previous policy years, for the whole of those policy years, and

ii.      Subject to the other provisions of these Terms & Conditions and any additional terms of entry the Club shall remain liable in respect of such entered ship for all claims under these Terms & Conditions and any additional terms of entry arising by reason of any event which had occurred prior to noon GMT on the day of such cessation, but shall not otherwise be under any liability whatsoever by reason of anything occurring at or after that date and time.