Clause 14 - Period of Insurance
A. Subject as otherwise provided in these Terms & Conditions, the insurance by the Club of a ship entered in the Club otherwise than for a fixed period shall commence from noon GMT at the time and date of entry specified in the certificate of entry and shall continue until noon GMT of the 20th February next ensuing and thereafter, unless terminated in accordance with these Terms & Conditions, from policy year to policy year.
B. The insurance by the Club of each ship entered for insurance for a fixed period shall, subject as otherwise provided in these Terms & Conditions, cease at the expiry of such fixed period.