A.   The insurance of any ship entered in the Club may be terminated in the following manner:

i.       The Club may at any time give a written notice of termination to any Assured in the following manner:

-        under Clause 5T (sanction risks), on such notice in writing as the Managers may decide; or

-        under Clause 5L (ii)(d) (fraudulent claim), Clause 5Q (survey and audit), Clause 7D (disclosure) and Clause 19 (Cancellation of Insurance) on not less than seven days’ notice.

-        without giving any reason, on 30 days’ written notice prior to noon GMT on the date of expiry specified in the certificate of entry.

ii.      An Assured may give a written notice of termination to the Club in the following manner:

-          without giving any reason, on 30 days’ written notice, prior to noon GMT on the date of expiry specified in the certificate of entry.

B.   If a notice shall have been given pursuant to paragraph (A) of this Clause the insurance shall terminate at noon GMT on the day of expiry of the notice period. Save with the agreement of the Managers a ship may not be withdrawn from the Club or may any notice of termination be given at any other time.

C    Without prejudice to paragraph A and B of this Clause, the Club may at any time and without giving any reason terminate the insurance on 30 days’ written notice, given not later than 30 days before the date of expiry specified in the certificate of entry.