LIMITED POLLUTION COVERAGE ENDORSEMENT


It is hereby noted and agreed that in consideration of the additional premiums charged herein and notwithstanding exclusion (g) Coverage B Third Party Liability, we agree to indemnify you for reasonable costs incurred by you preventing or mitigating a pollution hazard or threat thereof resulting directly from damage to the scheduled vessel, where coverage is afforded under this insuring agreement, provided always that such pollution hazard or threat thereof:

a) Was sudden, unintentional and unexpected by you.

b) That the incident commenced during the period of this insuring agreement.

c) It became known to you within 72 hours of its commencement.

d) Was reported to us in writing not later than seven days after having become known to you.

e) Was not a result of your want of due diligence of that or your managers, servants or agents to prevent or mitigate such pollution hazard to threat thereof.

The maximum amount recoverable under this section shall be US$50,000 less the policy deductible detailed under section B. These reasonable expenses must be incurred within one year from the commencement of the incident giving rise to a claim hereunder, and will reduce any amount payable under Section B of this insuring agreement.

Nothing herein contained shall be held to vary, waive or extend any other term, clause, condition, warranty or exclusion contained in this insuring agreement.