Misappropriation – Breach of Warranty Endorsement.

This policy of insurance is hereby amended to include coverage of the Named Insured (You), provided You are not in charge of the vessel at the time, for loss or damage to the Vessel and reasonable legal fees or reasonable expenses incurred in obtaining the release of the Vessel following impounding, arrest, detention, confiscation or any like act by any government or legally appointed authority of same as a result of any act (whether it be legal or otherwise) committed by a Charterer and/or Captain and/or Crewmember(s) and committed without your consent, knowledge or approval.

The above policy of insurance is also hereby amended to include coverage in the event of a Breach of Warranty by the Charterer and/or Captain and/or Crewmember(s), whether intentional or otherwise, and in the event, is to cover loss of and/or damage to the Vessel as a result thereof or during such Breach of Warranty provided such Breach of Warranty is committed without Your consent, knowledge or approval.

In no event will the limit of the coverages stated above exceed the amount shown on the Declaration Page and nothing set forth herein will in any way otherwise alter, amend or modify the terms of the above policy of insurance.

ALL OTHER TERMS AND CONDITIONS OF THIS POLICY REMAIN UNALTERED.