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HomeMy WebLinkAboutC-2235 - Ocean Marine Insurance - Milum & GarveyR40UCER'f CODE NAME AND LDGTION PREVIOUS POLICY NUMBER POLICY NUMBER 28 04 209 430-k 409039 409053 Newport It Ca � . OCEAN MARINE TERM POLICY Co OI FIREMAN'S FUND INSURANCE COMPANY verage is provided in the Company designated by number, 18 THE AMERICAN INSURANCE COMPANY 01 a stack insurance Company (herein called the Company) NSURED'S NAME AND ADDRESS IND., STREET, TOWN, COUNTY, STATE) 07 NATIONAL SURETY CORPORATION r City of Newport Beach 3300 Newport Blvd, Newport Beach, California 92660 L J 2 -1 -79 _2 -1 -80 PREMIUM S 1,683.00 INCEPTION (MO. DAY YR.) EXPIRATION (MO. DAY YR,f 1¢La1NNINa AHD ENa1N0 AT STANDARD TIPS AT PIACE n1 I.SUANCLI Subject to the Classes and Warranties as per Form Is) attached. NOTE: Insert Form Number (s) and Edition Date(s). American Institute Hull Clauses 6 -2 -77 American Institute SR & CC Endorsement (Hulls) This Policy is made and accepted subject to ibe foregoing stipulations and conditions and to the conditions attached hereto which are hereby specially referred to and made part of this Policy, together with such other provisions, agreements or conditions as may be endorsed hereon or added hereto; and no officer, agent or other representative of this Company shall have power to waive or be deemed to have wowed any provision or condition of this Policy unless such waiver, if any, shall be written upon at attached hereto, nor shall any privilege or permission affecting the insurance under this Policy exist or be claimed by the Insured unless so written or attached. Provision Required by Law to be Stated in this Policy —This Policy is issued by a Stock Corporation. IN WITNESS WHEREOF, this Company has executed and attested these presents, in the City of San Francisco, but this policy shall not be valid unless counter- signed by a duly authorised Agent of this Company. PLACE 1- 26 -79 /pm SECRETARY PRESIDENT U 5870 -5 69 7 Amrrirxn I nstiWIr ]1u11 M e � 7 (June 2, 1977) To be attached to and form a part of Policy No. . 409053 Fireman's Fund Insurance of the ..........................................................__........ ........_............._........ ..... Comp vies........... ...._ ........................... ......... ......................... ...- ._....._ . The terms and conditions of the following clauses are to be resod as substituted for those of the policy form to which they are attached, the latter being hereby waived, except provisions required by law to be 11114hd in the Policy. All captions are inserted only for purposes of reference and shall not be used to interpret the clauses to which they apply. - ASSURED This Policy insures ........ The City, of Newport Beach 1 ............................................................................................. ............................... .............................................................................. ............................... ._ ... . .. ... ........ ...... _. I ...... ...... ....... ......_.....I ... .. hereinafter referred to as the Assured. 3 If claim is made under this Policy by anyone other than the Dwner of the Vessel, such person shall not be entitled to recover to a greater extent 4 than would the Owner, had claim been made by the Owner as an Assured named in this Policy. 5 Underwriters waive any right of subrogation against affiliated, subsidiary or interrelated companies of the Assured, provided that such waiver shall 6 not apply in the event of a collision between the Vessel and any vessel owned, demise chartered or otherwise controlled by any of the aforesaid com- 7 panies, or with respect to any loss, damage or expense against which such companies are insured. 8 LOSS PAYEE Loss, if any, payable to ........ Assured ................ -....................... ............. - ....... 9 ......... ... ...... ......... ... _..... ....... .... 10 .... ... ... I .... . ......... _... .... ........ ....... .......... ........ ......... ....... .. .... or order. it Provided, however, Underwriters shall pay claims to others as set forth in the Collision Liability clau §e and may make direct payment to persons 12 providing security for the release of the Vessel in Salvage cases. 13 VESSEL The Subject Matter of this insurance is the Vessel called the M .per form attached _ .... 14 or by whatsoever name or names the said Vessel is or shall be called, which for purposes of this insurance shall consist of and be limited to her hull, 15 launches, lifeboats, rafts, furniture, bunkers, stores, supplies, tackle, fittings, equipment, apparatus, machinery, boilers, refrigerating machinery, insula- 16 tion, motor generators and other electrical machinery. 17 In the event any equipment or apparatus not owned by the Assured is installed for use on board the Vessel and the Assured has assumed respon- 18 sibility therefor, it shall also be considered part of the Subject Matter and the aggregate value thereof shall be included in the Agreed Value. 19 Notwithstanding the foregoing, cargo containers, barges and lighters shall not be considered a part of the Subject Matter of this insurance. 20 DURATION OF RISK From the _ 1st ..... __ ...... day of February........ 19 '79 . ..... 12 Ol .AM Pacific - Standa_rd . .. ._.. time 21 to the 1st ..._ - day of Februa..ry .... 19 ..HO __12:91 .. AM_Fac.ific .Standard _ .._ time. 22 Should the Vessel at the expiration of this Policy be at sea, or in distress, or at a port of refuge or of call, she shall, provided previous notice be 23 given to the Underwriters, be held covered at a pro rata monthly premium to her port of destination. 24 In the event of payment by the Underwriters for Total Loss of the Vessel this Policy shall thereupon automatically terminate. 25 AGREED VALUE The Vessel, for so much as concerns the Assured, by agreement between the Assured and the Underwriters in this Policy, is and shall be valued at 26 .._.As ... p.er.. form ... ttached _ ........ _..... _..... ..... ........ .......... ........ . ......... ........................ .......... . ...... ..- .__............. ...... . Dollars. 27 AMOUNT INSURED HEREUNDER per . form.. attached... .. .......... Dollars. 28 ........................................................................................................... ............................... DEDUCTIBLE Notwithstanding anything in this Policy to the contrary, there shall be deducted from the aggregate of all claims (including claims under the Sue 29 and Labor cause and claims under the Collision Liability clause) arising out of each separate accident, the sum of $ ..._....._ ... ......... . unless the 30 accident results in a Total Loss of the Vessel in which case this clause shall not apply. A recovery from other interests, however, shall not operate to 31 exclude claims under this Policy provided the aggregate of such claims arising out of one separate accident if unreduced by such recovery exceeds that 32 sum. For the purpose of this clause each accident shall be treated separately, but it is agreed that (a) a sequence of damages arising from the same acci- 33 dent shall be treated as due to that accident and (bl all heavy weather damage, or damage caused by contact with floating ice, which occurs during a 34 single sea passage between two successive ports shall be treated as though due to one accident. 35 PREMIUM The Underwriters to be paid in consideration of this insurance _... ....... M ... peT ... fp)M attached 36 _._..... .............. Dollars being at the annual rate of Agreed_ ..... per cent., which premium shall be due on attachment. If the Vessel 37 is insured under this Policy for a period of less than one year at pro rata of the annual rate, full annual premium shall be considered earned and immedi- 38 ately due and payable in the event of Total Loss of the Vessel. 39 RETURNS OF PREMIUM Premium returnable as follows: Pro rata daily net in the event df termination under the Change of Ownership clause; Pro rata monthly net for each uncommenced month if it he mutually agreed to cancel this Policy; For each period of 30 consecutive days the Vessel may be laid up in port for account of the Assured, .Nil- ......................... cents per cent. net not under repair, or .Nil ..... cents per cent net under repair provided always that: 40 41 42 43 44 45 EIl wwllwq s,lassaA aql Eupuied Jo Hu!deJos IQ 13odsal ui pamolle aq asea ue w pegs wiela ON ZIT 'punol aq aHewep ou I! uana 'asod a Jot Allmadso palJnou! Algeuoseal 1! 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(q) +A3nod s!q 10 A3uaJJm aql 8uunp Pam= lou seq lassaA aql 10 ssol lelolm (e) In the event of loss or damage to equipment or apparatus —not mr ,.3dch the 114 Assured has assumed responsibility, claim shall not e d Ill the amount the Underwriters would pay if the Assure were owner of such equipment or 115 apparatus, or (2) the contractual responsibility ass No claim fbr unrepaired damages shall be Awwxcept by the to Assured to the extent the owners or lessors thereol..paiwover shall be less. that the aggregate damage eels insured against during Ake period 116 117 of the Policy and left unrepaired at the expirafWf the Policy shall be demonstrated by the Assured thIIIIIEL11111911hinished the actual market value of the 118 Vessel on that date if undamaged by such perils. - 119 ) GENERAL AVERAGE AND SALVAGE General Average and Salvage shall be payable as provided in the contract of affreightment, or failing such provision or the.c be no contract of 120 affreightment, payable at the Assured's election either in accordance with York - Antwerp Rules 1950 or 1974 or with the Laws and Usages of the Pori of 121 New York. Provided always that when an adjustment according to the laws and usages of the port or destination is properly demanded by the owners 122 of the cargo, General Average shall be paid accordingly. 123 In the event of salvage, towage or other assistance being rendered to the Vessel by any vessel belonging in part or in whole to the same Owners or 124 Charterers, the value of such services (without regard to the common ownership or control of the vessels) shall be ascertained by arbitration in the man- 125 ner provided for under the Collision Liability clause in this Policy, and the amount so awarded so far as applicable to the interest hereby insured shall 126 constitute a charge under this Policy. 127 When the contributory value of the Vessel is greater than the Agreed Value herein, the liability of the Underwriters for General Average contribution 328 (except in respect to amounts made good to the Vessel), or Salvage, shall not exceed that proportion of the total contribution due tram the Vessel which 129 the amount insured hereunder bears to the contributory value, and if, because of damage for which the Underwriters are liable as Particular Average, the 130 value of the Vessel has been reduced for the purpose of contribution, the amount of such Particular Average damage recoverable under this Policy shall 131 first be deducted from the amount insured hereunder, and the Underwriters shall then be liable only for the proportion which such net amount bears 132 to the contributory value. 133 TOTAL LOSS In ascertaining whether the Vessel is a constructive Total Loss the Agreed Value shall be taken as the repaired value and nothing in respect of the 134 damaged or break-up value of the Vessel or wreck shall be taken into account. 135 There shall be no recovery for a constructive Total Loss hereunder unless the expense of recovering and repairing the Vessel would exceed the 136 Agreed Value. In making this determination, only expenses incurred or to be incurred by reason of a single accident or a sequence of damages arising 137 from the same accident shall be taken into account, but expenses incurred prior to tender of abandonment shall not be considered if such are to be 138 claimed separately under the Sue and Labor clause. 139 In the event of Total Loss (actual or constructive), no claim to be made by the Underwriters for freight, whether notice of abandonment has been 140 given or not. 141 In no case shall the Underwriters be liable for unrepaired damage in addition to a subsequent Total Loss sustained during the period covered by this 142 Policy, 143 SUE AND LABOR And in case of any Loss or Misfortune, it shall be lawful and necessary for the Assured, their Factors, Servants and Assigns, to sue, labor and travel 144 for, in, and about the defense, safeguard and recovery of the Vessel, or any part thereof, without prejudice to this insurance, to the charges whereof 145 the Underwriters will contribute their proportion as provided below. And it is expressly declared and agreed that no acts of the Underwriters or Assured 146 in recovering, saving or preserving the Vessel shall be considered as a waiver or acceptance of abandonment. 147 In the event of expenditure under the Sue and Labor clause, the Underwriters shall pay the proportion of such expenses that the amount insured 148 hereunder bears to the Agreed Value, or that the amount insured hereunder (less loss and/or damage payable under this Policy) bears to the actual 149 value of the salved property, whichever proportion shall be less; provided always that their liability for such expenses shall not exceed their proportionate 150 part of the Agreed Value. 151 If claim for Total Loss is admitted under this Policy and sue and labor expenses have been reasonably incurred in excess of any proceeds realized 152 or value recovered, the amount payable under this Policy will be the proportion of such excess that the amount insured hereunder (without deduction 153 for loss or damage) bears to the Agreed Value or to the sound value of the Vessel at the time of the accident, whichever value was greater; provided 154 always that Underwriters' liability for such expenses shall not exceed their proportionate part of the Agreed Value. The foregoing shall also apply to 155 expenses reasonably incurred in salving or attempting to salve the Vessel and other property to the extent that such expenses shall be regarded as having 156 been incurred in respect of the Vessel. 157 COLLISION LIABILITY And it is further agreed that: - 158 (a) if the Vessel shall come into collision with any other ship or vessel, and the Assured or (fie Surety in consequence of the Vessel being at fault 159 shall become liable to pay and shall pay by way of damages to any other person or persons any sum or stuns in respect of such collision, the 160 Underwriters will pay the Assured or the Surety, whichever shall have paid, such proportion of such sum or sums so paid as their respective sub- 161 scriptions hereto bear to the Agreed Value, provided always that their liability in respect to any one such collision shall not exceed their propar- 162 tionate, part of the Agreed Value; 163 (b) in cases where, with the consent in writing of a majority tin amount) of Hull Underwriters, the liability of the Vessel has been contested, or pro. 164 ceedings have been taken to limit liability, the Underwriters will also pay a like proportion of the costs which the Assured shall thereby incur 165 or be compelled to pay, 366 When both vessels are to blame, then, unless the liability of the owners or charterers of one or both such vessels becomes limited by law, claims 167 under the Collision Liability clause shal! be settled on the principle of Cross - Liabilities as if the owners or charterers of each vessel had been compelled 168 to pay to the owners or charterers of the other of such vessels such one -half or other proportion of the latter's damages as may have been properly allowed 169 in ascertaining the balance or sum payable by or to the Assured in consequence of such collision. 170 The principles involved in this clause shall apply to the case where both vessels are the property, in part or in whole, of the same owners or chart- 171 erers, all questions of responsibility and amount of liability as between the two vessels being left to the decision of a single Arbitrator, if the parties 172 can agree upon a single Arbitrator, or failing such agreement, to the decision of Arbitrators, one to be appointed by the Assured and one to be appointed 173 by the majority (in amoumU of Hull Underwriters interested; the two Arbitrators chosen to choose a third Arbitrator before entering upon the reference, 174 and the decision of such single Arbitrator, or of any two of such three Arbitrators, appointed as above, 10 be final and binding. 175 Provided always that this clause shall In no case extend to any sum which the Assured or the Surety may become liable to pay or shall pay in cerise 176 quence of, or with respect to; 177 (a) removal or disposal of obstructions, wrecks or their cargoes under statutory powers or otherwise pursuant to law; 178 (b) injury to real or personal property of every description; 179 (c) the discharge, spillage, emission or leakage of oil, petroleum products, chemicals or other substances of any kind or description whatsoever; 180 (d) cargo or other property on or the engagements of the Vessel; 181 (el loss of life, personal injury or illness. 192 Provided further that exclusions (b) and (G above shall not apply to injury to other vessels or property thereon except to the extent that such injury 183 arises out of any action taken to avoid, minimize or remove any discharge, spillage, emission or leakage described in (c) above. 184 F tl'S'0 u BOI ASiN lalS u0f li 'P3eze polulid 1 gdasof Aq aleS 3o3 SSZ •aa3a) u( su)ewa3 luawas3opua yons a(!qm Aluo pue 4l!ma3ayl 4uals!su0301 Pie luawas3Dpua yaps l0 sw301 ay) ley; laaixa ay; 01 Alao su0) ;)pup3 VSZ anoge Pull spas3adns pegs luawasiopua gans 'Aapod s!ql no Juawasiopua Aq painsu3 3allewag air asnel3 slgl Aq papnloxa qs)3 3ag10 in sgsp 3em 11 EsZ '3amod a 431m um;el30sse u) s0330) ne in Ale) ZSZ -H1w 'feeeu '3ulwelalew AI13oq;ne Aue sapnl3u! 3amod„ 'u!8384 pasn sV '3u!w3oi3ad Si 'wa3agl paAI0Aw lassaA 3aylo Aue 'ums!p03 a to aseo all ISZ u) 70 peu32au03 )assay aqJ g314m MIA13s A a3ehit Dill ;a ain ;eu aq In luapuadepul s! 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I! 681 'sa3ewep 43ns Aug Sol Anl!ge!I 30 Ss01 ISU100 Sa3!A3as a3emol 30 a3elopd aqj 3U1p!Aoid asogl A;!uwapu! of (q) Sol 30 'I0S52A 3u!moI Bill 3wpnIDUI 'lassaA in d!4s 3a44o Aug yl!m pa3nsu! lassaA 241 to uo!s1103 w03J 9u11lnse3 03ewep 30; AJ!lNep awasse of (e) L8I :pamssV all )o lua3e 841 30 pa3nssV ail; 3uu1nba3 sl3enuuo 39pun pap!Aad ale sao!A3as a3emo; 3o a3e3oIId '83!lae)d y3ns yl!m vuep3033e u! a3a4m 981 ao!loe3d Ivol pa4spgelsa 411m a3uep)o33e u! Jouiluu3 y3ns s;daa3e pa3nssV aqj In Juane a43 3o pa3nssV ail; uaym Sol s3aumo 31ay1 30 'sleogmol 's3n1 'slopd to Aln!gep 041 lied u! in aloym w 3u11!wII 1oe3luoo Aue In uoseei Aq poo!Pnf;ud aq Iou peys aaue3nsw s!41 30VM01 (INV 39V1011d American Inst 89 B-46 S. R. & C. C. Endorsement (Hulls) (Revised) September 8, 1959 To be attached to and form a part of Policy No �09053 of ,.Fireman'.s .Fund, _Insurance,.. -... Companies ................ - .............. ...... ........ ..........._...._.._..................................... ......... .................................... ...._............... .........._........... ._... .......... ................_...................... _..........._...._............. Insuring ...... C ,ty_.of,_Newport.._ Beach ..............._..... I .......... ..................... In consideration of an additional premium, as provided below, this insurance is extended to cover addition- al risks, from and after February 1, 1979 in accordance with the following clause: - "This insurance also covers damage to or destruction of the property insured directly caused by strikers, locked out workmen, or persons taking part in labor disturbances or riots or civil commotion or caused by vandalism, sabotage, or malicious mischief, but excluding civil war, revolution, rebellion or insurrection, or civil strife arising therefrom, and warranted free from any claim for delay, detention or loss of use, and free from all loss, damage or expense caused by any weapon of war employing atomic or nuclear fission and /or fusion or other reaction or radioactive force or matter. Notwithstanding the exclusions in the F. C. & S. Clause in the within policy 'vandalism; 'sabotage,' and 'malicious mischief,' as used herein, shall be construed to include wilful or malicious physical in- jury to or destruction of the described property caused by acts committed by an agent of any Government, party or faction engaged in war, hostilities, or other warlike operations, provided such agent is acting secretly and not in connection with any operations of military or naval armed forces in the country where the described property is situated." Until further notice the Assured shall pay, for the additional protection afforded by the above clause, an additional premium of $45.00 IaEiCdM The Underwriters have the right nevertheless to change this rate at any time on 15 days written notice to the Assured; but the Assured shall have the option to cancel this endorsement as of the time when such change of rate would take effect, provided previous notice of such can- cellation be given to the Underwriters. The rate may be changed as above notwithstanding strikes, labor troubles or civil commotions, on board the vessel or elsewhere, may be threatened or actually exist either at the time when such notice is given or when it takes effect. All other terms and conditions remaining unchanged. Dated .- ....,Janua ;y.. 26,. 1979... Signed ... _. .......:. __<77 .l�" g c._.... .... ._...._.. Manager MCLELLANO 2013 Pnf ,wd i., 1. S.A. SCHEDULE OF VESSELS 1. 1958 28' DORRIS 2. 1969 20' SHIPJACK 3. 1976 29'5" CRYSTALINER AMOUNT OF INSURANCE: SO VALUED $25,000.00 $12,000.00 $41,000.00 REGISTRATION NUMBER CF0230XC CF0596XC CF5588GD DEDUCTIBLE $500.00 $500.00 $500.00 RATE PREMIUM EFFECTIVE 2 -1 -79 2.10 $525.00 2.10 $252.00 2.10 $861.00 $1638.00 AS A MATTER OF CONVENIENCE, ONE POLICY IS ISSUED TO COVER SUCH VESSEL OR VESSELS AS MAY BE SCHEDULED OR ENDORSED HEREON, BUT AS A MATTER OF CONSTRUCTION, EACH VESSEL IS TO BE DEEMED A SEPARATE INTEREST, SEPARATELY INSURED IN ALL RESPECTS AS IF A SEPARATE POLICY FOR THE AMOUNT SET OPPOSITE THE NAME OF EACH VESSEL WERE ISSUED UPON HER AND THE POLICY IS TO BE READ AND APPLIED ACCORDINGLY. THE INSURANCE ON ONE VESSEL IS NOT APPLICABLE TO ANY OTHER. THE AMOUNT OF INSURANCE OF EACH VESSEL IS THE LIMIT OF COVERAGE ON HER. NAVIGATION WARRANTY: CONFINED TO THE WATERS OF NEWPORT BAY AND PACIFIC COASTAL WATERS WITHIN A RADIUS OF FORTY (40) MILES OF NEWPORT JETTY LIGHT. THIS POLICY MAY BE CANCELLED BY THE COMPANY OR THE ASSURED UPON THIRTY (30) DAYS WRITTEN NOTICE BEING GIVEN. IF CANCELLED BY THE COMPANY, WRITTEN NOTICE TO THE ASSURED AT HIS LAST KNOWN ADDRESS AS WELL AS PAYEE, IF ANY, WILL BE DEEMED SUFFICIENT NOTICE OF CANCELLATION. IF CANCELLED BY THE COMPANY, PRO RATA; IF ASSURED, SHORT RATE NET. ATTACHED TO AND MADE PART OF POLICY NO. 409053 OF FIREMAN'S FUND INSURANCE COMPANIES, ISSUED TO: THE CITY OF NEWPORT BEACH. ENDT #1 POLICY NUMBER 409( INSURED 1 CITY OF NEWPORT BEACH EFFECTIVE 2 -1 -79 FIREMAN'S FUND INSURANCE COMPANY PRODUCER THE AMERICAN INSURANCE COMPANY NATIONAL SURETY CORPORATION ASSOCIATED INDEMNITY CORPORATION cou TE SIGNAT UTHOR2ED ' RX MANAGE AMERICAN AUTOMOBILE INSURANCE COMPANY PRESIDENT 180001 -1.86 SETS I 010 January 26, 1979 Milum /Garvey Insurance Brokers 3720 Campus Drive Newport Beach, California 92660 Attention: Mr, Bob Milum Re: City of Newport Beach Commercial Bull Policy Renewal Policy No. 409053 Dear Bob: JAN 0 1979 Santa Ana Branch Office 1950 E. 17th Street P.O. Box 1975 Santa Ana, California 92702 Telephone (714) 835 -9111 Raymond G. Bacon Resident Vice President Enclosed is the renewal policy for the City of Newport Beach. Please note that this policy has been rewritten on the new American Institute Bull Clauses form dated June 2, 1977. This form incorporates new wording into the policy which had been added by endorsement to the expiring policy. lie do not think that this new form materially changes the coverage under the policy. The actual changes to this policy are as follows: Loss Payee Clause: The new form has added lines 12 and 13 pertaining to losses paid under the Collision Liability and Salvage Clause. Deductible Clause: A reference to damage caused by contact with floating ice has been added to this clause on line 34. Premium: The additions to this clause on lines 38 and 39 states that "full annual premium shall be considered earned and immediately due and payable in the event of total loss of the vessel ". This wording does not really constitute a change to the policy as it is reiterated under the Returns of Premium Clause line 47 on the new policy; and line 50 on the expiring policy. Adventure: Lines 63 -66 add new wording refering to loading or discharging of cargo at sea. Deliberate Damage (Pollution Hazard): This new clause added to the policy on lines 87 -91 is simply an in corporation of endorsement No. 4 of the expiring policy. Claims: New wording has been added on lines 109 and 110 refering overtime pay to crew members during repairs and new wording on lines 117 -119 refering to payment for unrepaired damages. smuvm of • • -2- M General Average and Salvage: Reference is made to the new York - Antwerp rules of 1974 on line 121. Total Loss: The changes on lines 137 -139 incorporates the wording on the Total Loss endorsement (November 1, 1975) which was endorsement No. 5 to the expiring policy. Sue and Labor Clause: The new wording on lines 150 -155 incorporates wording from the Sue and Labor (April 1, 1976), which was endorsement No. 6 to the expiring policy. Collision Liability: The new wording on this clause on lines 179 -184 incorporates the wording from the Collision Amendment A (January 18, 1970), which was endorsement No. 2 to the expiring policy. War Strikes and Related Exclusions: On line 248 there is a new paragraph G refering to malicious acts or vandalism commited by master of the vessel. As you can see, the net result is that there are only two endorsements to this policy where as we had six endorsements on the expiring policy. If you have any questions concerning these changes that I have attempted to explain, please give me a call. Very truly yours, r s mrch n Marine Manager FIREMAN'S FUND INSURANCE COMPANIES JE /pm encl. PRODUCER'S CODE NAME AND LOCATION PREVIOUS POLICY NUM AJilum /Garvey ER 428 04 '209 430 Newpor, Ca 409009 OCEAN MARINE TERM POLICY Coverage is provided in the Company designated by number, 51 a stock insurance Company (herein called the Company) INSURED'S NAME AND ADDRESS (NO., STREET. TOWN, COUNTY, IRATE) F 7 Is City of Newport Beach 3300 Newport Blvd Newport Beach, California 92660 L- 2-1-78 INCEPTION (MO. DAY YR.) I.Ea1 NNIND AND eNDINa AT J 2 -1 -79 EXPIRATION (MO. DAY YR.) STANDARD TIME AT PLACE CP ISSUANCE) POLICY NUMBER VL 0 409039 01 FIREMAN'S FUND INSURANCE COMPANY 18 THE AMERICAN INSURANCE COMPANY 07 NATIONAL SURETY CORPORATION Subject to the Clauses and Warranties as per Form Is) attached. NOTE: Insert Form Numbers) and Edition Date(s). American Institute Hull Clauses 1 -18 -70 American Institute Hull Clauses Collision Clause Amendment A 6 -4 -70e S1.i This Policy is made and accepted subject to the foregoing stipulations and conditions and to the conditions attached hereto which are hereby specially referred to and made part of this Policy, together with such other provisions, agreements or conditions as may be endorsed hereon or added hereto; and no officer, agent or other representative of this Company shall have power to waive or be deemed to have waived any provision or condition of this Policy unless such waiver, if any, shall be written upon or attached hereto, nor shall any privilege or permission affecting the insurance under this Policy exist or be claimed by the Insured unless so written or attached. Provision Required by Law to be Stated in this Policy — This Policy is issued by a Stock Corporation. IN WITNESS WHEREOF, this Company has executed and attested these presents, in she City of Son Froncisco, but this policy shall nor be valid unless counter. signed by a duly authorized Agent of this Company. / SECRETARY PRESIDENT PLACE AND DATE OF COUNTERSIGNATURE ii COUNTERSIGNATURE OF AUTHORIZED nags; 2- 6- 78/pm2 -6 -78 5870-6.69 (SF) S'llntritan 31nn'tittltf t?ttif Cullo m , ,. (January 18, 1970) - 6-Z r "San Frm•d + :n' sob sYN+ed }o, New York" in I o To be attached to and form a part of Policy No._.._.__409039 _ _ - -of Cie...__._._F remanr s Fund Insur_ance Company The terms and conditions of the following clauses sre to he regarded as substituted for those of the policy form to which they are attached, the latter being hereby waived, except provisions required by law to be inserted in the Policy. All captions are inserted only for purposes of reference and shall not be used to interpret the clauses to which they apply. ASSURED This Policy insures ___ ......... ... T1L —Ci _...— ._.._..___— ....._..__— --__.—`__.. ._.._..._..._..._ ....... ... ._._ _._____ ..... .... hereinafter referred to as the Assured. 3 If claim is made under this Policy by anyone other than the Owner of the Vessel, such person shall not be entitled to 4 recover to a greater extent than would the Owner, had claim been made by the Owner as an Assured named in this Policy. 5 Underwriters waive any right of subrogation against affiliated, subsidiary or interrelated companies of the Assured, 6 provided that such waiver shall not apply in the event of a collision between the Vessel and any vessel owned, demise 7 chartered or otherwise controlled by any of the aforesaid companies, or with respect to any loss, damage or expense against 8 which such companies are insured. 9 LOSS PAYEE Loss, if any, (excepting claims required to be paid to others under the Collision Liability clause), payable to_...._— 10 Assured. - --- - - - -- — — _------------ w... —_._ 31 ---__.._..------_._..----._..._...--------------.__— ...... ---.._... .- '------- ----- -- -._.. ..... _... or order. 12 VESSEL As per form attached. The Subject Matter of this insurance is the Vessel called the ... ......... ..... ............_.._._....__........_..____..._...._..__.......__.__... _...._..__.........._....___. -_ 1a or by whatsoever name or names the said Vessel is or shall be called, which for purposes of this insurance shall consist of and 14 be limited to her hull, launches, lifeboats, rafts, furniture, bunkers, stores, 'supplies, tackle, fittings, equipment, apparatus, 16 machinery, boilers, refrigerating machinery, insulation, motor generators and other electrical machinery. 16 In the event any equipment or apparatus not owned by the Assured is installed for use on board the Vessel and the 17 Assured has assumed responsibility therefor, it shall also be considered part of the Subject Matter and the aggregate value 18 thereof shall be included in the Agreed Value. 19 Notwithstanding the foregoing, cargo containers, barges and lighters shall not be considered a part of the Subject Matter 20 of this insurance. 21 DURATION OF RISK From the _... 1st____._, day of__. February 19..___78 12:01 AM iacific . Standa: d____ __________ ___._.__.._........._ time 22 to the ......... ......._1st. .... ....... ... day of._.__._February - -- 19.._...._79 12:01 AM Pacific Standard _....._.._ .......... ._... time. 23 Should the Vessel at the expiration of this Policy be at sea, or in distress, o- at a port of refuge or of call, she shall, 24 provided previous notice be given to the Underwriters, be held covered at a pro rata monthly premium to her port of 25 destination. 26 In the event of payment by the Underwriters for Total Loss of the Vessel this Policy shall thereupon automatically 27 terminate. - 28 AGREED VALUE The Vessel, for so much as concerns the Assured, by agreement between the Assured and the Underwriters in this Policy, 29 is and shall be valued at ......._ ._As.._p3r.2r®._.RXLaCi<1:�. —_. ......_._-._.._..._..._.._...._._......._._..---.._ ...- ---- ----- ...._..._..__..... Dollars. 30 AMOUNT INSURED HEREUNDER . ........ -. -- -- :_.— .- --- _ -.... Dollars. 31 DEDUCTIBLE Notwithstanding anything, in this Policy to the contrary, there shall be deducted from the aggregate of all claim^. (;nclud- 32 ing claims under the Sue and Labor clause and claims under the Collision Liability clause) arising out of each separate 33 accident, the sum of $ . ............ .............. ,.. ... .. ........... , unless the accident results in a Total Loss of the Vessel in which case this clause shall 34 not apply. A recovery from other interests, however, shall not operate to exclude claims under this Policy provided the 35 aggregate of such claims arisin¢ out of one separate accident if unreduced by such recovery exceeds that sum. For the 36 purpose of this clause each accident shall be treated separately, but it is agreed that (a) a sequence of damages arising from 37 the same accident shall be treated as due to that accident and (b) all heavy weather damage which occurs during a single 38 sea passage between two successive ports shall be treated as though due to one accident. 39 PREMIUM As per form attached The Underwriters to he paid in consideration of this insurance ...._....—___.__..—_......___..__—..._.._...._._.__ _..._....._.........— .._._... 40 ---.____._._._......_-....__._....__.._..__.._..__---..._.... _ ............. ....... ............ .— .._..— Dollars being at the rate of ..... _ .... .... Agree- L ...................... per cent., 41 which premium shall be due on attachment. 42 RETURNS OF PRrMIUM Premium returnable as follows: 43 Pro rata daily net in the event of termination under the Change of Ownership clause; 44 Pro rala monthly net for each unconuuenced month if it be mutually agreed to cancel this Policy; 45 For each period of 30 consecutive days the Vessel may be laid up in port foz account of the Assured, 46 __ ..... ...... .._......... cents per cent. net not under repair, or 47 ..Nil.. ...... ... cents per cent. net under repair; 48 provided always that: 49 (a) a Total Loss of the Vessel has not occurred during the currency of t:n: Policy; 60 (b) in no caxo shall a return for lay -up be allowed when the } >essel is lyin„ i.I exposed or unprotected waters or in any 51 location not approved by the Underwriters; 52 (c) in the event of any amendnunt of the annual rate, the above rates of .: Ifurn shah be adjusted accordingly; 53 (d) in no case, shall a return be allowed when the Vessel is used as a storage ship or for lightering purposes. 54 M. LELLAND 2132 S.F. (SHEET I) PRINTED IN U.S.A fib If the Vessel is laid up for a iiWgLof 30 consecutive days,'a part duly of i h attaches under this Policy, the Under - ;,66 r.'- _niters shall pay such proportion turn due in respect of a full period o as the number of days attaching 67 hereto bears to 30. Should the la iod exceed 30 consecutive days, the shall have the option to elect the 58 period of 30 consecutive days for which a return is recoverable. NON- PAYDiENT OF PREMIUM 59 In event of non - payment of premium 30 days after attachment, or of any additional premium when due, this Policy may 60 be cancelled by the Underwriters upon 10 days written or telegraphic notice sent to the Assured at his last known address 61 or in care of the broker who negotiated this Policy. Such proportion of the premium, however, as shall have been earned 62 up to the time of cancellation shall be payable. In the event of Total Loss of the Vessel occurring prior to any cancellation 63 or termination of this Policy full annual premium shall be considered earned. ADVENTURE 64 Beginning the adventure upon the Vessel, as shove, and so shall continue and endure during the period aforesaid, as 65 employment may offer, in port or at sea, in docks and graving docks, and on ways, gridirons and pontoons, at all times, in all 66 places, and on all occasions, services and tirades; with leave to sail or navigate with or without pilots, to go on trial trips 67 and to assist and tow vessels or craft in distress, but the Vessel may not be towed, except as is customary or when in need 68 of assistance, nor shall the Vessel render assistance or undertake towage or salvage services under contract previously 69 arranged by the Assured, the Owners, the Managers or the Charterers of the Vessel. 70 The Vessel is held covered in case of any breach of conditions as to cargo, trade, locality, towage or salvage activities, 71 or date of sailing, provided (a) notice is given to the Underwriters immediately following receipt of knowledge thereof by 12 the Assured, and (b) any amended terms of cover and any additional premium required by the Underwriters are agreed to 73 by the Assured. PERILS 74 Touching the Adventures and Perils which the Underwriters are contented to bear and take upon themselves, they are 75 of the Seas, Men -of -War, Fire, Lightning, Earthquake, Enemies, Pirates, Rovers, Assailing Thieves, Jettisons, Letters of 76 Mart and Counter -Mart, Surprisals, Takings at Sea, Arrests, Restraints and Detainments of all Kings, Princes and Peoples, 77 of what nation, condition or quality soever, Barratry of the Master and Mariners and of all other like Perils, Losses and 78 Misfortunes that have or shall come to the Hurt, Detriment or Damage of the Vessel, or any part thereof, excepting, how - 79 ever, such of the foregoing perils as may be excluded by provisions elsewhere in the Policy or by endorsement thereon. ADDITIONAL PERILS (INCHMAREE) 80 Subject to the conditions of this Policy, this insurance also covers loss of or damage to the Vessel directly caused by the 81 following: 82 Accidents in loading, discharging or handling cargo, or in b,inkerng; 83 Accidents in going on or off, or while on drydocks, graving docks, ways, gridirons or pontoons; 84 Explosions on shipboard or elsewhere; 85 Breakdown of motor generators or other electrical machinery and electrical connections thereto, bursting of boilers, 86 breakage of shafts, or any latent defect in the machinery or hull, (excluding the cost and expense of replacing or 87 repairing the defective part); 88 Breakdown of or accidents to nuclear installations or reactors not on board the insured Vessel; Be Contact with aircrvft, rockets or similar missiles, or with any land conveyance; 00 Negligence of Charterers and /or Repairers, provided such Charterers and /or Repairers are not an Assured here - 91 under; 92 Negligence of Masters, Officers, Crew or Pilots; 93 provided such loss or damage has not resulted from want of due diligence by the Assured, the Owners or Managers of the 94 Vessel, or any of them. Masters, Officers, Crew or Pilots are not to be considered Owners within the meaning of this clause 95 should they hold shares in the Vessel. CLAIMS (GENERAL PROVISIONS) 96 In the event of any accident or occurrence which could give rise to a claim under this Policy, prompt notice thereof 97 shall be given to the Underwriters, and: 09 (a) where practicable, the Underwriters shall be advised prior to survey, so that they may appoint their own surveyor, 99 if they so desire; 100 (b) the Underwriters shall be entitled to decide where the Vessel shall proceed for docking and /or repair (allowance to 101 be made to the Assured for the actual additional expense of the voyage arising from compliance with the Under. 102 writers' requirement); 103 (c) the Underwriters shall have the right of veto in connection with any repair firm proposed; 104 (d) the Underwriters may take tenders or may require tenders to be taken for the repair of the Vessel, in which event, 105 upon acceptance of a tender with the approval of the Underwriters, an allowance shall be made at the rate of 30 106 per cent. per annum on the amount insured, for each day or pro rata for part of a day, for time lost between the 107 issuance of invitations to tender and the acceptance of a tender, to the extent that such time is lost solely as the 108 result of tenders having been taken and provided the tender is accepted without delay after receipt of the Under. 109 writers' approval. 110 Due credit shall be given against the allowances in (b) and (d) above for any amount recovered: 111 (1) in respect of fuel, stores, and wages and maintenance of the Master, Officers and Grew members allowed in 112 General or Particular Average; 113 (2) from third parties in respect of damages for detention and /or loss of profit and /or running expenses; 114 for the period covered by the allowances or any parts thereof. 115 No claim shall be allowed in Particular Average for wages and maintenance of the Master, Officers and Crew, except when 116 incurred solely for the necessary removal of the vessel from one port to another for average repairs or for trial trips to test 117 average repairs, in which cases wages and maintenance will be allowed only while the vessel is under way. 118 General and Particular Average shall be payable without deduction, new for old. 119 The expense of sighting the bottom after stranding shall be paid, if reasonably incurred especially for that purpose, 120 even if no damage be found. 1 ?1 No c'ni:u shn'.l in e.r.y ease be alloa:ed in resprct of serapic;; or pali;Gr, the Vessel's bottom. In the �v,nf of Inns or to equiemi,nt or s:`::nrntus not owto :d by the Assured but installed for use on hoard the Vesel and for ,vhicli Lho Assured has usutned respuusiuiiity, quint ShUil not exceed (1) the amount the Underwriters would 124 pay if the Assured were owner of such equipment or apparatus, or (2) the contractual responsibility assumed by the Assured 115 to the owners or lessors thereof, whichever shall be less. CBNERAL AVERAGI4 AND SALVAGE 126 General Average and Salvage shall be payable as provided in the contract of affreightment, or failing such provision or 127 there be no contract of affreightment, payable at the Assured's election either in accordance with York- Antwerp Rules 1950 on with the Laws and Usages of the Port of San Frane.isco.Provided always that when an adjustment according to the 128 laws and usages of the port of des s properly demanded by the owners of , General Average shall be paid, accordingly. , 129 130 IA the event of salvage, towage or other assistance being rendered to the Vesse y any vessel belonging in part or in 131 whole to the same Owners or Charterers, the value of such services (without regard to the common ownership or control of 132 the vessels) shall be ascertained by arbitration in the manner provided for under the Collision Liability clause in this Policy, 133 and the amount so awarded so far as applicable to the interest hereby insured shall constitute a charge under this Policy. 134 When the contributory 'value of the Vessel is greater than the Agreed Value herein, the liability of the Underwriters, 135 for General Average contribution (except in respect to amounts made good to the Vessel), or Salvage, shall not exceed that. 136 proportion of the total contribution due from the Vessel which the amount insured hereunder bears to the contributory value; 137 and if, because of damage for which the Underwriters art - Rable as Particular Average, the value of the Vessel has been 138 reduced for the purpose of contribution, the amount of such Particular Average damage recoverable under this Policy shall 139 first be deducted from the amount insured hereunder, and the Underwriters shall then be liable only for the proportion 140 which such net amount bears to the contributory value. 141 TOTAL LOSS There shall be no recovery for a constructive Total Loss hereunder unless the expense of recovering and repairing the 142 Vessel shall exceed the Agreed Value. In making this determination, only expenses incurred by reason of a single accident 143 or a sequence of damages arising from the same accident shall be taken into account. 1 :. In ascertaining whether the Vessel is a constructive Total Loss the Agreed Value shall be taken as the repaired value 145 and nothing in respect of the damaged or break -up value of the Vessel or wreck shall be taken into account. 146 In the event of Total Loss (actual or constructive), no claim to be made by the Underwriters for freight, whether notice 147 of abandonment has been given or not. 148 In no case shall the Underwriters be liable for unrepaired damage in addition to a subsequent Total Loss sustained during 149 the period covered by this Policy. 150 SUE AND LABOR 174 And in case of any Loss or Misfortune, it shall be lawful and necessary for the Assured, their Factors, Servants and 151 Assigns, to sue, labor and travel for, in, and about the defense, safeguard and recovery of the Vessel, or any part thereof, 152 without prejudice to this insurance, to the charges whereof the Underwriters will contribute their proportion as provided 153 below. And it is expressly declared and agreed that no acts of the Underwriters or Assured in recovering, saving or preserving 154 the Vessel shall be considered as a waiver or acceptance of abandonment. 155 In the event of expenditure under the Sue and Labor clause, the Underwriters shall pay the proportion of such expenses 156 that the amount insured hereunder bears to the Agreed Value, or that the amount insured hereunder, less loss and /or damage 157 payable under this Policy, bears to the actual value of the salved property; whichever proportion shall be less. 158 If claim for Total Loss is admitted under this Policy and sue and labor expenses have been reasonably incurred in excess 159 of any proceeds realized or value recovered, the amount payable under this Policy will be the proportion of such excess that 160 the amount insured hereunder (without deduction for loss or damage) bears to the Agreed Value or to the sound value of 161 the Vessel at the time of the accident, whichever value was greater. The foregoing shall also apply to expenses reasonably 162 incurred in salving or attempting to salve the Vessel and other property to the extent that such expenses shall be regarded 163 as having been incurred in respect of the Vessel. 164 COLLISION LIABILITY And it is further agreed that: 165 (a) if the Vessel shall come into collision with any other ship or vessel, and the Assured or the Surety in consequence 166 of the Vessel being at fault shall become liable to pay and shall pay by way of damages to any other person or 167 persons any sum or sums in respect of such collision, the Underwriters will pay the Assured or the Surety, which- 168 ever shall have paid, such proportion of such sum or sums so paid as their respective subscriptions hereto bear 169 to the Agreed Value, provided always that their liability in respect to any one such collision shall not exceed their 170 proportionate part of the Agreed Value; 171 (b) in cases where, with the consent in writing of a majority (in amount) of Hull Underwriters, the liability of the Vessel 172 has been contested, or proceedings have been taken to limit liability, the Underwriters will also pay a like proportion 173 of the costs which the Assured shall thereby incur or be compelled to pay. 174 When both vessels are to blame, then, unless the liability of the owners or charterers of one or both such vessels 175 becomes limited by law, claims under the Collision Liability clause shall be settled on the principle of Cross - Liabilities 176 as if the owners or charterers of each vessel had been compelled to pay to the owners or charterers of the other 177 of such vessels such one -half or other proportion of the latter's damages as may have been properly allowed in 178 ascertaining the balance or sum payable by or to the Assured in consequence of such collision. 179 The principles involved in this clause shall apply to the case where both vessels are the property, in part or in whole, 180 of the same owners or charterers, all questions of responsibility and amount of liability as between the two vessels 181 being left to the decision of a single Arbitrator, if the parties can agree upon a single Arbitrator, or failing such 182 agreement, to the decision of Arbitrators, one to be appointed by the Assured and one to be appointed by the majority (in 183 amount) of Hull Underwriters interested; the two Arbitrators chosen to choose a third Arbitrator before entering upon the 184 reference, and the decision of such single Arbitrator, or of any two of such three Arbitrators, appointed as above, to be final 185 and binding. 186 Provided always that this clause shall in no case extend to any sum which the Assured or the Surety may become liable 187 to pay or shall pay in consequence of, or with respect to: 188 (a) removal or disposal of obstructions, wrecks or their cargoes under statutory powers or otherwise pursuant to law; 189 (b) injury or potential injury to real or personal property of every description, excepting other vessels or property 190 thereon; 191 (c) cargo or other property on or the engagements of the Vessel; lgg (d) loss of life, personal injury or illness. 193 PILOTAGE AND TOWAGE This insurance shall not be prejudiced by reason of any contract limiting in whole or in part the liability of pilots, tugs, 194 towboats, or their owners when the Assured or the agent of the Assured accepts such contract in accordance with established 195 local practice. 196 Where in accordance with such practice, pilotage or towage services are provided under contracts requiring the Assured or the agent of the Assured: 197 (a) to assume liability for damages resulting from collision of the Vessel insured with any other ship or vessel, in- 198 199 eluding the towing vessel, or 200 (b) to indemnify those providing the pilotage or towage services against loss or liability for any such damages, 201 it is agreed that amounts paid by the Assured or Surety pursuant to each assumed obligations shall be deemed payments 'by 202 way of.damages to any other person or persons" and to have been paid 'tin consequence of the Vessel being at fault" 203 McLELLAND 2132 S.F. (SHEET 2) PRINTED IN U.S.A. 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woe; algeaaeo3aj ZZZ st su ssol qans ;o laid jo lla ;o loadsai ut aaaagaega jo aaaa;sueaq aq; 49uts8v pamssy aql ;o slg8u aql ;o llv of pa ;v8oa IZZ -qns aq lleys sialtimiapua aq; •uot ;vutwaal otlswolni paiialap Aug pug ja;suval ao a8uvgo ;o awl; atilt uaamlaq anon pinoqs Ogg japunalaq alg9Aut( ssol g ;!'Pug IaesaA ;q; ;o iaaa;iuga ao aaaa;suval Aug ;o ggauaq aq; of smut lou llugs aausansut si4L 619 •aa ;susal qans aa; ;v sAsp uaal ;g anaoo llsgs uoplautwaal aplawo ;n9 qons •paanssy aql 4q 4uawaaj8e ua ;llam a •aa 8TZ ;o uot4n3axa aoud aqq gnogltm 'astmaaglo jo notgpsmbaa Aq ;suss; Aaviodwag Saulunloeut u9 ;o quaea aql ut (q) LIZ :gs9lluq ut ;t uotivugsap 913 ;o ljod IS jo 'o8avo ggtm It a8igg3stp ;o laod lvug la Iveuaa lx;un paija;ap aq 'paimboa ;t 'llvgs uot;smuua; ax;umolnv 9TZ qans 'gsulluq ut gas lv Si jo ';jod eutpSol aaq woa; papas Apiaile seq pug pasoq uo o8aaa svq lassaA eql ;t (g) 6TZ :lvgl 'aaeamoq 'papteoad tuotpv3gpssvlo 8TZ io uolltslnbaj 'jallvga 'quawa8vuvm 18sg 'dtgsaaumo ;o a8usg3 flans ;o awpl aql qv aquutwaal Allvot;awo ;n.v llags Satlod sty; ZTZ '8utltam ut o;aaagl aaa89 saaltamaapull aq; ssalun'uagl'umeapggtm ao palleausa 'pa8uvga aq utaaaq; ssula aaq jo lassaA aql So TTZ Alataos uotpe3gissulO aql It ao 'sts9q lsyl uo pauotltstnbai ao stsvq lvogaavq s uo pajalasga aq ao 'luawaSuaaw mau japan OIZ pa3gld aq lassaA aql ;t ao 'lassaA a117 10 8sg jo dtgsiaumo agl ut 'aspmaaylo jo AjvlunloA •a8uaga Aug So luaea aql uI 6011 dIHBHaxao d0 a'JNVHO •suotliltwtl A.tolnlals alms of loafgns satlllt4ull aq; 8uowi papnput ajam asnala stgl ut of paaaa ;aa uotluetlgo linlasiluoa Aug Bog aapun A ;tltgvtl It pal ;t ;ua aq pinom io pal ;t ;ua aas siatwo g3xgm oq Sytll4utl do uox;vltwtl Aaolnluls Aug ;o ;unows aq; uvgl LOZ aal9aa8 aq `;snap stgq Buppnlaui ' asnala lgtliggyl uotsilloo agq aapun saalpAiaapufl aqq ;o A;pltgetl ;o lunowe als8aaM 9oZ a43 llels luaea ou ut lvgl ssu&l9 papteoad •luawaaaSv Aug ;o aauasg9 aql ul algxsuodsai AllaSal uaaq pvq IaesaA aqq H gOZ paaaeo3 uaeq aevq pinom squaw6ed gans ;igl;ualxa aq; o; Aatlod spq; ut asnala A;tll4vt'I uotstlloO aql ;o 8utuSaw ail u tilpa 6011 ► -J 'ktntriran )nntitutt Sue and Labor Clause (Hull) (Amended Apnl 1, 1976) To be attached to and form a part of Policy No .......... 4Q9Q39 ........................ ... Fireman's Fund Insurance Company ........................................................................................................ ............................... Insuring., ....... . ...... City twport Beach ........ of ..... Ne............................... ............................... 62.5 And in case of any Loss or Misfortune, it shall be lawful and necessary for the Assured, their Factors, Servants and Assigns, to sue, labor and travel for, in, and about the defense, safeguard and recovery of the Vessel, or any part thereof, without prejudice to this insurance, to the charges whereof the Underwriters will contribute their proportion as provided below. And it is expressly declared and agreed that no acts of the Underwriters or Assured in recovering, saving or preserving the Vessel shall be considered as a waiver or acceptance of abandonment. In the event of expenditure under the Sue and Labor clause, the Underwriters shall pay the proportion of such expenses that the amount insured hereunder bears to the Agreed Value, or that the amount insured hereunder (less loss and /or damage payable under this Policy) bears to the actual value of the salved property, whichever proportion shall be less; provided always that their liability for such expenses shall not exceed their proportionate part of the Agreed Value. If claim for Total Loss is admitted under this Policy and sue and tabor expenses have been reasonably incurred in excess of any proceeds realized or value recovered, the amount payable under this Policy will be the proportion of such excess that the amount insured hereunder (without deduction for loss or damage) bears to the Agreed Value or to the sound value of the Vessel at the time of the accident, whichever value was greater; provided always that Underwriters' liability for such expenses shall not exceed their proportionate part of the Agreed Value. The foregoing shall also apply to expenses reasonably incurred in salving or attempting to salve the Vessel and other property to the extent that such expenses shall be regarded as having been incurred in respect of the Vessel. The foregoing clauses shall be deemed paramount and supersede any provisions inconsistent therewith contained in the policy form to which they are attached. Dated....-February .1 Endt #6 19....78 ............. � 7--�� Manager F.n -.4 1.. 1—,J, 1 ......1. 11 hob. », N 1 IODix — Primed io U.S.A. 3lutrrican jnstitttte TOTAL LOSS ENDORSEMENT (Hull) November 1, 1975 6Z -3 There shall be no recovery for a constructive Total Loss hereunder unless the expense of recovering and repairing the Vessel would exceed the Agreed Value. In making this determination, only expenses incurred or to be incurred by reason of a single accident or a seauence of damages arising from the same accident shall be taken into account, but expenses incurred prior to tender of abandonment shall not be considered if such are to be claimed separately under the Sue and Labor clause. In ascertaining whether the Vessel is a constructive Total Loss the Agreed Value shall be taken as the repaired value and nothing in respect of the damaged or break -up value of the Vessel or wreck shall be taken into account. In the event of Total Loss (actual or constructive), no claim to be made by the Underwriters for freight, whether notice of abandonment has been given or not. In no case shall the Underwriters be liable for unrepaired damage in addition to a subsequent Total Loss sustained during the period covered by this Policy. The foregoing clauses shall be deemed paramount and supersede any provisions inconsistent therewith contained in the policy form to which they are attached. Endt U5 MCLELLAND 2177 Printed in U.S.A. CONSIDERATION OF PREMIUM PAffi IT..IS- UND$RSTOOD AND AGREED THAT, SUBJECT TBE TERMS AND �NDITIONS OF THIS'Pl;�;Y� THIS INSURANCE ALSO COVERS LOSS DAMAGE TO THE .VESSEL DIRECTLY SY.(YiVERIRfENTAL AUTHORITIES ACTING THE PUBLIC WELFARE TO PREVENT OR TS A;PDLLUTION HAZARD, OR THREAT THEREOF,. RESULTING DIRECTLY .FROM DAMAGE TO THL V$36 POR WHICH THE UNDER- WRITERS ARE LLABLE UNDER THIS POLICY, PROVIDED SUCH`OF GOVERNMENTAL AUTHORITIES HAS HOT RESULTED FROli WANT OF DUE DILIGE'BY THE ASSURED, THE OWNERS, OR MANAGERS OF THE VESSEL OR ANY OF THEM TO PREVENT OR MITIGATE SUCH HAZARD OR THREAT: MASTERS, OFFICERS., CREW OR PILOTS ARE NOT TO BE.CON- SIDERED OWNERS WITHIN_THE MEANII THIS CLAUSE S0d#'W THEY HOLD SHARES IN. THE VESSEL. ' OTHER TERMS AND CONDITIONS REMAIN UNCHANGED ENDT #4 POLICY NUMBER �IV6URW'. 409039 CITY OF NEWPO ' FIREMAN'S FUND INSURANCE, COMPANY PRODUCER THE AMERICAN INSURANCE -COMPANY . NATIONAL SURETY CORPORATION. ASSOCIATED INDEMNITY CORPORATION COUNTERSIGNATURE OF,.AUTHORtz EO AMERICAN AUTOMOBILE INSURANCE COMPANY .. . PRESIDENT' 180009 -6 -65 SETS- . gf,4 EFFECTIVE American Ins men" 87 Bsed S. R. & G C. Endorsemen ) (Revised) September 8, 1959 - To be attached to and form a part of Policy No ...... ...499.Q39..._..... of ........... . ..Fiteman.._s._..F............... d Insurance Insuring.... .............. .......C.ity.._o...f..._N..eWMo t;._ Beach......._ ............. .................... ............................. ............ ............ In consideration of an additional pye�ljir as provided below, this insurance is extended to cover addition- al risks, from and after February P 7 f if in accordance with the following clause:- "This insurance also covers damage to or destruction of the property insured directly caused by strikers, locked out workmen, or persons taking part in labor disturbances or riots or civil commotion or caused by vandalism, sabotage, or malicious mischief, but excluding civil war, revolution, rebellion or insurrection, or civil strife arising therefrom, and warranted free from any claim for delay, detention or loss of use, and free from all loss, damage or expense caused by any weapon of war employing atomic or nuclear fission and /or fusion or other reaction or radioactive force or matter. Notwithstanding the exclusions in the F. C. & S. Clause in the within policy 'vandalism,' 'sabotage,' and 'malicious mischief,' as used herein, shall be construed to include wilful or malicious physical in- jury to or destruction of the described property caused by acts committed by an agent of any Government, party or faction engaged in war, hostilities, or other warlike operations, provided such agent is acting secretly and not in connection with any operations of military or naval armed forces in the country where the described property is situated." Until further notice the Assured shall pay, for the additional protection afforded by the above clause, an additional premium of $39.00 $]QEj(dt.. The Underwriters have the right nevertheless to change this rate at any time on 15 days written notice to the Assured; but the Assured shall have the option to cancel this endorsement as of the time when such change of rate would take effect, provided previous notice of such can- cellation be given to the Underwriters. The rate may be changed as above notwithstanding strikes, labor troubles or civil commotions, on board the vessel or elsewhere, may be threatened or actually exist either at the time when such notice is given or when it takes effect. All other terms and conditions remaining unchanged. Dated.........February ..._6.z..._ 1978 ................... ............................... Signed .... ............................... ........ .......................'!.... /( °)......................... Endt 03 MCLELLAND 3043 Jkutrrirutt itailitutr i�ttll (fluurtri (January 18, 1970) COLLISION CLAUSE AMENDMENT A June 4, 1970 6Z -1 It is understood and agreed that lines 187 through 193 of the attached clauses are hereby deleted and the following substituted: Provided that this clause shall in no case extend to any sum which the Assured or the Surety may become liable to pay or shall pay in consequence of, or with respect to: (a) removal or disposal of obstructions, wrecks or their cargoes under statutory powers or otherwise pursuant to law; (b) injury to real or personal property of every description; (c) the discharge, spillage, emission or leakage of oil, petroleum products, chemicals or other substances of any kind or description whatsoever; (d) cargo or other property on or the engagements of the Vessel; (e) loss of life, personal injury or illness. Provided further that exclusions (b) and (c) above shall not apply to injury to other vessels or property thereon except to the extent that such injury arises out of any action taken to avoid, minimize or remove any discharge, spillage, emission or leakage described in (c). Endt #2 For sale by Joseph Lazard, 11 John Si., S. Y. 10038 Printed in U.S.A $1501.00 AS A MATTER OF CONVENIENCE, ONE POLICY IS ISSUED TO COVER SUCH VESSEL OR VESSELS AS MAY BE SCHEDULED OR ENDORSED HEREON, BUT AS A MATTER OF CONSTRUCTION, EACH VESSEL IS TO BE DEEMED A SEPARATE INTEREST, SEPARATELY INSURED IN ALL RESPECTS AS IF A SEPARATE POLICY FOR THE AMOUNT SET OPPOSITE THE NAME OF EACH VESSEL WERE ISSUED UPON HER AND THE POLICY IS TO BE READ AND APPLIED ACCORDINGLY. THE INSURANCE ON ONE VESSEL IS NOT APPLICABLE TO ANY OTHER. THE AMOUNT OF INSURANCE OF EACH VESSEL IS THE LIMIT OF COVERAGE ON HER. NASIGATION WARRANTY: CONFINED TO THE WATERS OF NEWPORT BAY AND PACIFIC COASTAL WATERS WITHIN A RADIUS OF FORTY (40) MILES OF NEWPORT JETTY LIGHT. THIS POLICY MAX BE CANCELLED BY THE COMPANY OR THE ASSURED UPON THIRTY (30) DAYS WRITTEN NOTICE BEING GIVEN. IF CANCELLED BY THE COMPANY, WRITTEN NOTICE TO THE ASSURED AT HIS LAST KNOWN ADDRESS AS WELL AS PAYEE, IF ANY, WILL BE DEEMED SUFFICIENT NOTICE OF CANCELLATION. IF CANCELLED BY THE COMPANY, PRO RATA; IF ASSURED, SHORT RATE NET. ATTACHED TO AND MADE PART OF POLICY NO. 409039 OF FIREMAN'S FUND INSURANCE COMPANY, ISSUED TO: THE CITY OF NEWPORT BEACH. ENDT #1 POLICY NUMBER 409039 AMOUNT OF FIREMAN'S FUND INSURANCE COMPANY PRODUCER THE AMERICAN INSURANCE COMPANY SCHEDULE OF INSURANCE: REGISTRATION COU ERSIGNATUREfi` THORIZEDjQV= MAITAGER AMERICAN AUTOMOBILE INSURANCE COMPANY VESSELS SO VALUED NUMBER DEDUCTIBLE RATE PREMIUM 1. 1958 28' Dorris $25,000.00 CF023OXC $500.00 1.925 $481.00 2. 1969 20' SHIPJACR $12,000.00 CF596XC $500.00 1.925 $231.00 3. 1976 29'5" CRYSTALINER $41,000.00 CF5588GD $500.00 1.925 $789.00 $1501.00 AS A MATTER OF CONVENIENCE, ONE POLICY IS ISSUED TO COVER SUCH VESSEL OR VESSELS AS MAY BE SCHEDULED OR ENDORSED HEREON, BUT AS A MATTER OF CONSTRUCTION, EACH VESSEL IS TO BE DEEMED A SEPARATE INTEREST, SEPARATELY INSURED IN ALL RESPECTS AS IF A SEPARATE POLICY FOR THE AMOUNT SET OPPOSITE THE NAME OF EACH VESSEL WERE ISSUED UPON HER AND THE POLICY IS TO BE READ AND APPLIED ACCORDINGLY. THE INSURANCE ON ONE VESSEL IS NOT APPLICABLE TO ANY OTHER. THE AMOUNT OF INSURANCE OF EACH VESSEL IS THE LIMIT OF COVERAGE ON HER. NASIGATION WARRANTY: CONFINED TO THE WATERS OF NEWPORT BAY AND PACIFIC COASTAL WATERS WITHIN A RADIUS OF FORTY (40) MILES OF NEWPORT JETTY LIGHT. THIS POLICY MAX BE CANCELLED BY THE COMPANY OR THE ASSURED UPON THIRTY (30) DAYS WRITTEN NOTICE BEING GIVEN. IF CANCELLED BY THE COMPANY, WRITTEN NOTICE TO THE ASSURED AT HIS LAST KNOWN ADDRESS AS WELL AS PAYEE, IF ANY, WILL BE DEEMED SUFFICIENT NOTICE OF CANCELLATION. IF CANCELLED BY THE COMPANY, PRO RATA; IF ASSURED, SHORT RATE NET. ATTACHED TO AND MADE PART OF POLICY NO. 409039 OF FIREMAN'S FUND INSURANCE COMPANY, ISSUED TO: THE CITY OF NEWPORT BEACH. ENDT #1 POLICY NUMBER 409039 INSURED EFFECTIVE I CITY OF NEWPORT BEACH 2 -1 -78 FIREMAN'S FUND INSURANCE COMPANY PRODUCER THE AMERICAN INSURANCE COMPANY NATIONAL SURETY CORPORATION ASSOCIATED INDEMNITY CORPORATION COU ERSIGNATUREfi` THORIZEDjQV= MAITAGER AMERICAN AUTOMOBILE INSURANCE COMPANY PRESIDENT 18000.1. -1.88 SETS r OCEAN MARINE TERM POLICY IN ADDITION TO OVER 150 SERVICE AND CLAIMS OFFICES TO SERVE YOU! .i 5970 -6 -69 FIREMAN'S FUND INSURANCE COMPANY Branch Office THE AMERICAN THE FIREMAN'S COMPANY FUND PORTLAND AMERICAN NATIONAL SURETY INSURANCE Cou PAN's CORPORATION NORI OEPICE ... eo XN[i 5[O RIVERSIDE IN ADDITION TO OVER 150 SERVICE AND CLAIMS OFFICES TO SERVE YOU! .i 5970 -6 -69 IN EVENT OF LOSS OR DAMAGE Immediately Notify Ths#ilgent or Broker Who Issued This Policy or The Nearest Branch Office of this Company, in Major Cities Listed Below: ATLANTA INDIANAPOLIS PORTLAND BALTIMORE KANSAS CITY RENO BOSTON LITTLE ROCK RIVERSIDE BUFFALO LONG ISLAND SACRAMENTO CHICAGO LOS ANGELES SAINT LOUIS CINCINNATI LOUISVILLE SALT LAKE CITY CLEVELAND MILWAUKEE SAN ANTONIO DALLAS MINNEAPOLIS SAN DIEGO DAVENPORT NASHVILLE SAN FERNANDO DENVER NEWARK SAN FRANCISCO DETROIT NEW ORLEANS SAN JOSE FALLS CHURCH NEW YORK SANTA ANA FRESNO OAKLAND SEATTLE GREENSBORO OKLAHOMA CITY TAMPA HARTFORD PHILADELPHIA WHITE PLAINS HONOLULU PHOENIX HOUSTON PITTSBURGH IN ADDITION TO OVER 150 SERVICE AND CLAIMS OFFICES TO SERVE YOU! .i 5970 -6 -69 YOUR POLICY IS ENCLOSER e 4 -1 -77 zoo Kind of insurance Ocean /Marine Term Policy Company and Policy No Fireman's Fund /Policy No. 409009 Thank you for this opportunity of serving you In the event of loss or if there is any change in the conditions existing at the time policy was written please notify us at once We are in business to serve and protect your interests r City of Newport Beach TO 3300 Newport Blvd, Newport Beach, Ca. 92660 MILUM / GARVEY INSURANCE BROKERS 3720 Campus Drive Newport Beach, California 92660 549-9952 PRODUCER a CODE `. ' NAME AND LOCATION PREVIOUS POLICY NUMBER POLICY NSIR SNA MILUM & 408977 409009 28 -04 -209 -430 NEWPORT , CA. so OCEAN MARINE TERM POLICY Coverage is provided in the Company designated by number, a stock insurance Company {herein called the Company) INSURER'S NAME AND ADDRESS (ND., STREET, TOWN, COUNTY. STATE) �. CITY OF NEWPORT BEACH 3300 NEWPORT BLVD. NEWPORT BEACH, CALIFORNIA 92660 L 2-1-77 INCEPTION (MO. DAY YR,) {BEGINNING ANa fNaiNa AT J EXPIRATION (MO. DAY YR.) STANDARD TIME AT PLACE OF ISSUANCE) 01 FIREMAN'S FUND INSURANCE COMPANY 18 THE AMERICAN INSURANCE COMPANY 01 NATIONAL SURETY CORPORATION PREMIUM S 988.00 Subject to the Clauses and Warranties as per Form Is attached. ^� NOTE: Insert Farm Number(s) and Edition Date (s) AMERICAN INSTITUTE HULL CLAUSES 1 -18 -70 AMERICAN INSTITUTE HULL CLAUSES COLLISION CLAUSE AMENDMENT A 6 -4 -70 9MERICA2i INSTITUTE SRfiCC ENDORSEMENT (HEATS) This Policy is made and accepted subject to the foregoing stipulotlons and conditions and to the conditions attached hereto which ore hereby specially referred to and made part of this Policy, together with such other provisions, agreements or conditions as may be endorsed hereon or added hereto; and no officer, agent or other representative of this Company shall have power to waive or be deemed to have waived any provision or condition of this Policy unless such waiver, if any, shall be written upon or attached hereto, nor shall any privilege or permission affecting the insurance under this Policy exist or be claimed by the Insured unless so written or attached. Provision Required by law to be Stated in this Policy — This Policy is issued by a Stock Corporation. IN WITNESS WHEREOF, this Company has executed and attested these presents, in the City of Son Francisco, but this policy shall not be valid unless counter- signed by a duly authorized Agent of this Company. SECRETARY PRESIDENT PLACE AND DATE OF COUNTERSIGNATURE COUNTERSIGNATURE OF AUTHORIZED . 2-20 -7N, l 5870 -6-89 (SF) Awdran Inotitute 1?u1 clau f (January 18, 1970) 6-Z "San Francisco" subsliw,ed tw "New York" in line 128 To be attached to and form a part of Policy No_._409009 _ __ of the ._.._..P.IEEMAF 1, S FUND _ INSURANCE COMPANY _ The terms and conditions of the following clauses are to be regarded as substituted for those of the policy form to which they are attached, the latter being hereby waived, except provisions required by law to be inserted in the Policy. All captions are inserted only for purposes of reference and shall not be used to interpret the clauses to which they apply. ASSURED This Policy insures THE._CITY OF _NEWPORT .BEACH . ' — . ..................................... _.. _.._._._._......_.._hereinafter referred to as the Assured. 3 If claim is made under this Policy by anyone other than the Owner of the Vessel, such person shall not be entitled to 4 recover to a greater extent than would the Owner, had claim been made by the Owner as an Assured named in this Policy. 6 Underwriters waive any right of subrogation against affiliated, subsidiary or interrelated companies of the Assured, 8 provided that such waiver shall not apply in the event of a collision between the Vessel and any vessel owned, demise 7 chartered or otherwise controlled by any of the aforesaid companies, or with respect to any loss, damage or expense against 8 which such companies are insured. 9 LOSS PAYEE Loss, if any, (excepting claims required to be paid to others under the Collision Liability clause), payable to_.___._— 10 _ ..... —_._.... ..... _.... --- ........ _ ... ............ ..__..._.._._. ........ — - --.._ _..._.._.._..__._. _... ..... ............. -- ..... ...... .. or order. 12 VESSEL The Subject Matter of this insurance is the Vessel called the ..... AS_ PER .... FOEM ...ATTACH_F.n .... _..— ----- _-------------- or by whatsoever name or names the said Vessel is or shall be called, which for purposes of this insurance shall consist of and 14 be limited to her hull, launches, lifeboats, rafts, furniture, bunkers, stores, supplies, tackle, fittings, equipment, apparatus, 15 machinery, boilers, refrigerating machinery, insulation, motor generators and other electrical machinery. 16 In the event any equipment or apparatus not owned by the Assured is installed for use on board the Vessel and the 17 Assured has assumed responsibility therefor, it shall also be considered part of the Subject Matter and the aggregate value 18 thereof shall be included in the Agreed Value. 19 Notwithstanding the foregoing, cargo containers, barges and lighters shall not be considered a part of the Subject Matter 20 of this insurance. 21 DURATION OF RISK From the 1_$T.._......_.._.._ day .. 7.7 _.._12.0..1__AM.._PACIFIC... STANDARD_. ...... _........... time 22 to the ....... ..._14T ........................ day oY_ BRUARY ..._19._14_....., -__12:_01_414 PACIFIC..._ STANDARD. ._................ .... ....... ... time. 23 Should the Vessel at the expiration of this Policy be at sea, or in distress, or at a port of refuge or of call, she shall, 24 provided previous notice be given to the Underwriters, be held covered at a pro rata monthly premium to her port of 25 destination. 26 In the event of payment by the Underwriters for Total Loss of the Vessel this Policy shall thereupon automatically 27 terminate. 28 AGREED VALUE The Vessel, for so much as concerns the Assured, by agreement between the Assured and the Underwriters in this Policy, 29 is and shall be valued at _ ................ _AS_.PER...FORM—ATTACHED —.._..._..._...__........._ ------- _......_....... ........ ............ .... _...._...._... ..._..._.__..._............. ... Dollars. 30 AMOUNT INSURED HEREUNDER AS PER FORM ATTACHED Dollars. 31 DEDUCTIBLE Notwithstanding anything in this Policy to the contrary, there shall be deducted from the aggregate of all claims (includ- 32 ing claims under the Sue and Labor clause and claims under the Collision Liability clause) arising out of each separate 33 accident, the sum of fer...Attached., unless the accident results in a Total Loss of the Vessel in which case this clause shall 34 not apply. A recovery from other interests, however, shall not operate to exclude claims under this Policy provided the 35 aggregate of such claims arising out of one separate accident if unreduced by such recovery exceeds that sum. For the 36 purpose of this clause each accident shall be treated separately, but it is agreed that (a) a sequence of damages arising from 37 the same accident shall be treated as due to that accident and (b) all heavy weather damage which occurs during a single 38 sea passage between two successive ports shall be treated as though due to one accident. 39 PREMIUM The Underwriters to be paid in consideration of this insurance ... ....... AS_..PE$,....FO2M ...ATx,A H ED ........... ..—._ ... _ ..................... ..... _........ 40 _._....._...__........_.._.. ._.._....._..—..__._..— ._....._ .._....._...__. _ ..............._...._.......__ Dollars being at the rate of _. A. Si. RE. ED.._.. __............................. per cent., 41 which premium shall be due on attachment. 42 RETURNS OF PREMIUM Premium returnable as follows: 43 Pro rata daily net in the event of termination under the Change of Ownership clause; 44 Pro rata monthly net for each uncommenced month if it be mutually agreed to cancel this Policy; 46 For each period of 30 consecutive days the Vessel may be laid up in port for account of the Assured, 46 ....NIL ............. cents per cent. net not under repair, or 47 ...... cents per cent. net under repair; 48 provided always that: 49 (a) a Total Loss of the Vessel has not occurred during the currency of this Policy; 6o (b) in no case shall a return for lay -up be allowed when the Vessel is lying in exposed or unprotected waters or in any 61 location not approved by the Underwriters; 52 (c) in the event of any amendment of the annual rate, the above rates of return shall be adjusted accordingly; 53 (d) in no case shall a return be allowed when the Vessel is used as a storage ship or for lightering purposes. 54 MCLELLAND 2132 S.F. (SHEET 1) PRINTED IN U.S.A 66 - If the Vessel is laid up for a f 30 consecutive days, a part only of w ches under this Policy, the Utider. 56 writers shall pay such proportion o turn due in respect of a full period of as the number of days attaching 67 hereto bears to 30. Should the lay -up period exceed 30 consecutive days, the Assured shall have the option to elect the 68 period of 30 consecutive- days for which a return is recoverable. NON- PAYMENT OF PREMIUM 59 In event of non - payment of premium 30 days after attachment, or of any additional premium when due, this Policy may 60 be cancelled by the Underwriters upon 10 days written or telegraphic notice sent to the Assured at his last known address 61 or in care of the broker who negotiated this Policy. Such proportion of the premium, however, as shall have been earned 62 up to the time of cancellation shall be payable. In the event of Total Loss of the Vessel occurring prior to any cancellation 63 or termination of this Policy full annual premium shall be considered earned. ADVENTURE 64 Beginning the adventure upon the Vessel, as above, and so shall continue and endure during the period aforesaid, as 65 employment may offer, in port or at sea, in docks and graving docks, and on ways, gridirons and pontoons, at all times, in all 66 places, and on all occasions, services and trades; with leave to sail or navigate with or without pilots, to go on trial trips 67 and to assist and tow vessels or craft in distress, but the Vessel may not be towed, except as is customary or when in need 68 of assistance, nor shall the Vessel render assistance or. undertake towage or salvage services under contract previously 69 arranged by the Assured, the Owners, the Managers or the Charterers of the Vessel. 70 The Vessel is held covered in case of any breach of conditions as to cargo, trade, locality, towage or salvage activities, 71 or date of sailing, provided (a) notice is given to the Underwriters immediately following receipt of knowledge thereof by 72 the Assured, and (b) any amended terms of cover and any additional premium required by the Underwriters are agreed to 73 by the Assured. PERILS 74 Touching the Adventures and Perils which the Underwriters are contented to bear and take upon themselves,. they are 75 of the Seas, Men -of -War, Fire, Lightning, Earthquake, Enemies, Pirates, Rovers, Assailing Thieves, Jettisons, Letters of 76 Mart and Counter -Mart, Surprisals, Takings at Sea, Arrests, Restraints and Detainments of all Kings, Princes and Peoples, 77 of what nation, condition or quality soever, Barratry of the Master and Mariners and of all other like Perils, Losses and 78 Misfortunes that have or shall come to the Hurt, Detriment or Damage of the Vessel, or any part thereof, excepting, how - 79 ever, such of the foregoing perils as may be excluded by provisions elsewhere in the Policy or by endorsement thereon. ADDITIONAL PERILS (INCHMAREE) 8o Subject to the conditions of this Policy, this insurance also covers loss of or damage to the Vessel directly caused by the 81 following: 82 Accidents in loading, discharging or handling cargo, or in bunkering; 83 Accidents in going on or off, or while on drydocks, graving docks, ways, gridirons or pontoons; 84 Explosions on shipboard or elsewhere; - 85 Breakdown of motor generators or other electrical machinery and electrical connections thereto, bursting of boilers, 86 breakage of shafts, or any latent defect in the machinery or hull, (excluding the cost and expense of replacing or 87 repairing the defective. part);- 88 Breakdown of or accidents,to nuclear installations or reactors not on board the insured Vessel; - 89 Contact with aircraft, rockets or similar 'missiles, or with any land conveyance; 90 Negligence of Charterers and /or Repairers, provided such Charterers and /or Repairers are not an Assured here - 91 under; 92 Negligence of Masters, Officers, Crew or Pilots; 93 provided such loss or damage has not resulted from want of due diligence by the Assured, the Owners or Managers of the 94 Vessel, or any of them. Masters, Officers, Crew or Pilots are not to be considered Owners within the meaning of this clause 95 should they hold shares in the Vessel. CLAIMS (GENERAL PROVISIONS) 96 In the event of any accident or occurrence which could give rise to a claim under this Policy, prompt notice thereof 97 shall be given to the Underwriters, and: - 98 (a) where practicable, the Underwriters shall be advised prior to survey, so that they may appoint their own surveyor, 99 if they so desire; 100 (b) the Underwriters shall be entitled to decide where the Vessel shall proceed for docking and /or repair (allowance to 101 be made to the Assured for the actual additional expense of the voyage arising from compliance with the Under - 102 writers' requirement); 103 (c) the Underwriters shall have the right of veto in connection with any repair firm .proposed; 104 (d) the Underwriters may take tenders or may require tenders to be taken for the repair of the Vessel, in which event, 105 upon acceptance of a tender with the approval of the Underwriters, an allowance shall be made at the rate of 30 106 per cent. per annum on the amount insured, for each day or pro rata for part of a day, for time lost between the 107 issuance of invitations to tender and the acceptance of a tender,'to the extent that such time is lost solely as the 108 result of tenders having been taken and provided the tender is accepted without delay after receipt of the Under - 109 writers' approval. 110 Due credit shall be given against the allowances in (b) and (d) above for any amount recovered: 111 (1) in respect of fuel, stores, and wages and maintenance of the Master, Officers and Crew members allowed in 112 General or Particular Average; 113 (2) from third parties in respect of damages for detention and /or loss of profit and /or running expenses; 114 for the period covered by the allowances or any parts thereof. 115 No claim shall be allowed in Particular Average for wages and maintenance of the Master, Officers and Crew, except when 116 incurred solely for the necessary removal of the vessel from one port to another for average repairs or for trial trips to test 117 average repairs, in which cases wages and maintenance will be allowed only while the vessel is under way. 118 General and Particular Average shall be payable without deduction, new for old. 119 The expense of sighting the bottom after stranding shall be paid, if reasonably incurred especially for that purpose, 120 even if no damage be found. 121 No claim shall in any case he allowed in respect of scraping or painting the Vessel's bottom. 122 In the event of loss or damage to equipment or apparatus not owned by the Assured but installed for use on board the 123 Vessel and for which the Assured has assumed responsibility, claim shall not exceed (1) the amount the Underwriters would 124 pay if the Assured were owner of such equipment or apparatus, or (2) the contractual responsibility assumed by the Assured 126 to the owners or lessors thereof, whichever shall be less. GENERAL AVERAGE AND SALVAGE 126 General Average and Salvage shall be payable as provided in the contract of affreightment, or failing such provision or 127 there be no contract of affreightment, payable at the Assured's election either in accordance with York - Antwerp Rules 1950 or with the Laws and Usagea2bQ �portof San Francisco.Provided always th n an adjustment according to the laws and usages of the port of delta properly demanded by the owners of Iwo, General Average shall be I(iid '128 129 accordingly. 130 In the event of salvage, towage or other assistance being rendered to the Vessel by any vessel belonging in part or in 131 whole to the same Owners or Charterers, the value of such services (without regard to the common ownership or control of 132 the vessels) shall be ascertained by arbitration in the manner provided for under the Collision Liability clause in this Policy, 133 and the amount so awarded so far as applicable to the interest hereby insured shall constitute a charge under this Policy. 134 When the contributory 'value of the Vessel is greater than the Agreed Value herein, the liability of the Underwriters, 135 for General Average contribution (except in respect to amounts made good to the Vessel), or Salvage, shall not exceed that 136 proportion of the total contribution due from the Vessel which the amount insured hereunder bears to the contributory value; 137 and if, because of damage for which the Underwriters are liable as Particular Average, the value of the Vessel has been 138 reduced for the purpose of contribution, the amount of such Particular Average damage recoverable under this Policy shall 139 first be deducted fr*.. the amount insured hereunder, and the Underwriters shall then be liable only for the proportion 140 which such net amount bears to the contributory value. 141 TOTAL LOSS There shall be no recovery for a constructive Total Loss hereunder unless the expense of recovering and repairing the 142 Vessel shall exceed the Agreed Value. In making this determination, only expenses incurred by reason of a single accident 143 or a sequence of damages arising from the same accident shall be taken into account. In ascertaining whether the Vessel is a constructive Total Loss the Agreed Value shall be taken as the repaired value 145 and nothing in respect of the damaged or break -up value of the Vessel or wreck shall be taken into account. 146 In the event of Total Loss (actual or constructive), no claim to be made by the Underwriters for freight, whether notice 147 of abandonment has been given or not. 148 In no case shall the Underwriters be liable for unrepaired damage in addition to a subsequent Total Loss sustained during 149 the period covered by this Policy. 150 SUE AND LABOR And in case of any Loss or Misfortune, it shall be lawful and necessary for the Assured, their Factors, Servants and 151 Assigns, to sue, labor and travel for, in, and about the defense, safeguard and recovery of the Vessel, or any part thereof, 162 without prejudice to this insurance, to the charges whereof the Underwriters will contribute their proportion as provided 153 below. And it is expressly declared and agreed that no acts of the Underwriters or Assured in recovering, saving or preserving 154 the Vessel shall be considered as a waiver or acceptance of abandonment. 165 In the event of expenditure under the Sue and Labor clause, the Underwriters shall pay the proportion of such expenses 156 that the amount insured hereunder bears to the Agreed Value, or that the amount insured hereunder, less loss and /or damage 157 payable under this Policy, bears to the actual value of the salved property; whichever proportion shall be less. 158 If claim for Total Loss is admitted under this Policy and sue and labor expenses have been reasonably incurred in excess 159 of any proceeds realized or value recovered, the amount payable under this Policy will be the proportion of such excess that 160 the amount insured hereunder (without deduction for loss or damage) bears to the Agreed Value or to the sound value of 161 the Vessel at the time of the accident, whichever value was greater. The foregoing shall also apply to expenses reasonably 162 incurred in salving or attempting to salve the Vessel and other property to the extent that such expenses shall be regarded 163 as having been incurred in respect of the Vessel. 164 COLLISION LIABILITY And it is further agreed that: 165 (a) if the Vessel shall come into collision with any other ship or vessel, and the Assured or the Surety in consequence 166 of the Vessel being at fault shall become liable to pay and shall pay by way of damages to any other person or 167 persons any sum or sums in respect of such collision, the Underwriters will pay the Assured or the Surety, which- 168 ever shall have paid, such proportion of such sum or sums so paid as their respective subscriptions hereto bear 169 to the Agreed Value, provided always that their liability in respect to any one such collision shall not exceed their 170 proportionate part of the Agreed Value; 171 (b) in cases where, with the consent in writing of a majority (in amount) of Hull Underwriters, the liability of the Vessel 172 has been contested, or proceedings have been taken to limit liability, the Underwriters will also pay a like proportion 173 of the costs which the Assured shall thereby incur or be compelled to pay. 174 When both vessels are to blame, then, unless the liability of the owners or charterers of one or both such vessels 175 becomes limited by law, claims under the Collision Liability clause shall be settled on the principle of Cross - Liabilities 176 as if the owners or charterers of each vessel had been compelled to pay to the owners or charterers of the other 177 of such vessels such one -half or other proportion of the latter's damages as may have been properly allowed in 178 ascertaining the balance or sum payable by or to the Assured in consequence of such collision. 179 The principles involved in this clause shall apply to the case where both vessels are the property, in part or in whole, 180 of the same owners or charterers, all questions of responsibility and amount of liability as between the two vessels 181 being left to the decision of a single Arbitrator, if the parties can agree upon a single Arbitrator, or failing such 182 agreement, to the decision of Arbitrators, one to be appointed by the Assured and one to be appointed by the majority (in 183 amount) of Hull Underwriters interested; the two Arbitrators chosen to choose a third Arbitrator before entering upon the 184 reference, and the decision of such single Arbitrator, or of any two of such three Arbitrators, appointed as above, to be final 185 and binding. 186 Provided always that this clause shall in no case extend to any sum which the Assured or the Surety may become liable 187 to pay or shall pay in consequence of, or with respect to: 188 (a) removal or disposal of obstructions, wrecks or their cargoes under statutory powers or otherwise pursuant to law; 189 (b) injury or potential injury to real or personal property of every description, excepting other vessels or property 190 thereon; 191 (c) cargo or other property on or the engagements of the Vessel; 192 (d) loss of life, personal injury or illness. 193 PILOTAGE AND TOWAGE This insurance shall not be prejudiced by reason of any contract limiting in whole or in part the liability of pilots, tugs, 194 towboats, or their owners when the Assured or the agent of the Assured accepts such contract in accordance with established 195 local practice. 196 Where in accordance with such practice, pilotage or towage services are provided under contracts requiring the 197 Assured or the'agent of the Assured: 198 (a) to assume liability for damages resulting from collision of the Vessel insured with any other ship or vessel, in- 199 cluding the towing vessel, or ED0 (b) to indemnify those providing the pilotage or towage services against loss or liability for any such damages, 201 it is agreed that amounts paid by the Assured or Surety pursuant to such assumed obligations shall be deemed payments 202 "by way of. damages to any other person or persons" and to have been paid "in consequence of the Vessel being at fault" 203 McLELLAND 2132 S.F. (SHEET 2) PRINTED IN U.S.A. •aaao3 u[ Sulu asaopua vans al!ym Sluo pus USE yltmaaayl lualstsuoaut aae luawaeaopua44 smaal ay; lsgl lualxa ay; o; [luo soot eoge ay; apasaadns flays luaw Z8Z - asaopua ya¢s 'Cuffed qty; uo ;uawasaopue [q paansut aal ;eaaaq aae asnela at yI 6q papnlils e�lsta aaylo ao sysu aem ;I I8Z •aimed a yl!m uol;etaossa tit anaao; AM ao Saalntnw `laeeu „ Butu1e) 089 -utem (Ipoglnv Aug sapnlaut aa &od,, 'uaaay pasn sV Zutmaoytad at •uaaa stloa pe a l 6LZ a ;o asaa ay) u! 'ao pauaaauoa lassaA ail gatym aateaas ao 029SOA ay; ;o aanleu aq) ;o ;uapuadaput at lae ia!get 8LZ aa&od luaaa8tllaq s Ismu2s ao Sq ;aa alysoy a Sq Stlaanp pas¢ea ssalun uotsoldxa ao aag 'aayleam 6eeay 'Bu! LLZ - pusals ao gaalgo Butlaop ao paxy Aug yl!m ao 'sapsatw asl!uits ao slatlaoa 'l;saaita yllm lauluoa ao uotsgloa apnlaxa 9LZ o; ;ou (B) ydeaasaedgns sly; Intl ()ou ao aam ;o uolleaelaap a aq aaagl aaglaym) suoguaado a>ttlaem ao Val t!l;aoH (B) 9LZ ao :we!Ispuae ao alai snotattew 6LZ 'aamod padansn ao [asI!ltw •mel tedium 'slop 'suol ommoa lu!a 'soaueganlslp aoget ao liatitlod 'sinotlaol `saM!alS (3) ELZ ao 7Sasatd ao'woa;aaayl Sutstas a;p)s hula ao 'gol)aazansu! 'uotllagaa •uol)nloeaa liar I!el0 (a) ZLZ JO :aallem TLZ JO aaao; aetlaeotpsa ao not ;asaa 031!1 Jay ;o ao uotsn; ao /pue uotssp aealanu ao atwols Bul[oldma aa& ;o uodeam Cuy (p) OLZ ao :lassaA ay; pasoq uo o8aea an pauaea lou opadaol ao gmoq 'autm Suy (a) 693 JO !aa!maaglo 893 ao In;&sl aaglay& pug as& ao easad ;o awl w aaglay& 'astmaaylo so uolllslnbaa Cq 'lassaA ayl ;o But>tal [uy (q) L93 ao !Ieaaayl idwalle Sue ao yuawutalap ao lutaalsaa 'lsaaae 'aanztas 'aanldap (a) 999 : ;o oauenbasuoa s an paaanaut ao 'woa; Butilnsaa 'Sq pasnea asuadxa .to a8amsp 'ssol Aug aasoa lou saop Called slyL ggZ •Aided ay) ;o suo!steoad Casaluoa Cue C;tllnu pus apasaadns Ilsys pus ;unowuaed aq lluys suotl!Puoa But&ollo; aqL 699 SNOISR axa uaiv mu QNV SaHIULS 'HVM •s;uamasangs!(j OSUAtaS £93 pus 989aaeV IuaauaC) pun !sasnetO satlu ;S pus sllstg an& alnll;sul ueataamy aql m palaaawnua mista !asnela suots 999 -ntax3 pa ;stag pun sa>tulS 'aaAT aqI Sq papnlaxa stts!u— :,LSNIVJV LNaowv 30 aAILOadsaum aONVUIISHI (B) 199 •aaueansut ;o Satlod Sun aapun uotsuoad ;ualaetnba ao „lseuaa 099 pua„ of laa[gns algaaaeoaaa aae gat q& suan;aa lsnlau aq; 8utpaaaxa ;ou ;unoma uV •liflINIaud d0 SNURSaU ( ;) 693 •Slq;uow eIea 893 oad Bupnpaa (aaueansut saKtalS pun s>jstg astA ao Sltumopul pun uotlaaload Aug uo sllea palemt;sa ao wntwaad L93 ayl •pannbaa ;t 'eutpnlaut ;nq s�otlaaS BuloBaao; ag; aapun pa;llwaad sa paansut smntmaad Butpnlaxa) sgluout 89Z Zl 8ulpaaoxa Iou potiad a io; paansut Isaaalut 1[13 So smntmaad jenlae aq; 8utpaaaxa ;ou ;unowa uV 'SKf1INtadd (a) 993 •aa;auga aql ;o Butu2ts aq, uo ut2eq 69Z Saw not ;aaS at [q pallluuad aaueansut uV •aalaetlo aqI aapun pauaea aq of ll!Is eat ssoa8 aql ;o 0603 paaoxa lou £SZ saop it altq& paanpaa aq Iou peau paansut ;unowa aql 'sq ;uom 8l Butpaaaxa potaod a ao; st aalaega aql aaaq& ';nq ZSZ pauaea os Iunomu 66018 aqI ;o q1,09 Sq aalaega aql aapun pauaea at ail aq; es paonpaa aq llegs not ;aaS stgl aapun 199 pa;;twaad ;unoma Suy •sg ;uom 81 Butpaaoxa lou potiad a ut aalaega aq4 aapun pauaea aq o; at gatq& aatq ssoa8 aql 093 ;o %Og Butpaaaxa ;ou ;unowa UV 'SaJVROA 30 SaIUaS uOd allIH HHLUVHO u0 aum U3111VHO axlL (P) 669 •(q) uotlaaS aapun pa ;ltmaad se pa;aaga at aaueansut Sua ;t uollaeS slgl Sq pal;tuuad aq llugs aaun 86Z -ansut ou Iagl 'aaea&oy 'papteoad •aauaansut ;o sasaega agl snld 'aoueansut ;o amt; la IgBlaa; ;o ilea ;uaaana aql So 09 stsaq aqI uo palewtlsa Slgsuossaa aq o; ;unowa vans 'a8assed o8aea ;xau no lgetaa; ssoa8 paladtatlue aql 8utpaa3xa gyy Iou lunowe uy •uaSUVHO uaQNIl ,LON QNV .LSV'I'Iva NI S'IIVs 'lassaA 3HL dt LHOIaud Qa,LVdI01.LNV (a) 96Z •(p) not ;aaS plus aapun pal;tmaad so paansut y63 st ;oaaagl laud Sue ;t (q) not ;aaS stgl aapun palitwaad aq lou llugs &olaq (p) ut paquasap saalaegO ;o wao; aql aapun £6Z pauaea aq of aatq ao 4g8taa; Suy •pauaea os lunowu ssoa8 aql Aq ' pauaea at oat q ae Ig8!aa; aq; se 'paanpaa aq llegs Z63 not ;aaS stq; aapun pa;l!waad ;unowa Suy •utaaaq umop peel an saBessed o8asa oml ;o notla;twtl aq; of laafgns T6Z 1086[OA aqy; ;o uot;eanp palawysa aql uo palalnalua aq Ilsgs lunowe aql •stsuq atotl a uo apuw at ;uatuSed aaagm 06Z aalasya aBsSoe a ;o assn aq ul •aausansut ;o saBaaya aq; snld (aBussud ;salluq a ;mpamaalut us pug Saau!w!1 6E9 -aad s 'pannbaa ;t 'apalout of aauaansut yaps) aSusssd o8aso Butpaaoans ;xau pus aRasaed o8asa ;uaaano aq; ao; ggZ any ao lyBtaa; ss628 aql 8utpaaaxa Iou ;unowa uy 'a9VAOA UO3 SLOVULNOO UaQNR 'aHIH UO LHgIaHj (q) Lea •anleA paaa8y aql ;O o�g3 93920JBSU 989 aql ut 8utpaaaxa Iou lunowe uy •aNu 1103 Qauf1SNI (LHJIaud Qa•LVdIOILNV UO LHOIaud QauaLuVHO 983 fwdf IOHI) LHDiaua QNV `QaamossQ UaAa&OH SLS3uaml uV'IINIIs uO /QNV `AUaNIHOVNI QNV 68Z TIriH 30 aagVA QHSVauONI UO SSaaxa uO SLI30Ud `SNOISSININIOO sHaOVNVNI `S,LNaNIaSHf1gSIQ (a) 889 :gasoaq ZEZ gans ;o aBpal &ouy ;nogit& Satlod at pald000e suq oq& aa2e8;aolq a Sq mlelo a of asua;ap Sun saal!a&aapufl ay; paogu ;ou T£Z llags not ;tpuoa stgI ;o gasaaq s asnela paanssy aql ut Saaeoaaa go uotla ;twtl aql Butpus;sgl!&Iou pun s[e &Is pap!Aoad :(e) Ogg not ;aaS tit palaaawnua agog; 8ut;daaxa aaea;agm sleaaa ;tit Sus uO utia; aKtl aag ;o ao •yI.3 °I'd•d of laa[gns aq llags aausans 6Z3 -tit gans ou pug 'aetsnlom '(B) of (s) suot ;aaS Butmollo; aql ut pa ;eaamnua slunowu aql of do pus s;saaa)ut aql uo Idaaxa •'saaAaus;tl 8Z3 saaBeB;aolq ao 5aoleaad0 'saau&O 'paanssy aql ;o ;unoaau ao; ao Sq Satlod stgl ;o Souaaana ail; Buunp a ;saado o; LEE palaaga aq hugs lassaA aql ;O ssorl luloL ;o 3lsu aql lsutu8u aauaansut leuoytppa ou ;sql Satlod stgl ;o uotitpuo s! lI 933 SHONV uflsxl 7 VNOILIQQV • paanssy aql ;o saatgo aqI wq;tm sa8uege Isuaalu! Sus of Slddu Iou llegs It pun 'aagloue o; uotluaodaoa 63Z ao wag auo woa; lassaA aql ;o Iuaw a; aBagem aql ;o asusal aql o; Sluo saa ;aa eAoqu pasn an ,Iuama2vuvm mau„ meal aqL 6ZZ •anleA paaa8y 893 aql of saeag aapunaaag paansut ;unowa aq; gatgm uotlaodoad aql ut pun 'aaaa;aega ao aaaa ;suaal aq; woa; algaaaeoaaa ZZZ at an ssol gans ;o laud ao lle ;o ;aadsaa ut aaaalaego ao aaaa;sueal aq; ;sutaSa pantssV aqI ;o slg8ta aq; 3o lle of pale8oa IZZ -qns aq llegs saa ;timaapufl aql 'uoiluututial atlamolna paaaa;ap Sue pun aa;susal ao 98uuga ;o atoll aqI uaa &Iaq anaao pinogs OZZ aapunaaaq elgeSad ssol a It 'pus lassaA aqI ;o aaaalauga ao aaaa;sueal Sus ;o Igauaq oqI of eanut Iou llags aaueansul stgL 613 •aa;suual gans aal ;a slap uaal ;y anaao llegs uotlautmaal ot;ewo ;ne gans 'paanssy aqI .fq Iuawaaa8e ua;Ita& s 813 ;o got ;naaxe aotad aq; lnugl!& 'astmaaglo ao uotl!etnbaa Sq as ;susal Saaaodmal SaelunIOAU! tie ;O ;uaea aqI ul (q) LEE ! ;selluq ut ;t gotluul ;sap 913 ;o laud Is ao 'o8aea ql!& ;t 98aagastp ;o laod leuy Is taetaae lt ;un paaaa ;ap OR 'pannbaa ;t 'hags uotluutwaal atlewo ;ne gTg qans ';satteq tit aag In at so 'lied But puol aaq moil paling Spueale seq pug pasoq uo o8ae3 ssq lassaA aql I! (a) 6TZ :Iagl 'aaaa &oq 'papteoad !uogeatltssala £IZ ao uotltembaa 'aalaega 'IuamaBeuum 'Bull 'dtgsaaumo ;o 98uega gane ;o amtl aq; In aleuttoaal Slleat ;emo ;ne llegs Satlod alyl ZTZ 'Butlla tit o;aaagl aaae saamapufl aql ssaun ua'u&aapg& ao pallaausa 'pauega aq ut aagl ssata aag so lassaA aql SO TTZ SlataoS uotlsagtsselO aql ;t io 'stseq legl uo pauolitstnbaa ao stseq luogaaeq s uo paaalasga' aq ao 'Iuama8eusm mau aapun OTZ paaald aq lassaA aq; ;t ao 'lassaA agl ;o Bell ao $lgsaau&o ail tit 'astmaatllo ao Saalunloe 'a8usgO Aug ;o Iuaea aql uI 609 dIHSUHNMO d0 HONVHO •suotlultuttl Saoln;els qans of laa[gne satltltgstl will Suowa papnlaut aaa& asnela at gl tit of paaaa;aa uotle8tlgo len ;asa ;uoa Aug 80Z aapun S;!I!qu!I ;! Palltlua aq pmo& ao palltlua aae saau&o yatgm of Sltttgatl ;o uotlal!mtl Sao;nle ;s Sue ;o lunowe aql uegl LOZ aaleaa8 aq 'asnela s!ql Butpnlout 'asnela S;tltgec,l uotetttop aql aapun saa ;u&aapufl aq; ;o S ;tltgatl ;o Iunowa ela8az88a 90Z aql Ilw!s luaea ou tit ;eql s[s&la papteoad •Iuamaea2s Sus ;o eauasge aq; u! algtsuodsaa SlIe2al uaaq paq lassaA aql ;t SOZ paaaeoa uaaq aAeq pin" s;uawSad qans Isgl ;ua4:tca aql of Satlod stgl ut asnela SltltgsFl uotstllo0 aql ;o Butuaam aq; gtq;t& 609 40 Amrrirvn �Iilitetitutr Sue and Labor Clause (Nulll (Amended April 1, 1976) L �.J To be attached to and form a part of Policy No .......................409009 ....... ............................... of ......... .............. .....................Fireman.rs Fund Insurance Collin!.................. .... ..................... ..... Insuring., ....................... ...... Citv..of. Net.! port „Beach......... .......... ..... 62.5 And in case of any Loss or Misfortune, it shall be lawful and necessary for the:,ssured, their Factors, Servants and Assigns, to sue, tabor and travel for, in, and about the defense, safeguard and recovery of the Vessel, or any part thereof, without prejudice to this insurance, to the charges whereof the Underwriters will contribute their proportion as provided below. And it is expressly declared and agreed that no acts of the Underwriters or Assured in recovering, saving or preserving the Vessel shall be considered as a waiver or acceptance of abandonment. In the event of expenditure under the Sue and Labor clause, the Underwriters shall pay the proportion of such expenses that the amount insured hereunder bears to the Agreed Value, or that the amount insured hereunder (less loss and /or damage payable under this Policy) bears to the actual value of the salved property, whichever proportion shall be less; provided always that their liability for such expenses shall not exceed their proportionate part of the Agreed Value. If claim for Total Loss is admitted under this Policy and sue and labor expenses have been reasonably incurred in excess of any proceeds realized or value recovered, the amount payable under this Policy will be the proportion of such excess that the amount insured hereunder (without deduction for loss or damage) bears to the Agreed Value or to the sound value of the Vessel at the time of the accident, whichever value was greater; provided always that Underwriters' liability for such expenses shall not exceed their proportionate part of the Agreed Value. The foregoing shall also apply to expenses reasonably incurred in salving or attempting to salve the Vessel and other property to the extent that such expenses shall be regarded as having been incurred in respect of the Vessel. The foregoing clauses shall be deemed paramount and supersede any provisions inconsistent therewith contained in the policy form to which they are attached. Dated, ... Februar q ... I ...................... . 19.. 77. ............ Manager Endt. 96 Y..r •.1. 1•. I••.•'plr 1 ...... 1- 11 ?A... M N \ IO11 IN Primed in U.S.A. �DttTTt83[ .1I[$LLLWi TOTAL LOSS ENDORSEMENT (Hull) November 1, 1975 6Z -3 There shall be no recovery for a constructive Total Loss hereunder unless the expense of recovering and repairing the Vessel would exceed the Agreed Value. In making this determination, only expenses incurred or to be incurred by reason of a single accident or a sequence of damages arising from the same accident shall to taken into account, but expenses incurred prior to tender of abandonment shall not be considered if such are to be claimed separately under the Sue and Labor clause. In ascertaining whether the Vessel is a constructive Total Loss the Agreed Value shall be taken as the repaired value and nothing in respect of the damaged or break -up value of the Vessel or wreck shall be taken into account. In the event of Total Loss (actual or constructive), no claim to be made by the Underwriters for freight, whether notice of abandonment has been given or not. In no case shall the Underwriters be liable for unrepaired damage in addition to a subsequent Total Loss sustained during the period covered by this Policy. The foregoing clauses shall be deemed paramount and supersede any provisions inconsistent therewith contained in the policy form to which they are attached. Endt. #5 MCLELLAND 2177 Printed in U.S.A. IN CONSIDERATION OF PREMIUM PAID-,= IS UNDERSTOOD AND AGREED THAT, SUBJECT TO THE TERMS AND CONDITION OF TH CY, THIS INSURANCE ALSO COVERS LOSS OF OR DAMAGE TO THE VISSEL:DIRE j," GOVERNMENTAL AUTHORITIES ACTING FOR THE PUBLIC WELFAER TO PREVENT OR TE, A: POLLUT OR THREAT THEREOF, Rz3mAmA=TLy FROM DAMAGE TO THEIROMM, TWWRICH THE UNDER- WRITERS ARE LIABLICUNDER THIS POLICT, PROVIDED SM. =,-OF GOVERNMENTAL AUTHORITIES HAS NOT RESULTED FROM WANT OF DUE DILIONCE BY THE ASSURED, THE OWNERS, OR MANAGERS ©t, -,=, :VESSZL OR ANY OF THEM To"AMENT OR MITIGATE SUCH HAZARD OR THREAT. MASTERS, OFFJVM,.CFZV OR PILOTS, ARE NOT TO BE CON- SIDERED OWNERS WITHIN THE MEAIidA_,'.jZlS CLAUSE SHOULD THEY HOLD SHARES IN THE VESSEL. ALL OTHER TERMS AND -CONDITIONS REMAIN GED� FT1AT !G POLICY NUMBER 409009 INSURED CITY OF NEWPORT BEAM EFFECTIVE FIREMAN'S FUND INSURANCE COMPANY'' PRODUCER THE AMERICAN INSURANCE COMPANY NATIONAL SURETY CORPORATION ASSOCIATED INDEMNITY CORPORATION AMERICAN AUTOMOBILE INSURANCE COMPANY COUNTERSIGNATURE OF AUTHORIZED =RW PRESIDENT 180009-6-65 SETS I 14 U TS (JT,,C.' i 'T mj.J 21"T YDI"q, 81S1 T: �'P 7 -JAO, Y- !A -cmvm vt, (is?, T r- T' it,' aTAD III IET !!07 XJ??.3V tl!'f i DZIx U23 ; - A TOA "OUP ffar. 3j,9ji, Ij J, , UX JZZA HT j, 'PIX11 A' �-r 7' W :j M 3TADJT:yi 90 T! -MOO. 31T OT T01 rjo T I MAN B 00- I-! TA T T' In consideration of an additional premium, as provided below, this insurance is extended to cover addition- al risks, from and after FEBRUARY 1, 1977 in accordance with the following clause:- "This insurance also covers damage to or destruction of the property insured directly caused by strikers, locked out workmen, or persons taking part in labor disturbances or riota or civil commotion or caused by vandalism, sabotage, or malicious mischief, but excluding civil war, revolution, rebellion or insurrection, or civil strife arising therefrom, and warranted free from any claim for delay, detention or loss of use, and free from all loss, damage or expense caused by any weapon of war employing atomic or nuclear fission and /or fusion or other reaction or radioactive force or matter. Notwithstanding the exclusions in the F. C. & S. Clause in the within policy 'vandalism; 'sabotage,' and 'malicious mischief,' as used herein, shall be construed to include wilful or malicious physical in- jury to or destruction of the described property caused by acts committed by an agent of any Government, party or faction engaged in war, hostilities, or other warlike operations, provided such agent is acting secretly and not in connection with any operations of military or naval armed forces in the country where the described property is situated." Until further notice the Assured shall pay, for the additional protection afforded by the above clause, an additional premium of M.00 percent. The Underwriters have the right nevertheless to change this rate at any time on 15 days written notice to the Assured; but the Assured shall have the option to cancel this endorsement as of the time when such change of rate would take effect, provided previous notice of such can- cellation be given to the Underwriters. The rate may be changed as above notwithstanding strikes, labor troubles or civil commotions, on board the vessel or elsewhere, may be threatened or actually exist either at the time when such notice is given or when it takes effect. All other terms and conditions remaining unchanged. Dated...... FEBRUARY... 20. * .... 19ZZ ............................... ................. Signed ... ............... ........ . � ............ ' ................. A1._.... .......... .............. ....... i RIM. ,#3 U McLELLANO 2033 Pnll Ivl in U.N.A. M Anteriratt limlitutr gull Thawrii (January 16, 1970) COLLISION CLAUSE AMENDMENT A June 4, 1970 6Z -1 To be attached to and form a part of Policy No. ....40909 .................... of ..... ............................... .EIREMA4i S..F.OND.. INSURANCE.. COMPANY ......................................................... ............................... Insuring... CITY. OF, NEWPORT. BEACH ............................................................. ............................... It is understood and agreed that lines 187 through 193 of the attached clauses are hereby deleted and the following substituted: Provided that this clause shall in no case extend to any sum which the Assured or the Surety may become liable to pay or shall pay in consequence of, or with respect to: (a) removal or disposal of obstructions, wrecks or their cargoes under statutory powers or otherwise pursuant to law; (b) injury to real or personal property of every description; (c) the discharge, spillage, emission or leakage of oil, petroleum products, chemicals or other substances of any kind or description whatsoever; (d) cargo or other property on or the engagements of the Vessel; (e) loss of life, personal injury or illness. Provided further that exclusions (b) and (c) above shall not apply to injury to other vessels or property thereon except to the extent that such injury arises out of any action taken to avoid, minimize or remove any discharge, spillage, emission or leakage described in (c). ENDT. #2 For sale by Joseph L.rard, 11 Job. St., N. Y. 10038 Pri.ttd 1. U.S.A ' ,` AMOUNT OF SCHEDULE OF INSURANCE: REGISTBAlION VESSELS SO VALUED NUMBER DEDUCTIBLE RATE PREMIUM 1. -,. 8 28' ORRIS $25,000.00 CP023OXC $500.00 1.925 $481.00 2. 1966 26' CHRIS CRAFT $13,000.00 CFO432XC $500.00 1.925 $250.00 3. 1969 20' SHIPJACK $12,000.00 CF596KC $500.00 1.925 $231.00 $962.00 AS A MATTER OF CONVENIENCE, ONE POLICY IS ISSUED TO COVER SUCH VESSEL OR VESSELS AS MAY BE SCHEDULED OR ENDORSED HEREON, BUT AS A NATTER OF CONSTRUCTION, EACH VESSEL IS TO BE DEEMED A SEPARATE INTEREST, SEPARATELY INSURED IN ALL RESPECTS AS IF A SEPARATE POLICY FOR THE AMOUNT SET OPPOSITE THE NAME OF EACH VESSEL WERE ISSUED UPON HER AND THE POLICY IS TO BE READ AND APPLIED ACCORDINGLY. THE INSURANCE ON ONE VESSEL IS NOT APPLICABLE TO ANY OTHER. THE AMOUNT OF INSURANCE ON EACH VESSEL IS THE LIMIT OF COVERAGE ON HER. NAVIGATION WARRANTY: CONFINED TO THE WATERS OF NEWPORT BAY AND PACIFIC COASTAL WATERS WITHIN A RADIUS OF FORTY (40) NILES OF NEWPORT JETTY LIGHT. THIS POLICY MAY BE CANCELLED BY THE COMPANY OR THE ASSURED UPON THIRTY (30) DAYS WRITTEN NOTICE BEING GIVEN. IF CANCELLED BY THE COMPANY, WRITTEN NOTICE TO THE ASSURED AT HIS LAST KNOWN ADDRESS AS WELL AS PAYEE, IF ANY, WILL BE .'DEEMED SUFFICIENT NOTICE OF CANCELLATION. IF CANCELLED BY THE COMPANY, PRO RATA; IF ASSURED, SHORT RATE NET. ATTACHED TO AND MADE PART OF POLICY 409009 OF FIREMAN'S FUND INSURANCE COMPANY, ISSUED TO: THE CITY OF NEWPORT BEACH. ENDT B 1 POLICY NUMBER 409009 INSURED 1 CITY OF NEWPORT BEACH EFFECTIVE I 2 -01 -77 FIREMAN'S FUND INSURANCE COMPANY PRODUCER THE AMERICAN INSURANCE COMPANY NATIONAL SURETY CORPORATION INDEMNITY ASSOCIATED INDEMNITY CORPORATION COUNTERSI NATURE OF AUTHOR z R. AMERICAN AUTOMOBILE INSURANCE COMPANY LU �� PRESIDENT 180001 -1 -85 SETS 7. 1 TI OCEAN MARINE TERM POLICY FIREMANS FUND AMERICAN �A.N<E <RN.XX,LX XS NOM, RFMCE: SAN F0.ANC,5<O LALI£ORNIA ot FIREMAN'S FUND INSURANCE COMPANY THE AMERICAN INSURANCE COMPANY NATIONAL SURETY CORPORATION ASSOCIATED INDEMNITY CORPORATIOV AMERICAN AUTOMOBILE INSURANCE COMPANY le \ 5670 -6.69 MIWM /GARYEY INSURANCE BROKERS, INC. 3720 Campus Drive Newport Beach, California 92660 Telephone (714) 549 -9952 TO City of Newport Beach DATE 2 -25 -76 3300 Newport Blvd. Newport Beach, Ca. 92660 SUBJECT Yacht Policy 408977 Gentlemen: -s- Enclosed please find your yacht renewal policy. The coverages remain the same as the previous policy, except it only corers the two boats over $10,000 in value. The premium is $665.00 and a statement is enclosed. If you have any questions please let us know. Yours very truly, F-fara Nyberg Ocean Marine Manager enc. / p RS �NEI OF CN \ 1tFYdPORF `BFA ' t PRODUCER'S CODE NAME AND LOCATION PREVIOUS POLICY NUMBER POLICY NUMBER 'LSA.28- 04.209 430 Mil &Garvey 408947 • 408977 New ache Ca. • OCEAN MARINE TERM POLICY 01 Coverage is provided in the Company designated by number, a stock insurance Company (herein called the Company) r NSURED'S NAME AND ADDRESS (NO.. STREET. TOWN. COUNTY. STATE) IS City of Newport Beach 3300 Newport Blvd., Newport Beach, Ca. 92660 L_ 2 -1 -76 INCEPTION (MO. DAY YR.) (9EGINNINa ANa ENOINa AT _ 2 -1 -77 EXPIRATION (MO. DAY YR.) STANDARD TIME AT FLACE OF ISSVANCE) 01 FIREMAN'S FUND INSURANCE COMPANY 18 THE AMERICAN INSURANCE COMPANY 07 NATIONAL SURETY CORPORATION PREMIUM s 665.00 Subject to the Clauses and Warranties as per Form IS) attached. NOTE: Insert Form Numbers) and Edition Date(&). American Institute Null Clauses 1 -18 -70 American Institute Hull Clauses Collision Clause Amendment A 6 -4 -70 This Policy is made and accepted subject to the foregoing stipulations and conditions and to the conditions attached hereto which are hereby specially referred to and made part of this Policy, together with such other provisions, agreements or conditions as may be endorsed hereon or added hereto; and no officer, agent or other representative of this Company shall have power to waive or be deemed to have waived any provision or condition of this Policy unless such waiver, if any, shall be written upon or attached hereto, nor shall any privilege or permission affecting the insurance under this Policy exist or be claimed by the Insured unless so written or attached. Provision Required by Law to be Stated in this Policy — This Policy is issued by a Stock Corporation. IN WITNESS WHEREOF, this Company has executed and attested these presents, in the City of San Francisco, but this policy shall not be valid unless counter- signed by a duly authorized Agent of this Company. SECRETARY VD DATE OF COUNTERSIGNAT 2 -20 -76 vs A "7 PRESIDENT (SF) $665.00 As a matter of convenience, one policy is issued to cover such vessel or vessels as may be scheduled or endorsed hereon, but as a matter of con- struction, each vessel is to be deemed a separate interest, separately insured in all respects as if a separate policy for the amount set opposite the name of each vessel were issued upon her and the policy is to be read and applied accordingly. The insurance on one vessel is not applicable to any other. The amount of insurance on each vessel is the limit of coverage on her. NAVIGATION WARRANTY: Confined to the waters of Newport Bay and Pacific Coastal Waters within a radius of thirty (30) miles of Newport Jetty Light. This policy may be cancelled by the, Company or the Assured upon thirty (30) days written notice being given. If cancelled by the Company, written notice to the Assured at his last known address as well as payee, if any, will be deemed sufficient notice of cancellation. If cancelled by the Company, Pro Rata; if Assured, Short Rate Net. Attached to and made part of Policy 408977 of the Fireman's Fund Insurance Company, issued to: THE CITY OF NEWPORT BEACH. Endorsement #1 POLICY NUMBER 40897� Amount of EFFECTIVE 1 2 -20 -76 FIREMAN'S FUND INSURANCE COMPANY Schedule of Insurance: Registration NATIONAL SURETY CORPORATION Vessels So Valued Number Deductible Rate Premium 1. 1958 28' FIREMAN'S FUND INSURANCE COMPANY OF TEXAS Dorris $259000.00 CF0230XC $500.00 1.75 $438.00 2. 1966 26' Chris Craft $13,000.00 CF0432XC $500.00 1.75 $227.00 $665.00 As a matter of convenience, one policy is issued to cover such vessel or vessels as may be scheduled or endorsed hereon, but as a matter of con- struction, each vessel is to be deemed a separate interest, separately insured in all respects as if a separate policy for the amount set opposite the name of each vessel were issued upon her and the policy is to be read and applied accordingly. The insurance on one vessel is not applicable to any other. The amount of insurance on each vessel is the limit of coverage on her. NAVIGATION WARRANTY: Confined to the waters of Newport Bay and Pacific Coastal Waters within a radius of thirty (30) miles of Newport Jetty Light. This policy may be cancelled by the, Company or the Assured upon thirty (30) days written notice being given. If cancelled by the Company, written notice to the Assured at his last known address as well as payee, if any, will be deemed sufficient notice of cancellation. If cancelled by the Company, Pro Rata; if Assured, Short Rate Net. Attached to and made part of Policy 408977 of the Fireman's Fund Insurance Company, issued to: THE CITY OF NEWPORT BEACH. Endorsement #1 POLICY NUMBER 40897� INSURED EFFECTIVE 1 2 -20 -76 FIREMAN'S FUND INSURANCE COMPANY PRODUCER THIN AMERICAN INSURANCE COMPANY NATIONAL SURETY CORPORATION ASSOCIATED INDEMNITY CORPORATION COUNTERSIGNATURE OF AUTHORIZED 4MM Mgr. AMERICAN AUTOMOBILE INSURANCE COMPANY FIREMAN'S FUND INSURANCE COMPANY OF TEXAS PRESIDENT 180001 -1.W. SETS 40 Aifirritat1 buufifttfr i&ull (Qluuarl! 6z -1 (January 18, 1970) COLLISION CLAUSE AMENDMENT A June 4, 1970 To be attached to and form a part of Policy No. ....... 4Q .Q 97. ................. of ..... ............................... ......... Fireman's,_FUnd Inenrance ... �ORyP. unX ............................................... ............................... Insuring............. CktY.. mf.. Newp.= t.f tad4 ...................................................... ............................ .......................................................................................................................... ............................... It is understood and agreed that lines 187 through 193 of the attached clauses are hereby deleted and the following substituted: Provided that this clause shall in no case extend to any sum which the Assured or the Surety may become liable to pay or shall pay in consequence of, or with respect to: (a) removal or disposal of obstructions, wrecks or their cargoes under statutory powers or otherwise pursuant to law; (b) injury to real or personal property of every description; (c) the discharge, spillage, emission or leakage of oil, petroleum products, chemicals or other substances of any kind or description whatsoever; (d) cargo or other property on or the engagements of the Vessel; (e) loss of life, personal injury or illness. Provided further that exclusions (b) and (c) above shall not apply to injury to other vessels or property thereon except to the extent that such injury arises out of any action taken to avoid, minimize or remove any discharge, spillage, emission or leakage described in (c). For sale by Joseph Lazard, 12 John St., N. Y. 10033 End. #2. f Printed in U.S.A American Institute 87 B -46 S. R. & C. C. Endorsement (Hulls) N (Revised) ' September 8, 1959 To be attached to and form a part of Policy No40$a7.Z ..... _ .... _... of .$lr4wan`s. ZFund. InenrEAee .............. Insuring...MtY.....91 e.%.?P.grt.._ Beach ....................... .... .............. ............... ...................... . ............................................................ .............. ................................................ ­ In consideration of an additional premium as provided below, this insurance is extended to cover addition- al risks, from and after February 1, 1979 in accordance with the following clause:- "This insurance also covers damage to or destruction of the property insured directly caused by strikers, locked out workmen, or persons taking part in labor disturbances or riots or civil commotion or caused by vandalism, sabotage, or malicious mischief, but excluding civil war, revolution, rebellion or insurrection, or civil strife arising therefrom, and warranted free from any claim for delay, detention or loss of use, and free from all lose, damage or expense caused by any weapon of war employing atomic or nuclear fission and /or fusion or other reaction or radioactive force or matter. Notwithstanding the exclusions in the F. C. & S. Clause in the within policy 'vandalism,' 'sabotage,' and 'malicious mischief,' as used herein, shall be construed to include wilful or malicious physical in. jury to or destruction of the described property caused by acts committed by an agent of any Government, party or faction engaged in war, hostilities, or other warlike operations, provided such agent is acting secretly and not in connection with any operations of military or naval armed forces in the country where the described property is situated." Until further notice the Assured shall pay, for the additional protection afforded by the above clause, an additional premium of $24.00 percent. The Underwriters have the right nevertheless to change this rate at any time on 16 days written notice to the Assured; but the Assured shall have the option to cancel this endorsement as of the time when such change of rate would take effect, provided previous notice of such can- cellation be given to the Underwriters. The rate may be changed as above notwithstanding strikes, labor troubles or civil commotion, on board the vessel or elsewhere, may be threatened or actually exist either at the time when such notice is given or when it takes effect. All other terms and conditions remaining unchanged. CDated ......... FEbT118Yi!.... 20.r'...... 977 ..... ......................... Signed .. ntle�uxo aoaa2� I'riincJ in I'. ti,A. w In consideration of premium paid it is understsad and agreed that, subjeeli� to the terms and conditions of this poll ,F 'W'insurance also crnrors 'x;of or damage to the Vessel directly ca ernmental authorities _ for the public welfare to prevent c�414�tiq e a pollution hazy ;d, or threat . thereof, resulting directly from d the Vessel for which th *,Under writers are liable under this Policy,7pKided such act of goverment:402 authorities has not resulted from want of due diligence by the 7Asfured, the Owners, or Managers of th6_Vessel or any of them to prevent or mitigate such hazard or threat. Masters, Officers, Crew or Pilots are not to:be.00n- sidered-Owners within the meaing of this clause should they hold.71113413c"0 m the Vessel. All other terms and conditions remain unchanged. .POLICY NUMBER 408977 INSURED I City of Newport Beach EFFECTIVE • FIREMAN'S FUNH INSURANCE COMPANY PRODUCER THE AMERICAN INSURANCE COMPANY End. 4. NATIONAL SURETY CORPORATION ASSOCIATED INDEMNITY CORPORATION AMERICAN AUTOMOBILE INSURANCE COMPANY COUNTERSIGNATURE OF AUTHORIZED200M mgr, . ' PRESIDENT�i UqTl Xo !.v, o,t mr,.f r If. I -ma-ycn—D ... .. . a) of mq� r) 7 -� ac F - T. qv. 9715 Rjnj to to pq,!7'r 115� FX! brz 7 e, LID ll;: gfmeriean angtitute vull Claufuo (January 18, 1970) &y "Son Francisco" substituted for "New York" in Ime • To be attached to and form a part of Policy No._.. 40 ........... _ ..... —_of the_.__P.iseman's Fund Insurance The terms terms and conditions of the following clauses are to be regarded as substituted for those of the policy form to which they are attached, the latter being hereby waived, except provisions required by law to be inserted in the Policy. All captions are inserted only for purposes of reference and shall not be used to interpret the clauses to which they apply. ASSURED This Policy insures Of NEWPQzt_ qh ...,___ .__,_... ._._,....._�._....__.._..�... —_ .._..�._.. . ............ ... .............. ..... _.._.._._..__...__.hereinafter referred to as the Assured. 3 If claim is made under this Policy by anyone other than' the Owner of the Vessel, such person shall not be entitled to 4 recover to a greater extent than would the Owner, had claim been made by the Owner as an Assured named in this Policy. 6 Underwriters waive any right of subrogation against affiliated, subsidiary or interrelated companies of the Assured, 6 provided that such waiver shall not apply in the event of a collision between the Vessel and any vessel owned, demise 7 chartered or otherwise controlled by any of the aforesaid companies, or with respect to any loss, damage or expense against 8 which such companies are insured. 9 LOSS PAYEE Loss, if any, (excepting claims required to be paid to others under the Collision Liability clause), payable to_. 10 ._. .... . ---- Assured .._ 11 _..__..._..._._._... ._�._._._._— ._.._�_.._._..__.or order. 12 VESSEL as er form attached The Subject Matter of this insurance is the Vessel called the ......................... �?......_...._...._................_...._...._..._._...._. .._.__.._._..._......_._,.._.._ 13 or by whatsoever name or names the said Vessel is or shall be called, which for purposes of this insurance shall consist of and 14 be limited to her hull, launches, lifeboats, rafts, furniture, bunkers, stores, supplies, tackle, fittings, equipment, apparatus, 16 machinery, boilers, refrigerating machinery, insulation, motor generators and other electrical machinery. 16 In the event any equipment or apparatus not owned by the Assured is installed for use on board the Vessel and the 17 Assured has assumed responsibility therefor, it shall also be considered part of the Subject Matter and the aggregate value 18 thereof shall be included in the Agreed Value. 19 Notwithstanding the foregoing, cargo containers, barges and lighters shall not be considered a part of the Subject Matter 20 of this insurance. 21 DURATION OF RISK From the .. ..... 1st.._ ... .... _ day of_.FE+f+r+ ^ +?�+•z ..._.._.. 19 ...76...._..,.12.EQ1....Aii... Racil;ir-- Standard ......................time 22 to the ..... ._ .......... Apt- ....... _.... day of .... F0b� .._:—._19..1'7....... 12. 0.1 ...AM....Pa.cifie—St:andard .... _.._ ........... .... - ........... time. 23 Should the Vessel at the expiration of this Policy be at sea, or in distress, or at a port of refuge or of call, she shall, 24 provided previous notice be given to the Underwriters, be held covered at a pro rata monthly premium to her port of 26 destination. 26 In the event of payment by the Underwriters for Total Loss of the Vessel this Policy shall thereupon automatically 27 terminate. 28 AGREED VALUE The Vessel, for so much as concerns the Assured, by agreement between the Assured and the Underwriters in this Policy, 29 is and shall be valued at _ ...... _ ................_...._.AS..._ Rex— f4iID.... att3oh@ d.._....._._.........................................................._..._ ._._...._._....._..._.......... Dollars. 30 AMOUNT INSURED HEREUNDER .._. _._.......... — _....... Dollars. 31 DEDUCTIBLE Notwithstanding anything in this Policy to the contrary, there shall be deducted from the aggregate of all claims (includ- 32 ing claims under the Sue and Labor clause and claims under the Collision Liability clause) arising out of each separate 33 accident, the sum of $..._Per .Att. , unless the accident results in a Total Loss of the Vessel in which case this clause shall 34 not apply. A recovery from other interests, however, shall not operate to exclude claims under this Policy provided the 36 aggregate of such claims arising out of one separate accident if unreduced by such recovery exceeds that sum. For the 36 purpose of this clause each accident shall be treated separately, but it is agreed that (a) a sequence of damages arising from 37 the same accident shall be treated as due to that accident and (b) all heavy weather damage which occurs during a single 38 sea passage between two successive ports shall be treated as though due to one accident. 39 PREMIUM The Underwriters to be paid in consideration of this insurance _.__.. ac_.._.i —er form attmnhed ____.._.._...._...._..__......._. __.�_�....`.�...�__..__...� —._. Dollars being at the rate of ..... agreed.... . ..... ........................ per cent., 41 which premium shall be due on attachment. 42 RETURNS OF PREMIUM Pro rata daily net in the event of termination under the Change of Ownership clause; 44 Pro rata monthly net for each uneommenced month if it be mutually agreed to cancel this Poll 46 For each period of 30 consecutive days the Vessel may be laid up in port for account ssured, 46 �._._... cents per cent. net not under repair, or 47 cents per cent, net under repair; 48 provided always that: 49 (a) s Total Loss of the Vessel has rred during the currency of this Policy; 60 (b) in no case shall a ret ay -up be allowed when the Vessel is lying in exposed or unprotected waters or in any 61 location not a by the Underwriters; 62 (c) i ent of any amendment of the annual rate, the above rates of return shall be adjusted accordingly; 68 McLELLAND 2132 S.F. ($MEET 1) PRINTED IN U.S.A. salnH daam4ay -$aoj them aanepaoeag to uotlaela s;paanssy ail le olgsdsd laajta So ;esaluoe ou aq. noon • L81 to uotetegad yaps 8ut[ta; xo ' ;uaw ;q8� ;asa ;Boa ay; ut papteoad es algs6ed ail seleS pus a8aaaey Ieaaua0 News 991 ' amv aOV;IaAV 'IVtlaKaO •seal aq llvgs aaeagatgm ';oazagl saossal ao saaumo aql of painsay ay; Sq pawnssa A1111gteuodsaa Iunloaa4uoe ay; (Z) to Isnlsasdde ao quamdtnbe gans ;o aaumo aaam paanssy ay; ;t Sad 9ZI 6ZI pinom sxa ;tamaepun aq ; ;unoais agl (I) paaaxa;ou Italia wtala'Sltllgtsuodsaa pawnssa sail paanssy 114; 4o14m ao; pus lassaA £ZT at; pasoq no sea ao; polls;sut qnq paansey a44 Aq paumo ;ou sn;saadde ao quawdmbe o; a8awup ao ssol So quaea ag; ul ZZL •aco;;oq e,laseaA gill 8ut;atsd ao 8atdaaae So ;aadsaz u[ pamolle aq gave Sue at llags misla opt TZI •puno; ail a8smsp ou jt uaea OZI 'asodand tall to; Slle}eadsa paunaut Slgeuoayaz jt 'pled ail page eatpusa4a as ; ;s wo;;oq ail; 8ut1y8}e So asuadxa ally 611 'PIG ao; mau 'uot;enPap ;uotgtas algvAvd all llsgs aHsaaey avinaNasd pus 194aua0 BIT 'Avm aapun st lassaA at; altgm Sluo pamolly all 11lm aauaug ;utsat pun ue2e& saesa gatgm ut'salgdaa 08weAv LIT ;ea; of sdla4 tvta; ao; ao satsdaa a811aeAs ao; aaglous o ; ;god ago m&; lassaA Oil; So Iseowaa Sayssaaau aq; ao; 4191os paunaut 911 uagm;deaxa `malo pug saa5tjt0 'aalsvjq gill So oaugualutsw pun sa8sm ao; a8aaaey aglnatgaed at pamoll11 all lleys wtvlo DNI 911 • ;oaaayl *ud Aug ao saauumolls a11l Sq paaaeoa pouad agl ao; PIT :easuadxa Sutuum ao /pus ;gold ;o ssol ao /pus aol;aa;ap aoj eaSumvp So loadsaa ut sowed palgl utoti (Z) £iT !a8aaaey aolnatgtud ao Iuaaua0 ZIT ut pamolly aaagmaui m8a0 pug Sa90Ig0 Iaa;ss;q gill So oaaagalulsm pus ea8sm pus 'sagole Ilan; So ;aadsaz at (i) ITT :potaeoaaa ;unows Aug ao; aeogs (p) pus (q) at soaugmollu atq lsuts8v uaet8 all Ilays ltpaaa ana oil •lseoaddu ,saallam 6DI -aapun eql ;o gdt9oaz ae;js Solap 4noyltm paldaoas_ at aapual ay; papuoad pug uatlsq uaaq 8utABq saapual ;o ;mega 801 eq; so Alalos ;sol at aattl yens Iet; 4ualxa ay; o;_'aapga; v ;o oouggdaaov ay; pus aapua; o; suonvIteut ;o aausnsei LOT at; uaam4aq 4sol aiug io; 'Asp a ;o 'tied ao; aqua old ao Asp liege aoj 'paansut lunows aill uo utniim aad quea aad 901 Og ;o a;va 9q4 In apsm aq lists oauamolts us Isaalumaapull aql So IvAoadde ay; g ;tm aapua; v ;o amndaooa uodn ROT luaea gallm at 'lassaA gill ;o atadaa ay; aoj uattel all o; saapua; aatnbaz Sew ao saapaal aim Sulu sea ;taetaap to gilt (P) 60I paeodoad gug atadaa Aug tltm gotlaauuoa at o;aA So lg8u at; eAvq Ilete saallamaapull ail; (a) EOI (4gawaatnbaa walla& ZOI -aapua alit 11ltm eauulldmoo moo; 8utsus o2v&GA ail; ;o asuadxa Iguotltppe jen;av aq; ao; paanssy sip of apvw aq IOT of aousmolls) atsdaa to /pus 8uttoop 116; paoaoad llegs lassaA alit aaagm optaap M pallt;ua aq llvys saa41amaapull a4q (q) OOT :aatsap 0e Aaill jt 66 'aodaeans amo atatl ;uloddg Asia Aagq quill on'SoAine M aoud paalAps all Ilays sag ;tamaapua ail 'algae}lasad aaaym (s) 96 :pus 'saaltamaapall eql of uaet8 all ll11gs L6 ;oaaay4 set ou ;dmoad 'Sottod sty; aapun lumla v M asta aet8 pinoa yatym eaue"naao ao luapuas Alto ;o ;uaea ay; uI 96 (8N OISIAORd 'IVHaNlaW SKIV'ID •lassaA gill ut saaeys ploq Say; pinoys gg gaggle still ;o eutasam gill nigh& aaaum0 paaaptenoo aq of lou ale stolid ao mgaD 'eaaaytO 's.19469;q •magl ;o Aug 110 'lassaA 46 ail; So saassum ao saaum0 aq4 'paansey aql Aq aeu98t1 1p anp ;o lusm atoll pallnsaa quu Bull a8vw11p ao ssol tans papteoad E6 = stolid 110 maza 'saaatll0 16ae4BSIq So 00aa8t18ax Z6 .japan -away paanssy us ;ou gas saa,gsdaH ao /pus aaaaauayO tans popteoad 'saaatsdau ao /puv eseaagavttD ;o aoua2i .1 SaN1 T6 06 :gausSaeuoa pool Aug gltm ao 'seltsstm asltwts .to slatlow ';;aaoatn ylim louluoD 68 :lassaA paznent gill pasoq no loll saogaaaa ao suot4vllsgsut avalang 07 squaptaas 110 10 um0p3lsaall 88 !(;led aet;aa ;ap ail; Sutatudaa L8 so 8utoaldaa ;o asuadxa pus gsoa aql 8utpnloxa) 'Ilnq ao S.toutyesw oql at ;aa;ap lualsl Aug ao 'Bl ;vqs So ge'stjuaaq 98 'gaattoq ;o 8utleanq'o ;aaayl auot m Wale gay ;o to sao;vaaua8 aolom So mopKsaag gg tezagmasla ao paeogdtga uo suoteoldxa yg .suoMuod to suonpta8 '96sm 'stloop 8utena8 'stloop"p uo a1i4m ao 'Do ao uo 8uto8 ut n4uaplaay E8 :8utaatlunq ut to 'o8aua eutlpunq ao Sul8avgastp 'Bulpuol at sluoptaoy Zg :8ulm0110l 18 ot0 Ali posnva Allaaalp lassaA gill of 98autsp ao ;o ssol saaAoa osls aauoanout stq; ISatlod still So suotltpuoo aq4 0; taafgnS 08 (a a;IVxHDNII) Sglaad gYmox ctaV •uoaagg4 ;uamaeaopua Act ao Satlod aql ut a.tagmasla saoisteoad Ali popnlaxe ell Auto an allied 8uto8aao; aq4 ;o gans 'aaea -mot '8ugda0xa ' Aug ao e4; a8gwva ao 'unH ail oil amoo a0 aesy saunlaojsin 66 ;oaaagl laud lassaA ;o ;uamtalaa llsgs ;gy; pug Bassoll 'Billed still aaq ;o lls ;o pas eaaujauW pus aalsuW gill ;o Aa;suvg 'aaeaos S ;tlgab ao uolltpuoe 'uoilou lsgm So 8L LL Iseldood pus saautad 's8utg Ile ;o stuamutglaa pus slutvalsaH 'sisaaay 'eaS In s8uttlsy 'slesudang ';avR- aalunoD pun loon 96 So saal4a'l 'suostllgp 'saeatgl 8utllasey 'saaeOH 'sa4eald 'satmaua 'attenbygaua '8gtul118vl 'aal3 IavM- ;o -uajq ImS gilt So 9L Ban Sala '%amaeat64t uodu 44 pug agaq of palualuoa ass saagtamaapua a4t galgm sluad pug saan;uaApy 941 su44aoo1 4L 67ISad •peanssV Dill All EL oil pow2v age saaltamaepull ail; Sq paainboa mntmoad ingotgippe Sun pug aaeoa ;o swaal popuama Aug (q) pug 'paanssy aqq ZL Ali ;oaaogl 98paltAou3t ;o ldtaaaa 8utmollo; Alalutpamwt saa4umaapun gill o; uaet8 at gatlou (a) P9pteoa 'Hulltvs So alep ao TL 'satltetgaa aBselge so 881Rm0; 'Altlaaol 'epee; b8aaa o; in suoigtpuoe So tesaaq duo ;o asaa m paaaeoa pla11 81 lassaA 9111 DL •lassaA Bill So saaaalautO %qq ao 910813uslq gill 'saeumO ay; 'pamssV ayl Ali p98usaae 69 SlsnoWad govaluoo aapun soateaas 939A19e to a8smol gtlegaapun ao omw4sisae aapuaa lassaA aq; Neils zou '9auv;stsse ;o gg peou at uagm ao 6asmo4sno at an gdeoxe 'pamo; all qou Anut lassaA eq; 4ng 'seaa4stp ul ;;sea 110 819990A m04 pug ;stssa 0; Pus Lg edta4 total go o8 of Istoltd lnogltm Ao gltm ata8tevu ao live o; BAval 114W :Bapval pull saateaas Isuo1313200 118 uo pug 'saaeld 99 Us tat Isamu Ile in 'snooluod pus eaoatpta8 'sAvm no pug 'etoop Sulesae pug stlaop at 'gas In ao laod at 'aayo Sum quamAoldwa 29 ' so 'plusaa0 ;s polled gill 8uunp aanpua pas onatluoa hags on pun 'aeoqu on (lassaA gill uodn Dan ;uaeps aqq Hutuut8ag 49 allaisaAQV -pottage paaaptauoa all pegs mntmgad Image 11n; Satlod sill; So uott gut vug4 110 eg uoyullaouna Suv of aoud 8utaagaoo lassaA gill 10 89011 111401 ;o luaea ay; u; •alga6sd all lle4s u0141311900sa So guy; ay; oq do Z9 Poulos uaaq oAvq llsgs sit 'aaAamog 'mntmaad eql So uotuodoad gan6 •follo j stq; pale }lo8au oqm aat{oaq aql So aria at to esaapps ttmou$ teal at is paansey oql o;• quae oatlou atgdga8ala4 ao ,ualltae� _ 9vp OI uodn saagtamaapun gill Act pallaauua aq Ig 09 Sum Satlod slut 'agp uatm mntmazd teuotIlppo Aua ;o ao 'quamya11ile gal ;s aSup gg wntmaad ;o laawAed -u0u ;o ;uaea ul 65 xaimHHd 30 .LX31gAVJ-X0Ni •algataeoaaa at aanlaa a tai4m ao; Bap aet;naasuoa gg So polled gg alit polo eq uotldo egl aesq Italia paansey will 's6up aminaesuoa gg paevzo polled do -dal ail; �Inv4S -08 014 eagaq Maaat 8uigoMv 99 eSup a ;o laadsaa ut anp vanlaa aq; ;o uotlao old gans And llags saaltam L9 go sAvy ;o aagmnu agl g£ ;o pouad lln; - aapun agl 'Amoa stilt aapun sagasl ;a gattm ;o Aluo land s 'sAep aAi neasuoa OE do poad s ao; do Pea s lassaA Do d 99 1950 or with the Laws and Usages 96fibiportof San Francisco,Provided always tAVILen an adjustment according to the laws and usages of the port of de s£i properly demanded by the owners of, General Average shall be paid 128 accordingly. In the event of salvage, towage or other assistance being rendered to the Vessel by any vessel belonging in part or 1n 130 131 whole to the same Owners or Charterers, the value of such services (without regard to the common ownership or control of 132 the vessels) shall be ascertained by arbitration in the manner provided for under the Collision Liability clause in this Policy, 133 and the amount so awarded so far as applicable to the interest hereby insured shall constitute a charge under this Policy. 134 When the contributory 'value of the Vessel is greater than the Agreed Value herein, the liability of the Underwriters. 135 for General Average contribution (except in respect to amounts made good to the Vessel), or Salvage, shall not exceed that 136 proportion of the total contribution due from the Vessel which the amount insured hereunder bears to the contributory value; 137 and if, because of damage for which the Underwriters are liable as Particular Average, the value of the Vessel has been 138 reduced for the purpose of contribution, the amount of such Particular Average damage recoverable under this Policy shall 139 first be deducted from the amount insured hereunder, and the Underwriters shall then be liable only for the proportion 140 141 which such net amount bears to the contributory value. 175 TOTAL LOSS 176 There shall be no recovery for a constructive Total Loss hereunder unless the expense of recovering and repairing the 142 Vessel shall exceed the Agreed Value. In making this determination, only expenses incurred by reason of a single accident 143 or a sequence of damages arising from the same accident shall be taken into account. 179 In ascertaining whether the Vessel is a constructive Total Loss the Agreed Value shall be taken as the repaired value 145 and nothing in respect of the damaged or break -up value of the Vessel or wreck shall be taken into account. 146 In the event of Total Loss (actual or constructive), no claim to be made by the Underwriters for freight, whether notice 147 of abandonment has been given or not. 148 In no case shall the Underwriters be liable for unrepaired damage in addition to a subsequent Total Loss sustained during 149 the period covered by this Policy. 150 SUE AND LABOR 186 And in case of any Loss or Misfortune, It shall be lawful and necessary for the Assured, their Factors, Servants and 151 Assigns, to sue, labor and travel for, in, and about the defense, safeguard and recovery of the Vessel, or any part thereof without prejudice to this insurance, to the charges whereof the Underwriters will contribute their proportion as provide 152 158 below. And it is expressly declared and agreed that no acts of the Underwriters or Assured in recovering, saving or preserving 154 the Vessel shall be considered as a waiver or acceptance of abandonment. 155 In the event of expenditure under the Sue and Labor clause, the Underwriters shall pay the proportion of such expenses that the amount insured hereunder bears to the Agreed Value, or that the amount insured hereunder, less loss and /or damage 166 157 payable under this Policy, bears to the actual value of the salved property; whichever proportion shall be less. 158 If claim for Total Lose is admitted under this Policy and sue and labor expenses have been reasonably incurred in excess 159 of any proceeds realized or value recovered, the amount payable under this Policy will be the proportion of such excess that 160 the amount insured hereunder (without deduction for loss or damage) bears to the Agreed Value or to the sound value of 161 the Vessel at the time of the accident, whichever value was greater. The foregoing shall also apply to expenses reasonably 162 incurred in salving or attempting to salve the Vessel and other property to the extent that such expenses shall be regarded 163 as having been incurred in respect of the Vessel. 164 COLLISION LIABILITY And it is further agreed that: 165 (a) if the Vessel shall come into collision with any other ship or vessel, and the Assured or the Surety in consequence 166 of the Vessel being at fault shall become liable to pay and shall pay by way of damages to any other person or 167 persons any sum or sums in respect of such collision, the Underwriters will pay the Assured or the Surety, which- 168 ever shall have paid, such proportion of such sum or sums so paid as their respective subscriptions hereto bear 169 to the Agreed Value, provided always that their liability in respect to any one such collision shall not exceed their 170 proportionate part of the Agreed Value; 171 (b) in cases where, with the consent in writing of a majority (in amount) of Hull Underwriters, the liability of the Vessel 172 has been contested, or proceedings have been taken to limit liability, the Underwriters will also pay a like proportion 173 of the costs which the Assured shall thereby incur or be compelled to pay. 174 When both vessels are to blame, then, unless the liability of the owners or charterers of one or both such vessels 175 becomes limited by law, claims under the Collision Liability clause shall be settled on the principle of Cross- Liabilities 176 as if the owners or charterers of each vessel had been compelled to pay to the owners or charterers of the other 177 of such vessels such one -half or other proportion of the latter's damages as may have been properly allowed in 178 ascertaining the balance or sum payable by or to the Assured in consequence of such collision. 179 The principles involved in this clause shall apply to the case where both vessels are the property, in part or in whole, 180 of the same owners or charterers, all questions of responsibility and amount of liability as between the two vessels 181 being left to the decision of a single Arbitrator, if the parties can agree upon a single Arbitrator, or failing such 182 agreement, to the decision of Arbitrators, one to be appointed by the Assured and one to be appointed by the majority (in 183 amount) of Hull Underwriters interested; the two Arbitrators chosen to choose a third Arbitrator before entering upon the 184 reference, and the decision of such single Arbitrator, or of any two of such three Arbitrators, appointed as above, to be final 185 and binding. 186 Provided always that this clause shall in no case extend to any sum which the Assured or the Surety may become liable 187 to pay or shall pay in consequence of, or with respect to: 188 (a) removal or disposal of obstructions, wrecks or their cargoes under statutory powers or otherwise pursuant to law; 189 (b) injury or potential injury to real or personal property of every description, excepting other vessels or property 190 thereon; 191 (c) cargo or other property on or the engagements of the Vessel; 192 (d) loss of life, personal injury or illness. 193 PILOTAGE AND TOWAGE This insurance shall not be prejudiced by reason of any contract limiting in whole or in part the liability of pilots, tugs, 194 towboats, or their owners when the Assured or the agent of the Assured accepts such contract in accordance with established 195 local practice. 196 Where in accordance with such practice, pilotage or towage services are provided under contracts requiring the 197 Assured or the'agent of the Assured: 1 198 (a) to assume liability for damages resulting from collision of the Vessel insured with any other ship or vessel, in- 199 cluding the towing vessel, or 200 (b) to indemnify those providing the pilotage or towage services against loss or liability for any such damages, 201 it is agreed that amounts paid by the Assured or Surety pursuant to such assumed obligations shall be deemed payments 202 'by way of damages to any other neraon or persona^ and to have been paid "in consequence of the Vessel being at fault' 203 McLELLAND 2132 S.F. (SHEET 2) PRINTED IN U.S.A. •a0ao; ut sut masaopua vans altym Sluo pus gitmaaay) ina)steuoaut yam 111awaezop s smaal 1111) 6luo E9Z ;o Will Iualxa 943 01 me Aoge aql apasaadn9 limits luaw •Satlod Z8Z - asaopma gans 63113 1111 luamaeao a Sq paansm aal;eaaaq saw asuela 61113 Sq papntaxa sKetz zaylo zo 831e11 asm ;I 189 vamod a 4ltm uolletaossm un saaao; ate ao Samllltw 'Ieeeu 8ututel OR -u[em Sitaoylnw Sue sapnlaut „aaAod,, 'hgaaay pass sV •8utuuo;aad it 'utaaagl paeloem 100"A 9911311 Aug 'uo!s!llwa 6LZ a jo "93 aq) u te III '911 pauta3uo3 lassaA aq; gatgm eaaas zo a8s6oe aq) ;o aanlsu aq1 ;o luapuadaput et law gatgm 8LZ aamod 111aaa8tllaq a IsuteBu ao Sq law altlsoq 9 Sq Sllaaalp pasnaa ssalun uolsotdx9 zo Bail •aaylsam Seway •but LLZ - pwsals 20 yaa[go 81111111111 ao paxg Sue 113tm ao 'satpsstw awltmt9 zo sla31aoz 'l;waazlm 4IIm 43alnoa ao uotetlloa apnlaxe 9L9 of 31111 (e) gdita8sasdgns 91113 )nil (1111 AN asm ;o uot;wastaap m 114 999313 aayiaym) 9uotleaado a31tlaem 911 sal3ElllsoH (8) 9LZ JO :msttupuee ao 6139 sno1311SM tLZ 'zamod padanen AN Sasyttw •met t11t)aum 'sloe 'suotlomm03 Iteiw 'saaumgan)stp 9113163 ao 1sa I!Iod 'slnogaol 'aaHtalB (I) ELZ ao :6asatd ao •woa;aaagl 8utsue a;u49 lle13 ao 'uotlaaaaasut 'nottlagaa •notinlosaa 'asm IteIO (a) ZLZ 911 :aalisw 113 JO aaao; 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uoistlloO aql ;o 8utuaam oq4 utgllm i'oz ` PRODUCER'S,COOE NAME AND LOCATION *28 -04 209 430 MIWX & GARVEY : �• NECK, CA. OCEAN MARINE TERM POLICY 01 Coverage is provided in the Company designated by number, a stock insurance Company (herein called the Company) INSURED'S NAME AND ADDRESS (NO.. STREET, TOWN, COUNTY, STATE) e City of Newport Beach 3300 Newport Blvd* Newport Beach, Ca* 92660 2 -1 -75 2 -1 -76 R PREVIOUS POLICY NUMBER 408871 .w INCEPTION (MO. DAY YR.) EXPIRATION (MO. DAY YR.) (EEOINNINO AND SNOINC AT STANDARD TIME AT PLACE OF ISSUANCE) PR ` POLICY NUMBER 408947 01 FIREMAN'S FUND INSURANCE COMPANY 18 THE AMERICAN INSURANCE COMPANY Subject to the Clauses and Warranties as per Form Is) attached. NOTE: Insert Form Numbers) and Edition Date Is) American Institute Hull Clauses 1 -18 -70 American Institute Hull Clauses Collision Clause Amendment A 6 -4 -70 This Policy is made and accepted subject to the foregoing stipulations and conditions and to the conditions attached hereto which are hereby specially referred to and made part of this Policy, together with such other provisions, agreements or conditions as may be endorsed hereon or added hereto; and no officer, agent or other representative of this Company shall have power to waive or be deemed to have waived any provision or condition of this Policy unless such waiver, if any, shall be written upon or attached hereto, nor shall any privilege or permission affecting the insurance under this Policy exist or be claimed by the Insured unless so written or attached. Provision Required by Law to be Stated in this Policy — This Policy is issued by a Stock Corporation. IN WITNESS WHEREOF, this Company has executed and attested these presents, in the City of San Francisco, but this policy shall not be valid unless counler- signed by a duly authorized Agent of this Company. SECRETARY PRESIDENT PLACE AND DATE OF COUNTERSIGNATURE / COUNTER$) GNATU RE OF Y1UTi40M2E"",E m 1 -21 -75 ve Y' /\C1 r' ✓lwL /( //' 5870-8 -69 (SF) MILUM / GARVEY INSURANCE BROKERS, INC. 1617 Westcliff Drive, Suite 204 Newport Beach, California 92660 J ... 645-0800 T0: City of Newport Beach DATE: 3 -11 -75 3300 Newport Blvd. Newport Beach, Ca. 92660 SUWBCT:Yacht Policy 408947 Gentlemen: Enclosed please find an endorsement correcting the discription of vessel #1 and #4 and adding the 1974 17' Wriedt. The premium for adding the new boat is $97.00 and a statement is enclosed. Also I am returning your renewal policy and the correspondence that goes with it. If you have any questions please let us know. Yours v�er�2y, �truly, Kla- Nyberg Yachts 0 MILUM / GARVEY INSURANCE BROKERS, INC. 1617 Westcliff Drive, Suite 204 y Newport Beach, California 92660 645-0800 To- City of Newport Beach DATS:1 -27 -75 3300 Newport Blvd. Newport Beach, Ca. 92660 alw2Ms Yacht Policy 408947 Gentlemen: Enclosed please find your yacht renewal policy. The coverages and the premium remain the same as the previous policy and a statement is enclosed. If you have any questions please let us know. Yours very truly, Klara Nyberg Yachts l `t/ W In consideration of premise belev' 100, following vessel is added to the Rahedale of vessels on the within polio effestive as of inceptions Vessel Amount of Insurance Reglat#atiea Hodrstible n Premium Be Valued 1974 -171 Vriedt ;3,545.00 C 566624 250.00 1075 97.00 It -Is farther understood and agreed, effective as of tuseption, the following ameadments are made on the within polies As respects scheduled vessel #Is Registration nusiber ie emended to oP- 1023oze As respects sheduled vessel 0W. Tassel is a 1960 - 171 American Marc All other term and conditions remain unchanged. 408947 6M OF NEWPORT BEACH WPANY I. Uk THE AMERICAN INSURANCE COMPANY lQ• NATIONAL SURETY CORPORATION x� ASSOCIATED INDEMNITY CORPORATION - AMERICAN AUTOMOBILE INSURANCE COMPANY /� "/�y PRESIDENT - ...180008 -8 -63 SETS Bnd.dr► 30 9iubsd�2 9d1ra b9Dbii E3 IeEE-li -Jilvollcl 92{7 WOIO4 112U MS-;"- iU ii4t,", 29�:taRO^ nI :nc21g9nni 3o as 9vl109339 v_9i' -q 1r.4111r 9 1 R7 2l92aev mriple -11 91sm 9jdt1Jab9Q noi1821a3o9S, 5frc,Sll2i:i `r x9dC1U". .C91/IE9 Cif 'Ti- acer n:,.C? 'C.; 00.0 S viid2 oe.2a2.2 lb937w g22brofdc3 9d1 �nobgsonl ?o as 9v31:9329 .6c-97ga bas boolaxetnu =9d]iu3 at 1I :v:)3_`oa ntdltw 9d1 eo e-i'em 9x6 eln9mbasms ;'Xaf.�� e:i 01 b92�a9!.^.& a: +': �nn;r- Rnt1Rx323gas+ :I "-, I9229v ... _.•: %9'i ^7 . ^YJ ^"E?i Z -' .1_93asdonu ntsrg; aRo!lfllncz b::E amYt-j !IF d MW-7114 +13 YTI", Y8VAt CAMUII M Sae8u .ai 0 Ameefran Infititute 1$u11 Claufied • (January. 18, 1970) 6-Z `- "son Francisco" eob9iWted fo, "New Yo,k "'in 1140 To be attached to and form a part of Policy No._.. _._ _q§947 of the__. Fireman's Fund Insurance The terms and conditions of the following clauses are to be regarded as substituted for those of the policy form to which they are attached, the latter being hereby waived, except provisions required by law to be inserted in the Policy. All captions are inserted only for purposes of reference and shall not be used to interpret the clauses to which they apply. ASSURED This Policy insures The City of Newport Beach _�._ —__. ....... _— .....__...._— ,...._— ._.. —_. ... —_ .. .—_...__ ... _ ........ — ..... __--.__—,—.—__.__....—.__............ _ .... _ ........... ........__— _.._.— .hereinafter referred to as the Assured. 3 If claim is made under this Policy by anyone other than the Owner of the Vessel, such person shall not be entitled to 4 recover to a greater extent than would the Owner, had claim been made by the Owner as an Assured named in this Policy. 6 Underwriters waive any right of subrogation against affiliated, subsidiary or interrelated companies of the Assured, 6 provided that such waiver shall not apply in the event of a collision between the Vessel and any vessel owned, demise 7 chartered or otherwise controlled by any of the aforesaid companies, or with respect to any loss, damage or expense against 8 which such companies are insured. 9 LOSSPAYEE Loss, if any, (excepting claims required to be paid to others under the Collision Liability clause), payable to— 10 Assured ........_..—..—.. .......- --- ._.._..__.._._.._._— .... _..--'--- ­.-- --' - -. —. — .._ —or order. 12 VESSEL The Subject Matter of this insurance is the Vessel called the .............._8s Per form attached or by whatsoever name or names the said Vessel is or shall be called, which for purposes of this insurance shall consist of and 14 be limited to her hull, launches, lifeboats, rafts, furniture, bunkers, stores, supplies, tackle, fittings, equipment, apparatus, 16 machinery, boilers, refrigerating machinery, insulation, motor generators and other electrical machinery. 16 In the event any equipment or apparatus not owned by the Assured is installed for use on board the Vessel and the 17 Assured has assumed responsibility therefor, it shall also be considered part of the Subject Matter and the aggregate value 18 thereof shall be included in the Agreed Value. 19 Notwithstanding the foregoing, cargo containers, barges and lighters shall not be considered a part of the Subject Matter 20 of this insurance. 21 DURATIONOF R1 . day oL._.... —.. Y ...._...__19.................., ....1.2-:..._.._....._................_..._.........._...._.........._..._...__.._._......... ......._....................... time 22 to the 1st _.... day of......_Februa� . -19. 76 12:01 _AMPacific Standard time. ............................. ............ ................._..........._......... 23 Should the Vessel at the expiration of this Policy be at sea, or in distress, or at a port of refuge or of call, she shall, 24 provided previous notice be given to the Underwriters, be held covered at a pro rata monthly premium to her port of 26 destination. 26 In the event of payment by the Underwriters for Total Loss of the Vessel this Policy shall thereupon automatically 27 terminate. 28 AGREED VALUE The Vessel, for so much as concerns the Assured, by agreement between the Assured and the Underwriters in this Policy, 29 4._p er form attached, isand shall be valued at ...... . ... ..........._.__........_. .._._...................—..—.._............_.._........._...._......................_........_........._..._...._.... __...._..._....._...._..._..... Dollars. 30 AMOUNT INSURED HEREUNDER form attached. ...................._A .per .... _.— _._ ............... _—. .— .—__— '_.— ___.._.. Dollars. 31 DEDUCTIBLE Notwithstanding anything in this Policy to the contrary, there shall be deducted from the aggregate of all claims (includ- 32 ing claims under the Sue and Labor clause and claims under the Collision Liability clause) arising out of each separate 33 accident, the sum of $....Per _ Att. _ . unless the accident results in a Total Loss of the Vessel in which case this clause shall 34 not apply. A recovery from other interests, however, shall not operate to exclude claims under this Policy provided the 36 aggregate of such claims arising out of one separate accident if unreduced by such recovery exceeds that sum. For the 36 purpose of this clause each accident shall be treated separately, but it is agreed that (a) a sequence of damages arising from 37 the same accident shall be treated as due to that accident and (b) all heavy weather damage which occurs during a single 38 sea passage between two successive ports shall be treated as though due to one accident. 39 PREMIUM as per form attached The Underwriters to be paid in consideration of this insurance 40 Dollars being at the rate of ....._._ 8$.. r.. E g4._..._ ....................... per cent., 41 which premium shall be due on attachment. 42 RETURNS OF PREMIUM Pro rata daily net in the event of termination under the Change of Ownership clause; 44 Pro rata monthly net for each uncommenced month if it be mutually agreed to cancel this Polic 46 For each period of 30 consecutive days the Vessel may be laid up in port for account of or For 46 _._......._ cents per cent. net not under repair, or 47 cents per cent. net under repair; 48 provided always that: 49 (a) a Total Loss of the Vessel has not o uring the currency of this Policy; 60 (b) in no case shall a return f e allowed when the Vessel is lying in exposed or unprotected water, or in any 61 location not ap the Underwriters; 62 (c) in the any amendment of the annual rate, the above rates of return shall be adjusted accordingly; 63 PRINTED IN U.S.A McLELLAND 2192 B.F. (SHEET I) soing djam4uV -31aol g41m aaugpl000e a uOa4oala s,paanssy aq4 49 algnASd '4 tajae ;o 4oea4uoo ou aq aaagi ao uoislAoid gone 8utlts; ao '4uaut4gea ogj4uoa aql ua paptAOjd s9 algeSed ail �e19S puq 029deAV I9aaua0 .LZT • 9ZI $"J a umv 'd`JVI aAV 'IVII3N1d0 'seal aq Ilegs jaAogalgm ';oaaagl glossal ao saaumo a11l o; 991 paanssy aql Aq pannesu A1111%suodsoa pnnlo9xluoa eql (Z) jo'sn4sxsdds ao luamdmba gans ;o zaumo aiam paxnsey aql ;t bed YZI pmom sjaltamlapull aql lunome aq4 (T) paaaxa Sou llsgs mtsaa 'A411ig18aodwox pamnsse suq painsey a11l gotgm ao; pus IaesaA £ZI aql pjsoq no Ben jo; poll94sui anq pajnasy aql Sq paumo Sou gnlsjsdds jo luamdlnba Ol a8umnp jo ssol ;o 4uasw aql uI ZZi •mol4oq 8,19980A Bill Sutlutsd jo 8uldeaas ;o laadsoa u1 pamolis aq ague Sus at llsge maula ON TZT •puno; aq a8smep on ;4 uaAa OZT 'asodand 4s44 jo; Slluteadea pa anoua Slgsuoseaa 11 'pisd aq hugs Sm ovals jails m044oq aql Bu14g8te ;o aeuadxa ayy 6IT pio so; man 'not 4anpap anog4yi B14edsd aq 11sy9 aesiaAV xslnagasd pus Imaua0 SIT •Sum aapun gt IaesaA eq4 altgm Sluo pamoll9 aq Illm aousualulem pus sa8em sassa gaagm m 's.asdai a8sjaeg LTi 4sa4 of sdta4 Ieta4 20; 10 sxisdal 08waaes io; aayloue 04 laod one mox; lassaA aq; So Ise0m8l A198M9a 0114 JO; .halos paaanoul 91T uagm. ldaoxa 'maap pus saaoty0 'ialss;il aql aausgalulsm pus sa8em a0; a8elaey aslnollasd u1 pamolle aq 11sgs mtsla ON 911 •;oaja44 Bland Sus ao soausmo119 aql Aq paaaeoa pound aql ao; 6Ti leaeaadza 8utuanx ao /pug 4goad ;o esol xo /pas uo14ua4ap ao; ea8amsp ;o laadeal ut eacland pjlgl moa; (Z) £TT !a8e10eV aslno14asd ao 19181180 ZTT ut pamolis sjognam mw.tp pus sxaogi0 'aalsg;q oq4 ;o aousualulem pus sa8em pee 'saaols 'Ian; ;o loodeaa ut (I) ITT :pojaeoaaa lunome Aug ao; aeoge (p) pus (q) ut gaou9moiin aql 49uts89 uaAtB aq 11m[e lapaja an(i OTT •Iseoidds ,sialtam 60T - japull 9q4 ;o ldlooea sage Selap lnogalm paldoaas_st japual aq4 paPlAoid pus uagel uaaq 8uaeeq saepual ;o llnsal 80I aq4 so Slalos lsol at anal qons legl 4ua4xa aql ol_'aapual s ;o aousldaoas aql pus aapual of suotlullAut ;o oauunsoi LOT aql uaam4aq 4sol anti ao; 'Sep a ;o laud jo; else oxd jo Sep 4oae ao; 'paansut lunome aql no tummu aad quee and 901 0£ do 0491 aql 4g apom aq 11egs aousmolls no 'ual!amaapu11 01[4 10 Ieeojdde aql gltm aapual a ;o eaus4doaas uodn 90T 3uae9 gotgm ut 'IaesaA aq4 ;o aisdoa ago ao; uagul aq o4 saapu94 ajinbox Sum ao saepu94 agsl Sum saaltamaepua oql (p) fi0T 1paeodoad mail aisdaa Sun 114im uo14aauuoa as olaA ;o 4geaj aql aesq llsgs ejalaamjapuA aql (a) 801 ! 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(4a9d 8A1130;0p oq4 Smaludea Lg ao 8mosldej ;o asuadxa pas 4soo aql 8ulPnlaxa) 'Ilnq zo Aaauigaem eql ut 4oa;ap lualsl Sue jo 'el ;gqs ;o oBetleaiq 98 `azalaoq ;o 8a14eanq'o4aza11l suo14aauuoo anauloala pus Sxautyoaut Ieoaj4oaia aag4o 10 ajo4s1aua8 ao4om ;o nmopgeaag qg ! 9jagmasla jo pjeogdlgs no suoisoldEca yg !euoo;uod ao suoltpu8 Wsm'9iloop Suaeea8'e>toopSap no allgp an, ao no 8u1o8 ut sluopwoy £8 !eutlaqunq dt ao 'oeivo Butlpuvq jo Su12jegosip 'But vol at sluopaaoV yg :8ulmoll0; I8 Bq4 Sq posneo Alloaalp lassaA will o4 a8smep so ;o gaol saweoa outs aaasansut still 'Satiod at g4 So suotliPuOa aq4 o4 loaf S 08 (RHavi mi) S'Iltldd 7VNTOLLIQOV •uoajag4 luamosaopna Sq so Aoalod aql ua aaagmasla suotelAwd Aq papnloxa aq Sum on allied ButoBaxo; 9q; So gone Teel 6L -moq 'Sutldaoxa ';oajag4 land Sae 10 'IassaA 811l so asumg0 ao 4uamijla0 4xnH aql 04 amoa llegs ao aesq leg4 saunljo;st;Q 8L pas Base 01 'siajad BXit aaglo Its ;o pee saoutaspl pug jalge;q aql ;o Sj4e1j9g 'jaeaoe Slilsnb is uol4!Puoo 'notion 49q& ;o LL 'saadoad pus saoulij 's8ut% Its ;o sluamutsl a pun slutsaleag 'slea.uy 'gaS is s8upley 'elssudauS 'ajelq- aa4uno0 pus ljg;g 9L ;o sjaun 'suosmar 'saeam, eullisesy 'sjaeog 'oawatd 'salmoua 'ayenbglasS 18utu4g81Z 'ajid 'xsm- ;o -uaiq 'sneS aql do 9L aas Aag4 'eaelasmagl uodn a3i94 pug aaaq of pa4ualuoa lag sjallamaapull 944 gaigm 811aad pun sain4uaepy aq4 Butgonoy 4L 8'IImId •paanssy agl A11 £L o4 paea8s aas sja41xmjapu11 oq4 Aq peamba; utnimaxd leuot4iPPe Sus pus aaeoo ;o email Papuans Aug (q) pus 'pajnosV aql ZL Aq ;oaaag4 a8p9lmousi ;o adteoaa 8utmollo; AlalslPommi ejalljmaapull oql 04 aaA18 st aalloa (9) papteoj '811111112 ;o 94ep aO TL '20141A14a9 a8uelus ao 98smo4 'Algsool 'apaa4 'o8asa of as suolatpuoa ;o gosajq Sun J07 asga ut paxanoo pla11 et IassaA BtIS OL •IassaA eq4 ;o saaaa4jgg0 oql jo saaBsuvX oq4 'sioum0 aql 'paanssy 044 Sq paBusaju 69 Alsnoteaxd losaluoa japan MUM 98uAlgg 110 a89mo4 93Iulaepun x0 aous4sissu aopuaj IaesaA aql 11ggs 1ou 'aomnsissu So 89 Puna at uagm ao Sasuto4sna at on ldaoxa 'pamm4 aq lou Sum lassaA oq4 4nq 'ssailstp at 4 ;ejo jo slassaA mol pan laiseg 04 pee L9 sdlx4 Ista4 no o8 o4 'sloltd anoglim ao gltm alu8tesu ao lass of aeual glum !sapsxl pug saapua2 'sueissaao 1111 uo pus 'saoeld 99 119 ut'somtl lie In 4saoo4uod pas saoatptx$'sAsm uo pus'e3ioop 8u!A=3 pug saioop m 'was 4g jo laod m 'a9go Sum 4aautAoldma 49 on 'pteaeaoi� Poland oql 8ulxnp a.mpue pus anutluoa llsgs on pus 'aeoge 99 'lassaA aql uodn eanluaeps eql 8umua8ag y9 •pa11a9a paxapteuoa ail Ilsqe mnlmaxd [snnaa im; �tiod sigl ;o not4eu1uua4 ao gg uotlallaoaao Sun of xotjd 8alunoao IaesaA eq4 ;o seo� Ieloy ;o luaje aql aI •olquAs aq Ilegs uo14s1laouao ;o aun4 aql o4 do Z9 Pagano aaaq aesq hogs es 'aaeamog 'ntnmaid oq4 ;o uoilaodoad gong •,Cailo l sigl polstlo8au oqm aaaloaq eql ;o Base 111 10 T9 ssojpps among lssl s1q 49 pojnssy aql of lung eo14ou otgdsaBalal jo ua441am sAgp OI uodn sjalljmjapua e114 Aq pallaoueo aq 09 Alm Sailod sig4loop uagm mnimaid Ingot4iPPs Atxe ;o i0'4uamgoe449 Jel ;e s6sp Og mnlmaid ;o luamdsd -uou ;o luaAa uI 64 Malw3IId d0 .LMMILvd-NIONI •o14e.taeoaaj at ajn4aj s galym ao; s6sp oApnoasuoo gg ;o polxad 89 aq4 loala of uoildo ago aesq llsgs paanssy sq4 'sSup aminaasuoa OZ paaaxa poljad do -Aul aq4 pinogS '0£ of sasaq olaaag L9 8umasals s6sp ;o aagmnn eq4 se s 9p gg ;o pound 11n; s 10 4aadeaa.ul anp van4aa aq; ;o uolllo o:d yaps And 1leys eaaltam gg - japnll a114 'SOnod si114 japun sogoslas golgm ;o Aluo laud e'sSSp eAtInaasuoa 0£ So poljad a jo; do plel s1 IassaA aq4 dI 99 • • 'American Institute ' S. R.'& G C. Endorsiment (Hulls) September 8, 1959 go (Revised ) 40947 _ . 0 nce To be attached to and form a part of Policy No .............. .....__.... of ..........._....... �igmBII ._8.,,,FuIIa.....�R811l8. „...... Insuring........ g4y..._of._ Newport..._ Beach .................... _ ............. ...................... ....... _ ............. _ .................................................................... _ ....................................... _........... In consideration of an additional prej4u , as provided below, this insurance is extended to cover addition- al risks, from and after February . lYY in accordance with the following clause:- "This insurance also covers damage to or destruction of the property insured directly caused by strikers, locked out workmen, or persons taking part in labor disturbances or riots or civil commotions or caused by vandalism, sabotage, or malicious mischief, but excluding civil war, revolution, rebellion or insurrection, or civil strife arising therefrom, and warranted free from any claim for delay, detention or loss of use, and free from all loss, damage or expense caused by any weapon of war employing atomic or nuclear fission and /or fusion or other reaction or radioactive force or matter. Notwithstanding the exclusions in the F. C. & S. Clause in the within policy 'vandalism,' 'sabotage,' and 'malicious mischief,' as used herein, shall be construed to include wilful or malicious physical in. jury to or destruction of the described property caused by acts committed by an agent of any Government, party or faction engaged in war, hostilities, or other warlike operations, provided such agent is acting secretly and not in connection with any operations of military or naval armed forces in the country where the described property is situated.” Until further not Z'C¢ t Assured shall pay, for the additional protection afforded by the above clause, an additional premium of 04. a percent. The Underwriters have the right nevertheless to change this rate at any time on 15 days written notice to the Assured; but the Assured shall have the option to cancel this endorsement as of the time when such change of rate would take effect, provided previous notice of such can- cellation be given to the Underwriters. The rate may be changed as above notwithstanding strikes, labor troubles or civil commotions, on board the vessel or elsewhere, may be threatened or actually exist either at the time when such notice is given or when it takes effect. All other terms and conditions remaining unchanged. 1 -21 -75 Signed End. 3, MCLELLIHD 9033 Pnf .Iid i,. t -S.A. i i Aturriratt Ituditutr igtnll Llanrir3 (January 18, 1970) COLLISION CLAUSE AMENDMENT A June 4, 1970 To be attached to and farm a part of Policy No. ....408947 ................... ........... Fireman's Fund Insurance Company ...................... Insuring ............ CUY...o.#...NeWarX.. Beach . ........................... 6Z -1 ......... of ..... ............................... It is understood and agreed that lines 187 through 193 of the attached clauses are hereby deleted and the following substituted: Provided that this clause shall in no case extend to any sum which the Assured or the Surety may become liable to pay or shall pay in consequence of, or with respect to: (a) removal or disposal of obstructions, wrecks or their cargoes under statutory powers or otherwise pursuant to law; (b) injury to real or personal property of every description; (c) the discharge, spillage, emission or leakage of oil, petroleum products, chemicals or other substances of any kind or description whatsoever; (d) cargo or other property on or the engagements of the Vessel; (e) loss of life, personal injury or illness. Provided further that exclusions (b) and (c) above shall not apply to injury to other vessels or property thereon except to the extent that such iniury arises out of any action taken to avoid, minimize or remove any discharge, spillage, emission or leakage described in (c). c End. 2. For sale 4r Joscph Larard, 11 John St.. S. Y. 10039 Printed in U.S.A T' $ 831.00 As a matter of convenience, one policy is issued to cover such vessel or vessels as may be scheduled or endorsed hereon, but as a matter of construction, each vessel is to be deemed a separate interest, separatelyinsured in all respects as if a separate policy for the amount set opposite the name of each vessel were issued upon her and the policy is to be read and applied accordingly. The insurance on one vessel is not applicable to any other. The amount of insurance on each vessel is the limit of coverage on her. NAVIGATION WARRANTY: Confined to the waters of Newport Bay and Pacific Coastal Waters within a radius of thirty (30) miles of Newport Jetty Light. This policy may be cancelled by the Company or the Assured upon thirty (30) days written notice being given. If cancelled by the Company, written notice to the Assured as his last known address as well as payee, if any, will be deemed sufficient notice of cancellation. If cancelled by the Company, Pro Rata; if Assured, Short Rate Net. Attached to and made part of Policy #408947 of the Fireman's Fund Insurance Company, issued to: The City of Newport Beach. POLICY NUMBER 408947 Amount of EFFECTIVE FIREMAN'S FUND INSURANCE COMPANY PRODUCER THE AMERICAN INSURANCE COMPANY Schedple of Insurance., Registration ASSOCIATED INDEMNITY CORPORATION COUNTERSIGNATURE OF AUTHORIZED AGENT AMERICAN INSURANCE COMPANY vessels So Valued Number Deductible Rate Premium 1. 1958 281 C� Dorris $25,000.00 CF0230# $500.00 1.75 $438.00 2. 1966 261 Chris Craft $13,000.00 CF0432MC $500.00 1.75 $227.00 3. 1969 201 Skipjack $ 7,000.00 CF0596XC $250.00 1.75 $122.00 4. 1960 171 ; Inspect {on $ 2,500.00 CFO599XC $100.00 1.75 $ 44.00 kl. ,Wrz. Aha4c.. $ 831.00 As a matter of convenience, one policy is issued to cover such vessel or vessels as may be scheduled or endorsed hereon, but as a matter of construction, each vessel is to be deemed a separate interest, separatelyinsured in all respects as if a separate policy for the amount set opposite the name of each vessel were issued upon her and the policy is to be read and applied accordingly. The insurance on one vessel is not applicable to any other. The amount of insurance on each vessel is the limit of coverage on her. NAVIGATION WARRANTY: Confined to the waters of Newport Bay and Pacific Coastal Waters within a radius of thirty (30) miles of Newport Jetty Light. This policy may be cancelled by the Company or the Assured upon thirty (30) days written notice being given. If cancelled by the Company, written notice to the Assured as his last known address as well as payee, if any, will be deemed sufficient notice of cancellation. If cancelled by the Company, Pro Rata; if Assured, Short Rate Net. Attached to and made part of Policy #408947 of the Fireman's Fund Insurance Company, issued to: The City of Newport Beach. POLICY NUMBER 408947 INSURED EFFECTIVE FIREMAN'S FUND INSURANCE COMPANY PRODUCER THE AMERICAN INSURANCE COMPANY End. R. NATIONAL SURETY CORPORATION ASSOCIATED INDEMNITY CORPORATION COUNTERSIGNATURE OF AUTHORIZED AGENT AMERICAN INSURANCE COMPANY i'AUTOMOBILE �'�{/��" PRESIDENT 180001 -1 -85 SETS. .. _. Y (.e.. 140 no. 300, 0013V _& .. Sri,.: .. 07.'_. N4 within the meaning of the C214dj& Liability clause in this Policy to the t t such ed payments would have been covered 205 if the Vessel had been legal ] sible in the absence of any agreemee n always that in no event shall the 206 aggregate amount of liabilitIENWe Underwriters under the Collision Liamwause, including this clause, be greater 207 than the amount of any statutory limitation of liability to which owners are entitled or would be entitled if liability under 208 any contractual obligation referred to in this clause were included among the liabilities subject to such statutory limitations. CHANGE OF OWNERSHIP 209 In the event of any change, voluntary or otherwise, in the ownership or flag of the Vessel, or if the Vessel be placed 210 under new management, or be chartered on a bareboat basis or requisitioned on that basis, or if the Classification Society 211 of the Vessel or her class therein be changed, cancelled or withdrawn, then, unless the Underwriters agree thereto in writing, 212 this Policy shall automatically terminate at the time of such change of ownership, flag, management, charter, requisition or 213 classification; provided, however, that: 214 (a) if the Vessel has cargo on board and has already sailed from her loading port, or is at sea in ballast, such 215 automatic termination shall, if required, be deferred until arrival at final port of discharge if with cargo, or at port of 216 destination if in ballast; 217 (b) in the event of an involuntary temporary transfer by requisition or otherwise, without the prior execution of 218 a written agreement by the Assured, such automatic termination shall occur fifteen days after such transfer. 219 This insurance shall not inure to the benefit of any transferee or charterer of the Vessel and, if a loss payable hereunder 220 should occur between the time of change or transfer and any deferred automatic termination, the Underwriters shall be sub - 221 rogated to all of the rights'of the Assured against the transferee or charterer in respect of all or part of such loss as is 222 recoverable from the transferee or charterer, and in the proportion which the amount insured hereunder bears to the 223 Agreed Value. 224 The term "new management" as used above refers only to the transfer of the management of the Vessel from one firm or 225 corporation to another, and it shall not apply to any internal changes within the offices of the Assured. ADDITIONAL INSURANCES 226 It is a condition of this Policy that no additional insurance against the risk of Total Loss of the Vessel shall be effected 227 to operate during the currency of this Policy by or for account of the Assured, Owners, Managers, Operators or Mortgagees 228 except on the interests and up to the amounts enumerated in the following Sections (a) to (g), inclusive, and no such in. 229 surance shall be subject to P.P.I., F.I.A. or other like term on any interests whatever excepting those enumerated in Section 230 (a); provided always and notwithstanding the limitation on recovery in the Assured clause a breach of this condition shall 231 not afford the Underwriters any defense to a claim by a Mortgagee who has accepted this Policy without knowledge of such 232 breach: 233 (a) DISBURSEMENTS, MANAGERS' COMMISSIONS, PROFITS OR EXCESS OR INCREASED VALUE OF HULL 234 AND MACHINERY, AND /OR SIMILAR INTERESTS HOWEVER DESCRIBED, AND FREIGHT (INCLUDING 235 CHARTERED FREIGHT OR ANTICIPATED FREIGHT) INSURED FOR TIME. An amount not exceeding in the 236 aggregate 25% of the Agreed Value. 237 (b) FREIGHT OR HIRE, UNDER CONTRACTS FOR VOYAGE. An amount not exceeding the gross freight or hire 238 for the current cargo passage and next succeeding cargo passage (such insurance to include, if required, a pre - 239 liminary and an intermediate ballast passage) plus the charges of insurance. In the case of a voyage charter 240 where payment is made on a time basis, the amount shall be calculated on the estimated duration of the voyage, 241 subject to the limitation of two cargo passages as laid down herein. Any amount permitted under this Section 242 shall be reduced, as the freight or hire is earned, by the gross amount so earned. Any freight or hire to be earned 243 under the form of Charters described in (d) below shall not be permitted under this Section (b) if any part thereof is 244 insured as permitted under said Section (d). 245 (c) ANTICIPATED FREIGHT IF THE VESSEL SAILS IN BALLAST AND NOT UNDER CHARTER. An amount not 246 exceeding the anticipated gross freight on next cargo passage, such amount to be reasonably estimated on the basis 247 of the current rate of freight at time of insurance, plus the charges of insurance. Provided, however, that no insur- 248 ance shall be permitted by this Section if any insurance is effected as permitted under Section (b). 249 (d) TIME CHARTER HIRE OR CHARTER HIRE FOR SERIES OF VOYAGES. An amount not exceeding 60% of 250 the gross hire which is to be earned under the charter in a period not exceeding 16 months. Any amount permitted 261 under this Section shall be reduced as the hire is earned under the charter by 60% of the gross amount so earned 252 but, where the charter is for a period exceeding 18 months, the amount insured need not be reduced while it does 263 not exceed 50% of the gross hire still to be earned under the charter. An insurance permitted by this Section may 254 begin on the signing of the charter. 266 (e) PREMIUMS. An amount not exceeding the actual premiums of all interest insured for a period not exceeding 12 256 months (excluding premiums insured as permitted under the foregoing Sections but including, if required, the 257 premium or estimated calls on any Protection and Indemnity or War Risks and Strikes insurance) reducing pro 258 rata monthly. 259 (f) RETURNS OF PREMIUM. An amount not exceeding the actual returns which are recoverable subject to "and 260 arrival" or equivalent provision under any policy of insurance. 261 (g) INSURANCE IRRESPECTIVE OF AMOUNT AGAINST: —Risks excluded by the War, Strikes and Related Exclu- 262 sions clause; risks enumerated in the American Institute War Risks and Strikes Clauses; and General Average and 263 Salvage Disbursements. WAR, STRIXES AND RELATED EXCLUSIONS 264 The following conditions shall be paramount and shall supersede and nullify any contrary provisions of the Policy. 265 This Policy does not cover any loss, damage or expense caused by, resulting from, or incurred as a consequence of: 266 (a) Capture, seizure, arrest, restraint or detainment, or any attempt thereat; or 267 (b) Any taking of the Vessel, by requisition or otherwise, whether in time of peace or war and whether lawful or 268 otherwise; or 269 (c) Any mine, bomb or torpedo not carried as cargo on board the Vessel; or 270 (d) Any weapon of war employing atomic or nuclear fission and /or fusion or other like reaction or radioactive force or 271 matter; or 272 (e) Civil war, revolution, rebellion, insurrection, or civil strife arising therefrom, or piracy; or 273 (f) Strikes, lockouts, political or labor disturbances, civil commotion, riots, martial law, military or usurped power, 274 malicious acts or vandalism; or 275 (g) Hostilities or warlike operations (whether there be a declaration of war or not) but this subparagraph (g) not to 276 exclude collision or contact with aircraft, rockets or similar missiles, or with any fixed or floating obiect, or strand - 277 ing, heavy weather, fire or explosion unless caused directly by a hostile act by or against a belligerent power 278 which act is independent of the nature of the voyage or service which the Vessel concerned or, in the case of a 279 collision, any other vessel Involved therein, is performing. As need herein, "power" includes any authority main - 280 taining naval, military or air forces in association with a power. 281 If war risks or other risks excluded by this clause are hereafter insured by endorsement on this Policy, such endorse - 282 meet shall supersede the above condition only to the extent that the terms of such endorsement are inconsistent therewith 283 _and only while,auch endorsement remains in force. 'v a n N1 o3imud (Z 133Hg)'A a ZEIZ nNV1l3l�W 909 , jIns; 4e sutaq tass8A 0111 ;o 00 w„ ptsd uaaq aesq q pus „suosaad a aag;o Aug 01, sa9swsp ;o Sam 4%; , ZOZ a ;uaua6sd pawaap aq ljage suo11 wnssa Bons of ;uunsmd AloanS ao paatt� Aq pled'slunowu 1ag1 paoa8s at 11 TOZ 'sasewvp gans Aug ao; A4!I!gall an ssol 4smusu saateaas a8smo; an a2tgopd aql sutpteoad osogl A ;tuwaput q (q) 009 ao 'lassaA sutmo; aql sutpnle 66I -u! 'lassaA an di gs aag4o Sus gytm pament lassaA 0111 ;o sotsFRoo woa; 8alllneai easswap ao; S1![l48I1 awnsss o1 (a) 86T :paanssy ail; ;o lusss.agl ao paanssy L6T all; suutnbai 94avaluoi aapun papteoad aas seateaas assmg ao aselolid 'aogosad qans gltm aauepa000e ut aaagl& 96T •a0nasad Ivaol 96T pagstjgqse tp m aauspaoaas w lawluoa qans s4d000v paanssy aql ;o 4ua2s aq4 ao paanssy oql uagm saaumo itagl ao's;vogmq Vol 'ssnl 'sloltd ;o A41l!gatl aq4 lard ut an alogm u! eugtwtl lea4uoo Sua ;o uoeaaa Sq paetpn[aid aq lou jjsge aeueansut st4,L HOtlAAO.L axV 30v,b0'11d E61 •ssaull! an Ainfut Isuosaad 'a;tl ;o soot (p) 961 :lassaA aq4 ;o sluawasasua aql an no Slaadoad aaglo ao osava (e) 161 :uoaaaq; 061 Slaadoad an slassaA aaglo sugdaaxa 'uollduasap Saaea ;o Alaadoad lsuosaad an Ieaa q 6antu.t lallualod ao Aintut (q) 68T :&sl g 4usnsind astmaaglo ao saamod Aaoln4uls aapun soo8asa atag4 an saloax& Isuonanilsgo ;o Issodsip an lseowaa (8) 881 :ol loodsaa qyt& ao ' ;o aauanbasuoa ut And [legs ao And q L81 al4all awoaaq Anna AloanS agl ao paanssy aq4 gotgm wns Sus q puo4xa save ou u! IIvgs asnVI3 at 18111 s,ismla papteoad 981 •2ulpulq pug 981 Ivug aq o; 'aeogs so palutoddv 'sao4sa41Qay aaa44 qons ;o oml Sus ;o ao 'agsaltgay al8uts guns ;o uotsloap aq4 pus 'aauaaa ;ea 68l a44 uodn 2ulaa4uo aao;aq ao;sallgay pa144 v asooga g uasoga saojvallgay o&1 aq; !palsaaalut saaltamaapufl ling ;o (4unows £81 m) 6luofew aq1 Sq palulodda aq g ou; pus paanssy aq1 Aq pa4ulodds aq ul auo 'saolvaltgxy ;o uotstaap aql g 'juawaaa2n Est qans Ituilte; 10 'ao;sajjgay al8uts a uodn aaa8s ma, sagaad oql ,g ao4saligay al8uts v ;o uotstaap a41 of l ;al 8utaq TST slassaA o&1 aq4 uaamlaq an A4!I14atl ;o lunows pun Ai!I!q!suodsaa ;o suonsonb 11a 'saaaalas4a ao saaumo emus 044 ;o 081 'alogm ut ao laud ut 'Aliadoad aql aas slassaA g4oq aaagm asea aq4 q Aldds llags asnule stgl ul pael0AU! saldloulad aqy UT •uolstlloa qans ;o aauanbasuoa ut paanssy ay4 of ao Sq alquAud tons ao aauulvq aq1 2mu!s4xaass ELI w pamo11a Ajaadoad uaaq aesq Saw se sa8ewep s,aa44el a44 ;o uotaodoad aa410 an ;lsq -auo gans slassaA qans ;o LLT aaglo aql ;o saaaasga ao saau &o aq4 of And of palladwoa uaaq peq lassaA gaga ;o saaaalauga xo saaumo aql ;! se 9LT sat ;!l!getZ - g ssoao ;o oldlautad aql uo panlas aq llags asnata A ;!Ilgvl l uotslxloD a44 aapun swlvla 'mul Aq pal!wtl sawoaaq 9LT slassae gans g4oq ao auo ;o saaaalasga ao saaumo aql ;o Al!I!ga!1 aq4 ssalun 'uagl 'awslq o1 aae slassaA gloq uagiy 6LT •Sad g palladwoa aq an inaut Sqaaaql llvgs paanssy aql gatq& slsoa aq; ;o ELI uotaodoad aalll s And onto II!& saallamiapufl aq; 'AI!I!gaq llwtl 04 uaKal uaaq ane4 s8utpaaeoad ao 'palsaluoa uaaq aaq ELI lassaA aq4 So Alll!getl ag4'saalu&aapua ling ;o ( ;unowe ul) Allaofsw a ;o 8u!lu& ut ;uasuoa aql y41m'aaaq& sasne ut (q) ILT :anlsA paaa8y agl ;o laud aluuogiodoad OLT aaaq; paaaxa lou llvgs uotsilloa qans sun Sun 04 laadsaa w A4!ligatl nagl leg[ sfu &Iv papteoad 'anleA paaa8y oql of 691 aaaq o4aaag su014duesgns ant ;aadsaa atagl as pled on owns ao wns qans ;o uot4lodoad qans 'pled aesq [lags asea 891 -galgm 'A4aanS a44 ao paanssy a41 And Ili& saalu&aopufl ag4 'uotsll[oa qans ;o laadsaa ut suns ao tuns Sun suosaad LgI ao uosaad aaglo Sue g sa8ewep ;o Sum Aq And Ilsgs pun And o4 olgetl awoaaq llegs 41nu; 4e 8utaq lassaA aq; ;o 991 aauanbasuoa ut A;ainS aq; an paanssy 9q; pug 'lassaA ao digs aaglo Sus q;t& uotstlloa olut awoe jlegs lassaA oq4 dl (a) 99T :4agl paaa8v aaglan; at 11 puy Add'IIaM NOIS111I03 691 •lassaA aq4 10 laadsaa ut paaanau! uaaq 8ulee4 se COT papaesaa aq llvgs sasuadxa qans 4ag4 lua4xa aq; of Slaadoad aaglo pun lassaA 0114 aA1ss 01 8undwalln ao sulelss u! paaanau! ZIT Algsuosvaa sasuadxa o4 Aldde note Ilegs 8ul08aao; ally •aa4vaas sum anise aaeagelgm 14uaplaas a111 ;o awl i aql 4a lassaA all; 191 do anivA punos aq4 g an anivA paaa8y 8114 04 sauaq (a8awvp ao ssol ao; uotlanpop 4nog;l&) aapunaaaq paansut 4unows oq4 o9T lagl ssaaxa qans ;o uogaodoad aql aq Illm Aallod x144 aapun 9lgsAsd 4unowu aq4 'paaaeoeaa anise ao paztlsaa spaaeoid Aug ;o 69T ssaaxa m paaanaut Algeuoseaa uaaq aesq sasuadxa aogvl pun ens pus Sagod stg4 aapun palltwpu at ssoj jvlgL ao; w!sIa dI 891 •ssal aq ltvgs uotliodoid iaeagatq& !Alaadoad paelas aql ;o anlsA joules 9q4 04 sasaq 'Saljo I stgl aapun algeAed L9I asewap ao /pus $901 ssal'aapunaaaq paansut 4unowe aq4 4agl an 'anlsA paaa8y a44 of savaq aapunaaaq paansut lunowu a44 4sg1 991 sasuadxa gans ;o uogaodoadd aql And Ilvgs saalta&aapufj aq1 'asnela aogwj pus anS oql aapun aanl!puadxa 10 luaea aql ul ggl yuawuopuuge ;o eauv4daeae an aaets& a so paaaplsuoa aq Ilags lassaA aq; 6gT suteaasaad ao SmAus 'sutaaeoaaa ui paanssy ao saallamaapufl aq4 ;o sloe ou 1sq; paaa8e pus paaelaap Slssaadxa at ;! puy •molaq 891 p4lAoad sv uogaodoad atagl a4nglaluoa Illm saa;la&aapufl aql ;oaaagm sa8asgo oql q 'aewansm slgl of owputead ;n0gyt& ZgT ' ;ooxag4 laid Au8 ao 'lassaA aql ;6 A18AOeaa pun paun8a ;ss 'asue;ap oql 4nogs pug 'ut 'a0; laesa4 pus aogsl Ions of 'su2lssy I9T pus sluseaaS 'saolova ataq; 'paanssy aql ao; Aasssaaau pus In;&al aq [lags 11 'aunlio;st;Q an ssoZ Asa ;o asse m puy aoavri axv afls 09T •Aatlog stgl Sq paiaeoa potaad oql 66I Eutinp poulvlsns ssorl leloL luanbasgns s o; uotltppe ut asuwvp poatudoaun ao; algetl aq sea ;tamaapufl aql Ilags asse ou ul 86I 'jou so uaet9 uaaq seq luawuopuvgv ;o LVT aol4ou aaglaq& '4g3laa; ao; saalta&aapufl aql Aq spew aq q wtslo ou '(aenonalsuoo ao Isnlos) sso'l 19401 do luaea aq4 ul pill •4unooea qut uaalvl aq Ilags alaaa& ao lassaA 8114 ;o suIsA dn- alsaaq an paeswsp aq4 ;o 4aadsaa ul sutglou pus 96T snivA paatsdai aq; so ua4vj aq Ilvgs anivA p99a8y 8111 sso l 18401 aenanalsuoa s st IassaA 044 aagjagc sututulaaoso ul *+•T • ;unoaas o4ut ua3Is4 aq Ilvgs 4ueptaav awes aq4 woa; sutsuv se2umvp ;o aouanbas a ao Sri ;uaptaav al8uts s ;o uosuai Aq paianom sasuadxa Aluo 'u0nvutwaa4ap stgl sutxuw ul •anivA paaa8y aq4 paaaxa llugs IassaA Z6T 9q4 S mnedaa pus sutaaeooaa ;o asuadsa aql ssalun aapunaaaq sso•l Ivl6L ae14analsuoo 8 ao; AlaA03ai ou aq Ilags aaagL ssoz 'IV10L I6l •anlvA Saolnq!aluoa oq4 o4 saeaq 4unowu lau Bons galgm 06T uogaodoad aql ao; Aluo algall aq uagl Ilegs sea ;la&aapua aq4 pus 'aapunaaaq paansut 4un0wg aq4 woa; pa4anpap aq isat; 6ET Ilvgs da11oa stgl aapun algsaaeoaaa asvwvp assaaey avjnanasd Bens ;o lunows sq4 'uognq!i4uoa ;o asodand aq1 ao; paanpaa EST uaaq seq IassaA aq4 ;o anivA 0q1 'a8gaaey aslnanasd so algvll aas saal!amaapufl aq1 gotgm a0; a8umvp ;o asneaaq ' ;t pun LET :anise Saoingtaluoa aq4 of savaq aapunaaaq paansut lunowv aq; gatgm IassaA a44 woa; sup uonnqu4uoa 1s4o4 aq1 ;o uonaodoad 9ET 1vg4 paaaxa lou Ilggs'as9AINS ao'(IassaA aq4 g pons apses s4unowv q laadsai ut 4daaxa) uonnq!a4uo3 assaaey lezauag ao; SET •saa;umaapua aq; ;o S4gtgall all; 'utaaaq anfuA paaa8y aql ue41 agsaas st lassaA aq1 ;o anise. Saoingta;uoa aql uagtA 6ET 'Aatlog s!q4 aapun asagga s a ;n4nsuoa hags paansut Sgaa9q lsaaalut aq4 of algvatldde so ae; os papmme os ;unowe agl pun SET 'Aatlod stgl ul asnela Allltqul'I uotstpop aq; aapun 10; papteoad iauugw oql m uonsa4!gau Sq pamnliaosv aq Ilegs (slassaA aq; EST So loiluoa ao dtgsaaumo eowwoa a44 04 paaaa 4nogllm) saateaas qans ;o anisA aql 'saaaalango ao saaumo emus a44 of aloget T81 ul ao laud ut 8ut8uolaq lassaA Aug Aq lassaA 9111 01 paaapuaa 8utaq oauvystssu aaglo ao a2vmo4 'a8aelgs ;0 luaea aql ul OCT •Alsmpaoa0a 6gT plod aq llvgs asvaaey juaauao 'osaua aql ;o saaumo aql Aq papuswap Slaadoad at u014aul 4sap ;o liod ayl ;o sa$vsn -pus smal SET oql of sutpaoaas 1uaw4sn[pe us uagm jug[ sSsmle p0ple0ad•00steuyag unS ;olaod aq; do sa8gsfl pun s%&u l all; ql!m a0 06T ' MILUM / GARVEY INSURANCE BROKERS, INC. 1617 Westcliff Drive, Suite 204 Newport Beach, California 92660 645.0800 T0: City of Newport Beach DATE: 3 -18 -75 3300 Newport Blvd. Newport Beach, Ca. 92660 SUBJECT: Yacht Policy 408947 Gentlemen: Enclosed please find endorsement #5 adding the deliberate damage clause (Pollution Tazard). There is no charge for this. If you have any questions please let us know. Yours very truly, Tara Nyberg Yachts enc. In consideration of premium paid it is understood and agreed thats swbj00t to the terms and conditions of this Policy, this insurance also covers lgaMa --- of or damage to the Vessel directly caused by governmental authorities for the public welfare to prevent or mitigate a pollution hazard* os thraa£ thereof, resulting directly from damage to the Vessel for which tiy0Under- writers are liable under this Policy* provided such act of governmental au- thorities has not resulted from want of due diligence by the Assurad, the Owneras or Managers of the Vessel or any of them to prevent or mitigate such such hazard or threat. Masters* Officeras Crew or Pilots are not to be con- sidered Owners within the meaning of this clause should they hold shares in the Vessel. All other terms and conditions remain unchanged. 40g94f' CITY OF HEWPOBT BEACH 2 -1 -75 FIREMAN'S FUND INSURANCE COMPANY PRODUCER IZA THE AMERICAN INSURANCE COMPANY NATIONAL SURETY CORPORATION MILVH /=VEY ": Bad. #5 - lc. ASSOCIATED INDEMNITY CORPORATION AMERICAN AUTOMOBILE INSURANCE COMPANY COUNTERSIGNATURE OF AUTilOR6ED rPRESIDENT I BOOO -6 =SS SETS 4't.iau' .. f.= "... .. LO 23s•09 Cain Ir Mnli Iz-ja bfjb2-vo,--if: Pd n.z", ic—i fiL, -?wIj biuona aeoBlo- -.If:j eH, f 'u*I,-: t-113 VA P 0 % ill IT lip, 7 lot In consideration of an additional. ��um of $361.00 (being $348.00 for hull iiwrance and $13.00 d. #4)9 it is hereby understood and agreed that the expiration date of the 4ithin policy is extended to February 1, 1975., 1 INSURED EFFECTIVE OF NEfiPORT BEACH 4 -25 -74 FIREMAN'S FUND INSURANCE COMPANY'.. c_¢ PRODUCER THE AMERICAN INSURANCE COMPANY KIM AND GA$V$Y Hnd. #S NATIONAL SURETY CORPORATION 1 1C. ASSOCIATED INDEMNITY CORPORATION r: r:`' _ 7< . .e `x'A5 AMERICAN AUTOMOBILE INSURANCE COMPANY --��.'i<: COUNTER/�GNAT�UvRE OFp�UTHOR/IJ PRESIDENT 180009 --6 -63 SETS 7< . .e `x'A5 / 0 /insurance tors MILUM /GARVEY September 27, 1973 1617 WESTCLIFF DRIVE / SUITE 204 / NEWPORT 714/645 -0800 CITY OF NEWPORT BEACH 3300 Newport Boulevard Newport Beach, California 92660 Attn: Judy L. Kelsey, Administrative Assistant n- Dear-Miss Kelsey: Enclosed please find the Marine policy we issued for the City covering the four boats the City owns. This policy is strictly for Hull insurance and the limits and deductibles are spelled out on Endorsement #1 of the. policy. `My review of the policy reflects that it was issued as quoted with the coverages you and I discussed but I would appreciate your checking it carefully and letting me know if you have any questions. Very truly yours, y ROBERT B. MILUM MILUM /CARVEY INSURANCE BROKERS enclosure RBM /vn 92660 /insurance brokers, inc. MILUM /GARVEY 1617 WESTCLIFF DRIVE / SUITE 204 / NEWPORT BEACH, CALIFORNIA 92660 714/645.0800 December 10, 1973 City of Newport Beach 3300 Newport Blvd. Newport Beach, California 92660 Re: Yacht Insurance Gentlemen: Enclosed please find an endorsement increasing the navigation radius to thirty miles. There is no charge for this. Also enclosed is an endorsement adding in vandalism and malicious damage to the vessels insured. There is a charge of $24.00 for this endorsement and a statement is enclosed for your review. If you have any questions concerning this please let us know. Yours very truly, t Klara Nyberg Milum /Garvey Insurance Brokers, Inc. Enc. OCEAN MARINE TERM POLICY Y FIREMAN'S FUND AMERICAN AeIRARG[ CDMPAN [5 N.. a OFFICe: SAN FRANCISCO CA1}FORNI/. FIREMAN'S FUND INSURANCE COMPANY THE AMERICAN INSURANCE COMPANY NATIONAL SURETY CORPORATION ASSOCIATED INDEMNITY CORPORATION AMERICAN AUTOMOBILE INSURANCE COMPANY DI ADDUION i0 OVEN I5G SEBVtCE .111M CLALV —S OFFICES TO SERVE YO(Ji A_ T!OM1Q±=._._. Ec 1 FORMS OF 14SUII ANCE WRITTEN CF,,C HA 't LN V a-ENT OF LOSS OE DAMAGE. - - In:mediateIy Nodiy Tka, A, ant WiIo Issued This Policy or The Yeaxest Branch Office -oi this Company, in Ma;or Cities "ted Below: -- - ALEUQUER: QE '- - HARTFORD - -- NEWARK SAUNT LOUTS ATLANTA -: HONOLULU NFW ORLEANS SALT LAKE CITY BALTIMORftE.:. HOUSTON - - NEW YCRK, - SAN ANTONIO - SOSTON. . INDIANAPOLIS OAKLAND SAN DIEGO _ 'BLIFFAL�O_- ;,JACKSON OKLAHCMIA CITY SAN FERNA.NDO _ - CHICAGO KANSAS CITY P:i1LA0ELPHIA _ SAN FRANCiSCO CINCINNATI -- LITTLE ROCK PHOENIX SAN JOSE CLEVELAND LONG ISLAND PI- ,SSURGH SAN JUAN DALLAS LDS ANGELES PCRTI -AZ%I0 SANTA. ANA. DENVER LOUISVILLE RENO Sc.ATTL.E DES MOINES - LUESOCK R!CHPACND TAMPA DETRCi, MILWAUKEE RIVERSIDE' - - ',VASHINGTON D. C. FRESNO MINNEAPOLIS ROCKFC•RD VvHITE PLAINS G 7, EENSSOiR0 NASHVILLE SACK %MENTC DI ADDUION i0 OVEN I5G SEBVtCE .111M CLALV —S OFFICES TO SERVE YO(Ji A_ T!OM1Q±=._._. Ec 1 FORMS OF 14SUII ANCE WRITTEN CF,,C HA 't PRODUCER'S CODE NAME AND LOCATION ^PREVIOUS POLICY NUMBER LSA 28 -04 209 430 Mil umy New ' Newport, Ca. '' ^^ OCEAN . MARINE :TERM POLICY ham`... .� Coverage is provided in the Company deli noted by number, Q.,.. a stock inwranu Company (herein called Ilse Company( INSUREDS NAME AND ADDREMe IRO.. STstare.TOWN, cOUNTY, STATE) � IS City. of Newport Mich 3300 Newport Blvd Newport Beach, Ca .92660 L J 9 -1 -74 O._ ' INCEPTION (YO. DAY YR.) YEARS EXPIRATION (MO. DAY YR.) (OBOINNINa AND ENDING .T STANDARD TIMM AT .LACE OF ISSUANCE) VV POLICY NUMBER 408871 01 FIREMAN'S FUND INSURANCE. COMPANY 18 THE AMERICAN INSURANCE COMPANY 07 NATIONAL SURETY CORPORATION PREMIUM S .831. Subject to the Clauses and Warranties as per Form (s) attached. NOTE: Insert Form Number ls) and Edition Date (s). American Institute Huil claupes 1- 18171q�,r- American Institute Null C1aFiees Collision Clause Amendment A 6 -4 -70. This 'Policy is made and accepted subject to the foregoing stipulations and conditions and to -the conditions attached hereto which are hereby specially referrad.to and made port of thh'Policy, together with such other provisions, agreements ercmi&ns as may be endorsed hereon or added hereto; and ( no officer, agent or other representative of this Company shall have power to waive or be deemed, Ab M1ore waived any provision or condition of this Polity unless such waiver, if any, shall be written upon or oMached hereto, nor shall any privilege w permission affecting the insurance under this Policy exist or be claimed by the Insured unless .so written or attached. Provision Required by Low to be Stated in this Policy — Thu Policy is issued bye $tads CoTpoTafion, IN WITNESS WHEREOF, this Company has executed and attested these prasems; in''Ae City of Sari: Francisco, but this policy shall not be valid unless covnter- signed by the duly authorized Agent of this Company at the agency hereinbefure mentioned. .il46RCT'ARY " PRESIDENT 9 -17 -73 ve ��� �i_- -- ��� �i_- d* Amrrirttu Ittatitutr mull Tlau3rs (January 18, 1970) COLLISION CLAUSE AMENDMENT A June 4, 1970 6Z -1 It is understood and agreed that lines 187 through 193 of the attached clauses are hereby deleted and the following substituted: Provided that this clause shall in no case extend to any sum which the Assured or the Surety may become liable to pay or shall pay in consequence of, or with respect to: (a) removal or disposal of obstructions, wrecks or their cargoes under statutory powers or otherwise pursuant to law; (b) injury to real or personal property of every description; (c) the discharge, spillage, emission or leakage of oil, petroleum products, chemicals or other substances of any kind or description whatsoever; (d) cargo or other property on or the engagements of the Vessel; (e) loss of life, personal injury or illness. Provided further that exclusions (b) and (c) above shall not apply to injury to other vessels or property thereon except to the extent that such injury arises out of any action taken to avoid, minimize or remove any discharge, spillage, emission or leakage described in (c). End. #2. For sale by Joseph Lazard, 11 John St., S. Y. 10033 Printed in USA American Institute 87 B -96 S; R. & Q C. Endorsement (Hulls) (Revised) September 8, 1959 To be attached to and form a part of Policy No .... AqWL ,. „__,,,, op FiiemSa.. 8F1ndIn61I8nCe _.._ ..,, „ .............. Insuring ...r ty.... of.... Rmpox. t..B. OaCb . ...................... ....................... ..................................................... _......_..................................... ..... ........................... ............................... In consideration of an additional premium, as provided below, this insurance is extended to cover addition- al risks, from and after November 9, 1973 in accordance with the following clause:- "This insurance also covers damage to or destruction of the property insured directly caused by strikers, locked out workmen, or persons taking part in labor disturbances or riots or civil commotion or caused by vandalism, sabotage, or malicious mischief, but excluding civil war, revolution, rebellion or insurrection, or civil strife arising therefrom, and warranted free from any claim for delay, detention or loss of use, and free from all loss, damage or expense caused by any weapon of war employing atomic or nuclear fission and /or fusion or other reaction or radioactive force or matter. Notwithstanding the exclusions in the F. C. & S. Clause in the within policy 'vandalism,' 'sabotage,' and 'malicious mischief,' as used herein, shall be construed to include wilful or malicious physical in- jury to or destruction of the described property caused by acts committed by an agent of any Government, party or faction engaged in war, hostilities, or other warlike operations, provided such agent is acting secretly and not in connection with any operations of military or naval armed forces in the country where the described property is situated.” Until further notice the Assured shall pay, for the additional protection afforded by the above clause, an additional premium of $24.00 >faommk The Underwriters have the right nevertheless to change this rate at any time on 15 days written notice to the Assured; but the Assured shall have the option to cancel this endorsement as of the time when such change of rate would take effect, provided previous notice of such can- cellation be given to the Underwriters. The rate may be changed as above notwithstanding strikes, labor troubles or civil commotions, on board the vessel or elsewhere, may be threatened or actually exist either at the time when such notice is given or when it takes effect. End. #4 All other terms and conditions remaining unchanged. JiDated ....... ._Deeember 3,...._ 1973........_.. ..- ............................ Signed ........ ..._............ . .. . . . . . ...................... _ ............... . . . ........... MCLLLLCD 302. Pflla,d in V,S.A. DLO• -}'�: A. .. _. '.�- ,mwew,.. °,i�x �� '.._:- _.�'KSJY�.. �.y : ....,,... .Ott::.. _.. P7S�: �� � VG. ... .., .. J..'. '_. �r •-+= ;'�. .. ,. . I In consideration of premium charW.,it eby understood and agreed that effective November 90 1973 th tion. Warranty of the within Ia amended to reads Confined to the waters of Nevpq%4 Bay and Pee fic Coastal Waters within a radius of thirty (30) miles of'- Newport Jetty Z&As: All other termsd �saitions remain slow + 408871 FIRE SHE INSURED CITY OF NEWPORT.BEACH > RasnRANC,E coMPAm _ � . NATIONAL SURETY CORPOMI LC• ASSOCIATED INDEMNITY CORPO! AMERICAN AUpTTOMOOBILE INSURANCE EFFECTIVE 9 -1 -73 PRODUCER JYx,.-f $831.00 As a matter of convenience, one policy is issued to cover such vessel or vessels as may be scheduled or endorsed hereon, but as a matter of construction, each vessel is to be deemed a separate interest, separately insured in all respects as if a separate policy for the amount set opposite the name of each vessel were .issued upon her and the policy is to be read and applied accordingly. The insurance on one vessel is not applicable to any other. The amount of insurance on each vessel is the limit of coverage on her. NAVIGATION WARRANTY: Confined to the waters of Newport Bay and Pacific Coastal Waters within a radius of five (5) miles of Newport Jetty Light. This policy may be cancelled by the Company or the Assured upon thirty (30) days written notice being given. If cancelled by the Company, written notice to the Assured at his last known address as well as payee, if arty, will be deemed sufficient notice of cancellation. If cancelled bythe Company, Pro Rata; if Assured, Short Rate Net. Attached to and made part of Policy 41408871 of the Fireman's Fund Insurance Company, issued to: The City of Newport Beach. Fireman's Fund Insurance Company Amount of Schedule of Insurance: Registration Vessels so Valued Number Deductible Rate Premium 1. 1958 28' Doris $25,000.00 CF023XCC $500.00 1.75 $438.00 2. 1966 26' Chris Craft $13,000.00 CF0432XC $500.00 1.75 $227.00 3. 1969 20' Skipjack $ 7,000.00 CF0596XC $250.00 1.75 $122.00 4. 1960 17' Inspection $ 2,500.00 CF0599XC $100.00 1.75 $ 44.00" $831.00 As a matter of convenience, one policy is issued to cover such vessel or vessels as may be scheduled or endorsed hereon, but as a matter of construction, each vessel is to be deemed a separate interest, separately insured in all respects as if a separate policy for the amount set opposite the name of each vessel were .issued upon her and the policy is to be read and applied accordingly. The insurance on one vessel is not applicable to any other. The amount of insurance on each vessel is the limit of coverage on her. NAVIGATION WARRANTY: Confined to the waters of Newport Bay and Pacific Coastal Waters within a radius of five (5) miles of Newport Jetty Light. This policy may be cancelled by the Company or the Assured upon thirty (30) days written notice being given. If cancelled by the Company, written notice to the Assured at his last known address as well as payee, if arty, will be deemed sufficient notice of cancellation. If cancelled bythe Company, Pro Rata; if Assured, Short Rate Net. Attached to and made part of Policy 41408871 of the Fireman's Fund Insurance Company, issued to: The City of Newport Beach. Fireman's Fund Insurance Company Xflnetfean (January 1e 970 atlau (January 18, 1970) (1-y "Son Francisco" sobsfWled for "New York" in Ii. of To be attached to and form a part of Policy No._.._408871 _....of the ._...... Fireman FS Fund rnstn'ance ComQany __ The terms and conditions of the following clauses are to be regarded as substituted for those of the policy form to which they are attached, the latter being hereby waived, except provisions required by law to be inserted in the Policy. All captions are inserted only for purposes of reference and shall not be used to interpret the clauses to which they apply. ASSURED This Policy insures .... — .... _. The City of Newport Beach, _._...._.— ._— ._.._...._..— ... .... ---..--..._._......_._..._.___._....— _._..__....__...- -- ..— ..._.__._ ..__..—.._....__._ ................. __..........__._—..._.,—_..__.._...__.................... ....................- ........._ ...._..........._...hereinafter referred to as the Assured. 8 If claim is made under this Policy by anyone other than the Owner of the Vessel, such person shall not be entitled to 4 recover to a greater extent than would the Owner, had claim been made by the Owner as an Assured named in this Policy. 6 Underwriters waive any right of subrogation against affiliated, subsidiary or interrelated companies of the Assured, 6 provided that such waiver shall not apply in the event of a collision between the Vessel and any vessel owned, demise 7 chartered or otherwise controlled by any of the aforesaid companies, or with respect to any loss, damage or expense against 8 which such companies are insured. 9 LOSS PAYEE Loss, if any, (excepting claims required to be paid to others under the Collision Liability clause), payable to_____.__.. 10 Assured ......... —.. ........... - -- .. .... __. ......... ... — ..... — _.—._.—.........._..__...._._...—_._—_—... ._..---- -- -- ._.— .._— ..— ..__._or order. 12 VESSEL The Subject Matter of this insurance is the Vessel called the ..... AS....per form attached ......._...._...._ ......................_..........._..._.r*a_._.._...... ..- ai...._.........._..__.._..— 13 or by whatsoever name or names the said Vessel is or shell be called, which for purposes of this insurance shall consist oY and 14 be limited to her hull, launches, lifeboats, rafts, furniture, bunkers, stores, supplies, tackle, fittings, equipment, apparatus, 16 machinery, boilers, refrigerating machinery, insulation, motor generators and other electrical machinery. 16 In the event any equipment or apparatus not owned by the Assured is installed for use on board the Vessel and the 17 Assured has assumed responsibility therefor, it shall also be considered part of the Subject Matter and the aggregate value 16 thereof shall be included in the Agreed Value. 19 Notwithstanding the foregoing, cargo containers, barges and lighters shall not be considered a part of the Subject Matter 20 of this insurance. 21 DURATION OF RISK From the ..... ._1.e..t._ .......... _ day of_8e-Ptei beX .............19 ........ _ ... _ ........... ......... ................. time 22 to the .................. 1st ........... _.._ day .1.4.,., Noon >....Pac.ific.._. Standard ........ _.._ .... _ .......... ....... ................. time. 23 Should the Vessel at the expiration of this Policy be at sea, or in distress, or at a port of refuge or of call, she shall, 24 provided previous notice be given to the Underwriters, be held covered at a pro rata monthly premium to her port of 26 destination. 26 In the event of payment by the Underwriters for Total Loss of the Vessel this Policy shall thereupon automatically 27 terminate. 28 AGREED VALUE The Vessel, for so much as concerns the Assured, by agreement between the Assured and the Underwriters in this Policy, 29 As fo attached. isand shall be valued at ... . ...............__..._ p._......er ...........rm ....................._.........__..._...._................_.........._...._.... ................................ _ .............. . .... _ ..... ..... _ .._..........._ ......... Dollars. 30 AMOUNT INSURED BEREUNDFA Per form attached, _ ................. _.._.._ .......... ... ........ .... ............._.. ._. .._..._....._.._..__..._....._. _. _._...... ,t....._.— .--'--...._........_. .... Dollars. 31 DEDUCTIBLE Notwithstanding anything in this Policy to the contrary, there shall be deducted from the aggregate of all claims (includ- 32 ing claims under the Sue and Labor clause and claims under the Collision Liability clause) arising out of each separate 33 accident, the sum of $.T.er .... attaChed unless the accident results in a Total Loss of the Vessel in which case this clause shall 34 not apply. A recovery from other interests, however, shall not operate to exclude claims under this Policy provided the 36 aggregate of such claims arising out of one separate accident if unreduced by such recovery exceeds that sum. For the 36 purpose of this clause each accident shall be treated separately, but it is agreed that (a) a sequence of damages arising from 37 the same accident shall be treated as due to that accident and (b) all heavy weather damage which occurs during a single 38 sea passage between two successive ports shall be treated as though due to one accident. 39 PREMIUM The Underwriters to be paid in consideration of this insurance .....__ ... Qer__ 307M att8Cllgd_.._...._..._ . ....................... .._.................... Dollars being at the rate of ..... _ ....... agreed ............................. per cent., 41 which premium shall be due on attachment. 42 RETURNS OF PREMIUM Pro rata daily net in the event of termination under the Change of Ownership clause; 44 Pro rata monthly net for each uncommenced month if it be mutually agreed to cancel this Polic • 46 For each period of 30 consecutive days the Vessel may be laid up in port for account o sured, 46 _ .......................... cents per cent. net not under repair, or 47 _....._ ............... cents per cent. net under repair; 48 provided always that: 49 (a) a Total Loss of the Vessel has not uring the currency of this Policy; 60 (b) in no case shall a return - p be allowed when the Vessel is lying in exposed or unprotected waters or in any 61 location not a y the Underwriters; 62 (c) in th o any amendment of the annual rate, the above rates of return shall be adjusted accordingly; 63 McLELLAND 2132 S.F. (SHEET 1) PRINTED IN U.S.A 66 If the Vessel is laid up for aWr1@&of 30 consecutive days, a part only oftaches under this Policy, the Under 66 writers shall pay such pro portio eturn due in respect of a full period s as the number of days attaching 67 hereto bears to 30. Should the 131INWriod exceed 30 consecutive days, the X11!r shall have the option to elect the 68 period of 30 consecutive days for *rreb a return is recoverable. NON - PAYMENT OF PREMIUM 69 In event of non - payment of premium 30 days after attachment, or of any additional premium when due, this Policy may 60 be cancelled by the Underwriters upon 10 days written or telegraphic notice sent to the Assured at his last known address 61 or in care of the broker who negotiated this Policy. Such proportion of the premium, however, as shall have been earned 62 up to the time of cancellation shall be payable. In the event of Total Loss of the Vessel occurring prior to any cancellation 63 or termination of this Policy full annual premium shall be considered earned. ADVENTURE .. 64 Beginning the adventure upon the Vessel, as above, and so shall continue and endure during the period aforesaid, as 66 employment may offer, in port or at sea, in docks and graving docks, and on ways, Odirons and pontoons, at all times, in all 66 places, and on all occasions, services and trades; with leave to sail or navigate with or without pilots, to go on trial trips 67 and to assist and tow vessels or craft in distress, but the Vessel may not be towed, except as is customary or when in need 68 of assistance, nor shall the Vessel render assistance or undertake towage or salvage services under contract previously 69 arranged by the Assured, the Owners, the Managers or the Charterers of the Vessel. 70 The Vessel is held covered in case of any breach of conditions as to cargo, trade, locality, towage or salvage activities, 71 or date of as .ling, provided (a) notice is given to the Underwriters immediately following receipt of knowledge thereof by 72 the Assured, and (b) any amended terms of cover and any additional premium required by the Underwriters are agreed to 73 by the Assured. PERILS 74 Touching the Adventures and Perils which the Underwriters are contented to bear and take upon themselves, they are 76 of the Seas, Men -of -War, Fire, Lightning, Earthquake, Enemies, Pirates, Rovers, Assailing Thieves, Jettisons, Letters of 76 Mart and Counter -Mart, Surprisals, Takings at Sea, Arrests, Restraints and Detainments of all Sings, Princes and Peoples, 77 of what nation, condition or quality soever, Barratry of the Master and Mariners and of all other like Perils, Losses and 78 Misfortunes that have or shall come to the Hurt, Detriment or Damage of the Vessel, or any part thereof, excepting, how - 79 ever, such of the foregoing perils as may be excluded by provisions elsewhere in the Policy or by endorsement thereon. ADDITIONAL PERILS (INCHMAREE) 80 Subject to the conditions of this Policy, this insurance also covers lose of or damage to the Vessel directly caused by the 81 following: 92 Accidents in loading, discharging or handling cargo, or in bunkering; 83 Accidents in going on or off, or while on drydocks, graving docks, ways, gridirons or pontoons; 84 Explosions on shipboard or elsewhere; 86 Breakdown of motor generators or other electrical machinery and electrical connections thereto, bursting of boilers, 86 breakage of shafts, or any latent defect in the machinery or hull, (excluding the cost and expense of replacing or 87 repairing the defective part); 88 Breakdown of or accidents to nuclear installations or reactors not on board the insured Vessel; 89 Contact with aircraft, rockets or similar missiles, or with any land conveyance; 90 Negligence of Charterers and /or Repairers, provided such Charterers and /or Repairers are not an Assured here - 91 under; 92 Negligence of Masters, Officers, Crew or Pilots; 93 provided such loss or damage has not resulted from want of due diligence by the Assured, the Owners or Managers of the 94 Vessel, or any of them. Masters, Officers, Crew or Pilots are not to be considered Owners within the meaning of this clause 96 should they hold shares in the Vessel. CLAIMS (GENERAL PROVISIONS) 96 In the event of any accident or occurrence which could give rise to a claim under this Policy, prompt notice thereof 97 shall be given to the Underwriters, and: 98 (a) where practicable, the Underwriters shall be advised prior to survey, so that they may appoint their own surveyor, 99 if they so desire; loo (b) the Underwriters shall be entitled to decide where the Vessel shall proceed for docking and /or repair (allowance to 101 be made to the Assured for the actual additional expense of the voyage arising from compliance with the Under - 102 writers' requirement); 103 (c) the Underwriters shall have the right of veto in connection with any repair firm, proposed; 104 (d) the Underwriters may take tenders or may require tenders to be taken for the repair-of the Vessel, in which event, 106 upon acceptance of a tender with the approval of the Underwriters, an allowance shall be made at the rate of 30 106 per cent, per annum on the amount insured, for each day or pro rata for part of a day, for time lost between the 107 issuance of invitations to tender and the acceptance of a tender, to the extent that such time is lost solely as the 108 result of tenders having been taken and provided the tender is accepted without delay after receipt of the Under - 109 writers' approval. 110 Due credit shall be given against the allowances in (b) and (d) above for any amount recovered: 111 (1) in respect of fuel, stores, and wages and maintenance of the Master, Officers and Crew members allowed in 112 General or Particular Average; 113 (2) from third parties in respect of damages for detention and /or loss of proflt and /or running expenses; 114 for the period covered by the allowances or any parts thereof. 116 No claim shall be allowed in Particular Average for wages and maintenance of the Master, Officers and Crew, except when 116 incurred solely for the necessary removal of the vessel from one port to another for average repairs or for trial trips to test 117 average repairs, in which cases wages and maintenance will be allowed only while the vessel is under way. 118 General and Particular Average shall be payable without deduction, new for old. 119 The expense of sighting the bottom after stranding shall be paid, if reasonably incurred especially for that purpose, 120 even if no damage be found. 121 No claim shall in any case be allowed in respect of scraping or painting the Vessel's bottom. 122 In the event of loss or damage to equipment or apparatus not owned by the Assured but installed for use on board the 123 Vessel and for which the Assured has assumed responsibility, claim shall not exceed (1) the amount the Underwriters would 124 pay if the Assured were owner of such equipment or apparatus, or (2) the contractual responsibility assumed by the Assured 126 to the owners or lessors thereof, whichever shall be less. GENERAL AVERAGE AND SALVAGE 126 General Average and Salvage shall be payable as provided in the contract of affreightment, or failing such provision or 127 there be no contract of affreightment, payable at the Assured's election either in accordance with York - Antwerp Rules j950 or with the Laws and Usages o ortof San Francisco.Provided always th an adjustment according to the 128 laws and usages of the port of des properly demanded by the owners of , General Average shall be paid 129 accordingly. 130 In the event of salvage, towage or other assistance being rendered to the Vessel by any vessel belonging in part or in 131 avhole to the same Owners or Charterers, the value of such.services (without regard to the common ownership or control of 132. the vessels) shall be ascertained by arbitration in the manner provided for under the Collision Liability clause in this Policy, 133 and the amount so awarded so far as applicable to the interest hereby insured shall constitute a charge under this Policy. 134 When the contributory 'value of the Vessel is greater than the Agreed Value herein, the liability of the Underwriters, 135 for General Average contribution (except in respect to amounts made good to the Vessel), or Salvage, shall not exceed that 136 proportion of the total contribution due from the Vessel which the amount insured hereunder bears to the contributory value; 137 and if, because of damage for which the Underwriters are liable as Particular Average, the value of the Vessel has been 138 reduced for the purpose of contribution, the amount of such Particular Average damage recoverable under this Policy shall 139 first be deducted from the amount insured hereunder, and the Underwriters shall then be liable only for the proportion 140 which such net amount bears to the contributory value. 141 TOTAL LOSS There shall be no recovery for a constructive Total Loss hereunder unless the expense of recovering and repairing the 142 Vessel shall exceed the Agreed Value. In making this determination, only expenses incurred by reason of a single accident 143 or a sequence of damages arising from the same accident shall be taken into account. .._ In ascertaining whether the Vessel is a constructive Total Loss the Agreed Value shall be taken as the repaired value 145 and nothing in respect of the damaged or break -up value of the Vessel or wreck shall be taken into account. 146 In the event of Total Loss (actual or constructive), no claim to be made by the Underwriters for freight, whether notice 147 of abandonment has been given or not. 148 In no case shall the Underwriters be liable for unrepaired damage in addition to a subsequent Total Lose sustained during 149 the period covered by this Policy. 150 SUE AND LABOR And in case of any Loss or Misfortune, it shall be lawful and necessary for the Assured, their Factors, Servants and 151 Assigns, to sue, labor and travel for, in, and about the defense, safeguard and recovery of the Vessel, or any part thereof, 152 without prejudice to this insurance, to the charges whereof the Underwriters will contribute their proportion as provided 153 below. And it is expressly declared and agreed that no acts of the Underwriters or Assured in recovering, saving or preserving 154 the Vessel shall be considered as a waiver or acceptance of abandonment. 155 In the event of expenditure under the Sue and Labor clause, the Underwriters shall pay the proportion of such expenses 156 that the amount insured hereunder bears to the Agreed Value, or that the amount insured hereunder, less loss and /or damage 157 payable under this Policy, bears to the actual value of the salved property; whichever proportion shall be less. 158 If claim for Total Loss is admitted under this Policy and sue and labor expenses have been reasonably incurred in excess 159 of any proceeds realized or value recovered, the amount payable under this Policy will be the proportion of such excess that 160 the amount insured hereunder (without deduction for loss or damage) bears to the Agreed Value or to the sound value of 161 the Vessel at the time of the accident, whichever value was greater. The foregoing shall also apply to expenses reasonably 162 incurred in salving or attempting to salve the Vessel and other property to the extent that such expenses shall be regarded 163 as having been incurred in respect of the Vessel. 164 COLLISION LIABILITY And it is further agreed that: 165 (a) if the Vessel shall come into collision with any other ship or vessel, and the Assured or the Surety in consequence 166 of the Vessel being at fault shall become liable to pay and shall pay by way of damages to any other person or 167 persons any sum or sums in respect of such collision, the Underwriters will pay the Assured or the Surety, which- 168 ever shall have paid, such proportion of such sum or sums so paid as their respective subscriptions hereto bear 169 to the Agreed Value, provided always that their liability in respect to any one such collision shall not exceed their 170 proportionate part of the Agreed Value; 171 (b) in cases where, with the consent in writing of a majority (in amount) of Hull Underwriters, the liability of the Vessel 172 has been contested, or proceedings have been taken to limit liability, the Underwriters will also pay a like proportion 173 of the costs which the Assured shall thereby incur or be compelled to pay. 174 When both vessels are to blame, then, unless the liability of the owners or charterers of one or both such vessels 175 becomes limited by law, claims under the Collision Liability clause shall be settled on the principle of Cross- Liabilities 176 as if the owners or charterers of each vessel had been compelled to pay to the owners or charterers of the other 177 of such vessels such one -half or other proportion of the latter's damages as may have been properly allowed in 178 ascertaining the balance or sum payable by or to the Assured in consequence of such collision. 179 The principles involved in this clause shall apply to the case where both vessels are the property, in part or in whole, ISO of the same owners or charterers, all questions of responsibility and amount of liability as between the two vessels 181 being left to the decision of a single Arbitrator, if the parties can agree upon a single Arbitrator, or failing such 182 agreement, to the decision of Arbitrators, one to be appointed by the Assured and one to be appointed by the majority (in 183 amount) of Hull Underwriters interested; the two Arbitrators chosen to choose a third Arbitrator before entering upon the 184 reference, and the decision of such single Arbitrator, or of any two of such three Arbitrators, appointed as above, to be final 185 and binding. 186 Provided always that this clause shall in no case extend to any sum which the Assured or the Surety may become liable 187 to pay or shall pay in consequence of, or with respect to: 188 (a) removal or disposal of obstructions, wrecks or their cargoes under statutory powers or otherwise pursuant to law; 189 (b) injury or potential injury to real or personal property of every description, excepting other vessels or property 190 thereon; 191 (c) cargo or other property on or the engagements of the Vessel; 192 (d) loss of life, personal injury or illness. 193 PILOTAGE AND TOWAGE This insurance shall not be prejudiced by reason of any contract limiting in whole or in part the liability of pilots, tugs, 194 towboats, or their owners when the Assured or the agent of the Assured accepts such contract in accordance with established 195 local practice. 196 Where in accordance with such practice, pilotage or towage services are provided under contracts requiring the 197 Assured or the agent of the Assured: 198 (a) to assume liability for damages resulting from collision of the Vessel insured with any other ship or vessel, in- 199 cluding the towing vessel, or 200 (b) to indemnify those providing the pilotage or towage services against loss or liability for any such damages, 201 it is agreed that amounts paid by the Assured or Surety pursuant to such assumed obligations shall be deemed payments 202 "by way oY damages to any other person or persona" and to have been paid "in consequence of the Vessel being at fault" 203 NcLELLAND 2132 S.F. 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