Rule 32 Measures to avert or minimise loss

The Association shall cover:

1. extraordinary costs and expenses reasonably incurred on or after the occurrence of a casualty or event, including liability for such extraordinary costs and expenses incurred by a third party, for the purpose of avoiding or minimising any liability on the Association, other than:

   1. costs and expenses resulting from measures that have been or could have been accomplished by the Crew or by reasonable use of the Vessel or its equipment;

   2. loss resulting from non-fulfilment, or delay in fulfilment, of a contract or of an agreement for the sale of the Vessel;

   3. cost and expenses relating to the regaining of control of the well which is being drilled or worked over or serviced by the Vessel.

2. losses, costs and expenses incurred at the direction of the Association.