If not where is their P&I insurance placed? Are the yachts under your management all classed by a Yes No classification society that is a Member of the IACS? SECTION 4 Gross annual income – For the purposes of underwriting all we require is a declaration of the gross annual income that you earn as a yacht manager. Please indicate currency e.g., US$ Last financial year Estimate for this financial year Estimate for next financial year SECTION 5 Sub-contracting – Do you sub-contract any of the activities you undertake to Yes No companies that will not be shown as co-assured? If do you maintain your rights of recourse for their errors Yes No “Yes”, and omissions? Do you require these companies to have insurance for their Yes No errors and omissions? Do you undertake any other activities for the yacht, which you Yes No manage? If please specify “Yes”, Are you a member of MYBA? Yes No SECTION 6 Yacht management contract – Do you contract on either BIMCO Shipman or 2009? Yes No ’98 Do you to US law or arbitration as the governing law of the Yes No contract in any yacht management agreement?
If not where is their P&I insurance placed? Are the yachts under your management all classed by a classification society that is a Member of the IACS? Yes No SECTION 4 – Gross annual income For the purposes of underwriting all we require is a declaration of the gross annual income that you earn as a yacht manager. Please indicate currency e.g., US$ Last financial year Estimate for this financial year Estimate for next financial year SECTION 5 – Sub-contracting Do you sub-contract any of the activities you undertake to companies that will not be shown as co-assured? Yes No If “Yes”, do you maintain your rights of recourse for their errors and omissions? Yes No Do you require these companies to have insurance for their errors and omissions? Yes No Do you undertake any other activities for the yacht, which you manage? If “Yes”, please specify Yes No Are you a member of MYBA? Yes No SECTION 6 – Yacht management contract Do you contract on either BIMCO Shipman ’98 or 2009? Yes No Do you to US law or arbitration as the governing law of the contract in any yacht management agreement? Yes No