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4.1 upon payment to the Assured of a claim hereunder, the Underwriters shall be subrogated to all the rights and remedies of the Assured in respect of such payment.
4.2 It is a condition of this insurance that any payments by the Underwriters shall not be applied by the Assured in or towards discharge or satisfaction of the amount of the outstanding indebtedness.
第8条 代位权条款( Subrogation)
8 代位权
8.1 在向被保险人支付赔偿后，保险人将代位取得被保险人有关此种赔款项下所有的权利和救济
8.2 保险人支付的任何赔偿被保险人不得用于清偿或补偿到期债务金额是本保险的一项条件。
9 EFFECT OF UNDER INSURANCE
If the loan amounts are not fully insured hereunder at the time of loss, then the indemnity payable hereunder including any sue and labour amount shall be reduced in proportion to the under insurance.
第9条 不足额保险的后果(effect of under Insurance)
9 不足额保险的后果
如果在损失发生时，贷款金额未全额承保，那么，根据本保险可赔付的赔偿，包括任何施救费用，将根据该不足额保险按比例扣减。
10 AUTOMATIC TERMINATION
4.1 Cover hereunder for loss of or damage to or liability of a Mortgaged Vessel shall terminate in respect of those risks covered by the War and Strikes Clause of the Mortgaged Vessel
10.1..1 AUTOMATICALLY upon the outbreak of war (whether there be a declaration of war or not between any of any of the following
United Kingdom, United States of American, France, the Russian Federation, the People’s Republic of China
10.1.2 AUTOMATICALLY in respect of a Mortgaged Vessel in event of that Mortgaged Vessel being requisitioned either for title or use
10.1.3 7 days after the Underwriters of the Owner’s War Risks Insurance or any them have geiven notice of cancellation unless such War Risks Insurance have been reinstated prior to or from the expiry of such notice and any new rate of premium and amendments to terms, conditions or warranties, if any, have been agreed, or
10.1.4 7 days after the Underwrites hereon have given notice of cancellation in respect of such risks.
10.2 Cancellation in accordance with Clauses 10.1.3 and 10.1.4 shall become effective on the expiry of 7 days from midnight on the day on which the notice of cancellation is given. The Underwriters agree however to reinstate this insurance subject to agreement between the Underwriters and the Assured prior to the expiry of such notice of cancellation as to new rate of premium and/or conditions and/or warranties.
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