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HAI DANG 168 - Certificate - 494422 - P & I Owned

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CERTIFICATE OF ENTRY

OWNER ENTRY
Class 1 – Protection and Indemnity

Negotiator Certificate No.


Vietnam National Reinsurance Corporation (Vinare) 494422
Date of Issue
05 July 2022

Member
Hai Dang Marine Company Limited (Bareboat Charterers)

Joint Member
BIDV - SuMi TRUST Leasing Company Limited (Registered Owner)
Vietnam National Reinsurance Corporation (Vinare) (Primary Insurer)

Name and Principal Place of Business


BIDV - SuMi TRUST Leasing Company Limited
20th Floor, Tower A
Vincom 191 Ba Trieu
Le Dai Hanh Ward
Hai Ba Trung District
Hanoi City
Vietnam

Vessel HAI DANG 168

IMO Gross Built Flag Port of Registry


Number Tons
9663386 2,999 2012 VNM Haiphong

Period of Entry 7ᵗʰ July 2022 to Noon GMT 20ᵗʰ February 2023

The West of England Ship Owners Mutual Insurance Association (Luxembourg)


R.C.S. Luxembourg B8963, 31 Grand Rue, L-1661 Luxembourg, G.D. Luxembourg

Managers West of England Insurance Services (Luxembourg) S.A.


R.C.S. Luxembourg B104783, 31 Grand Rue, L-1661 Luxembourg, G.D. Luxembourg
HK Branch 1302 China Evergrande Centre, 38 Gloucester Road, Wanchai, Hong Kong
Tel +(852) 2529 5724 Email mail@westpandi.com www.westpandi.com

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Certificate No: 494422
Date of Issue: 05 July 2022

This Certificate of Entry is evidence only of the contract of Indemnity Insurance between the above named Member(s)
and the Association and shall not be construed as evidence of any undertaking, financial or otherwise, on the part of
the Association to any other party.

If a Member tenders this Certificates as evidence of insurance under any applicable law relating to financial
responsibility, or otherwise shows or offers it to any other party as evidence of insurance, such use of this Certificate
by the Member is not to be taken as any indication that the Association thereby consents to act as guarantor or to be
sued directly in any jurisdiction whatsoever. The Association does not so consent.

The insurance provided by the Association for the vessel is governed by the Association’s Rules, Bye-Laws and
Constitution for the time being in force and by the Special Terms set out below. Such Rules, Bye-Laws and
Constitution are incorporated as if fully set forth in this Certificate and together with such Special Terms constitute
both the contract of indemnity insurance evidenced by this Certificate between the Association and each Member and
each Joint Member named herein and the cover provided by that contract to each Co-Assured named herein. Each
Member, Joint Member and Co-Assured is bound by and deemed to know the Rules, Bye-Laws and Constitution.
Members, Joint Members and Co-Assureds should ensure they read the Rules, Bye-Laws and Constitution, copies of
which are available from the Association. Members, Joint Members and Co-Assureds not having copies of these
documents should ask the Association’s Managers to provide them.

All the terms of the Rules, Bye-laws and Constitution are important, but particular attention is drawn to:-

- Rules 43, 45, 45(A), 45(B) and 45(C) which may require a Member or Joint Member to pay Supplementary
Calls, Overspill Calls, Releases, and contributions to a Solvency Margin and Guarantee Fund. There is no limit
to the liability of the Member or Joint Member for these calls, save for the limit per vessel provided in Rule
45(A) in respect of Overspill Calls.

- Rules 1 and 57 which establish that any difference or dispute between a Member and the Association, or
other matter relating to the Rules and all contract of insurance afforded by the Association or otherwise shall
be governed by English law and procedure in accordance with Rules 1 and 57. As set out therein, no Member
may bring or maintain any action, suit or other legal proceedings against the Association in connection with
any difference or dispute unless he has first obtained an Arbitration Award in accordance with Rule 57.

- Rule 3 (D) which sets out the terms on which the Association shall discharge and pay on the Member’s behalf
certain liabilities under the 2006 Maritime Labour Convention as amended (MLC 2006) or domestic legislation
by a State Party implementing MLC 2006.

- Rules 7 and 8 which set out the limits of the Association’s liability generally and also specifically in respect of
oil pollution, passengers and seamen, and consortium claims.

- Rule 10 which provides that the insurance is that of indemnity only. The Member or Joint Member or Co-
Assured has no right to recover funds from the Association for insured claims unless and until the Member,
Joint Member or Co- Assured has first paid the same.

- Rule 18 (Double Insurance) and Rule 2 Section 11 proviso (b) (Pollution) which contain restrictions on
cover for liabilities, costs and expenses insured by or recoverable from other insurers.

- Rule 19 and 19(A) which provide that cover may not be available for certain kinds of trade or other activity,
including but not limited to those which expose the Association to the risk of sanctions.

- Rule 21 which provides that, although the Rules are subject to the Insurance Act 2015, the Association has
exercised its right to contract out of a number of Sections in the Act, including Section 13A which introduced
damages for the late payment of a claim.

- Rule 24 and Rule 25 which include the requirement for prompt notification of every casualty, event or matter
which is liable to give rise to a claim on the Association, and the conditions under which a claim on the
Association may be Time Barred.

- Rules 36 and 58 which define Members, Joint Members and Co-Assureds.

- Rule 42 which provides that the obligations of a Member are cumulative throughout the period of membership
and that obligations of a Member may continue after membership has ceased.

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Certificate No: 494422
Date of Issue: 05 July 2022

The Association is subject to the laws and regulations of the Grand Duchy of Luxembourg and is therefore subject to
a duty of professional confidentiality in its activities carried out from the Grand Duchy of Luxembourg pursuant to
Article 300 of the law of 7 December 2015 on the insurance sector, as amended.

The Association may, in order to fulfil its obligations and to provide a suitably high level of service, need to share
certain information regarding the Members with its service company regulated by the Luxembourg Commissariat aux
Assurances, West of England Insurance Services (Luxembourg) S.A., and with that company's UK branch or other
entities within the group (together the “Service Provider”). Certain services are outsourced by the Association to the
Service Provider in the areas of underwriting, claims management and back office services such as IT, finance,
compliance, internal audit, claims management and payment.

Information that may be shared by the Association with the Service Provider includes (without limitation): the
Member's name, registered office, date of incorporation and description of activities; personal data of the Member's
staff (e.g. first name, surname, date and place of birth, passport or ID card number and contact details; the beneficial
owner(s); the authorised representative; and general information relating to the Members’ assets and funds that have
been provided by the Member to the Association (the “Data”).

The Member hereby expressly authorises, and confirms its consent to, the sharing, transmission and disclosure of
the Data with or to the Service Provider by the Association and its directors, officers, employees and agents.

The Member shall ensure that they (and/or their nominated representative(s)) are entitled under the General Data
Protection Regulation (GDPR) (EU) 2016/679 (“GDPR”) to transfer relevant personal data to the Association to
facilitate lawful processing of personal data. The Service Provider shall treat personal data provided by the Member
in accordance with the GDPR.

The terms and conditions of the insurance afforded by the Association in respect of the aforesaid vessel are upon
and in accordance with this Certificate and the Rules, Bye-laws and the Constitution of the Association for the time
being in force except to the extent that the said Rules are modified by the Special Terms set out below:-

Special Terms

4/4th Collision Deductible


The Member shall bear the first $10,000 of liabilities and expenses in respect of claims arising under the 4/4ths
collision liability clause which substitutes Rule 2 Section 9 (A), each accident or occurrence.

Cargo Deductible - All Other Cargo (2)


The Member shall bear the first $15,000 of liabilities and expenses in respect of the total of other cargo claims
arising on each single voyage.

Cargo Deductible - Reefer Cargo (3)


The Member shall bear the first $20,000 of liabilities and expenses in respect of the total of claims arising out of the
carriage of reefer cargo on each single voyage.

Crew Deductible
The Member shall bear the first $500 of liabilities and expenses in respect of all crew claims, each accident or
occurrence.

Other Claims Deductible


The Member shall bear the first $5,000 of liabilities and expenses in respect of all other claims each accident or
occurrence.

Deductibles Apply To Costs And Expenses


Deductibles set out in this certificate, whether as a Special Term or otherwise, shall apply to costs and expenses
incurred under Rule 2, including but not limited to, Rule 2 Section 24.

4/4th RDC Collision Cover


In Rule 2, Section 9 (A), the insured proportion of the liabilities arising out of a collision is agreed to be four fourths.

Pre Loading Steel Cargo - Vietnam


The costs and expenses of pre-loading steel survey costs will be borne 70% by the Association, and 30% by Military
Insurance Company and Vietnam National Reinsurance Company.

Fleet Clause

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Certificate No: 494422
Date of Issue: 05 July 2022

For the purposes of Rule 31 the vessel belongs to the Military Insurance Company fleet.

Claims Proportion - Vietnam


The Association will bear 70%, and Military Insurance Company and Vietnam National Reinsurance Company will
bear 30%, of all liabilities, costs and expenses below US$ 5,000,000, and any amount in excess of that shall be
borne 100% by the Association, any one incident.

Condition Survey Clause


It is a condition of cover that the entered vessel must be made available for a condition survey 7 July 2022 (the
“Agreed Survey Period”). Furthermore, the vessel must be made available in a cargo free state and at a safe place
or port where it is reasonably possible for a survey to be undertaken. Unless otherwise agreed in writing by the
Managers of the Association (“Managers”) the survey fee will be for the Member’s account and will be paid in the first
instance by the Managers and then reimbursed by the Member.

In accordance with Rule 20B (3) in the light of such survey and any recommendations made by the surveyor or the
Managers as to repairs or other action to be taken, the Managers in their discretion may terminate the entry forthwith
or amend or vary the terms of entry or impose conditions in the terms of entry in such form as they think fit.

Should the entered vessel not be made available for a condition survey within the Agreed Survey Period in
accordance with the first paragraph of this clause, then there is no cover for any claim whatsoever which is deemed
by the Managers to have arisen and or resulted from a default, fault or problem with the vessel and or crew that
would have been discovered by a surveyor had the condition survey taken place within the Agreed Survey Period,
unless otherwise agreed by the Managers. Should it later be agreed by the Managers to extend the survey period
beyond the Agreed Survey Period then it will still be deemed for the purposes of this third paragraph that the entered
vessel was not made available for a condition survey within the Agreed Survey Period, unless otherwise agreed by
the Managers.

Trading Warranty - Asia / Far East


Warranted trading Asian / Far East waters only. A vessel will be considered as trading outside Asian / Far East
waters to the West of longitude 60 degrees East and to the East of longitude 180 degrees West.

Issued for and on behalf of:


THE WEST OF ENGLAND SHIP OWNERS MUTUAL INSURANCE ASSOCIATION
(LUXEMBOURG)
by
West of England Insurance Services (Luxembourg) S.A.
(As Managers)

Richard Macnamara
Director

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