Valid from 01/10/1994
Contracts relating to commercial shipsU.K.
4(1)A contract falls within this paragraph if it relates only to a commercial ship and is a contract whose effecting and carrying out constitutes business of one or more of the relevant classes and constitutes only such business.
(2)For the purposes of this paragraph the relevant classes are classes 1, 6 and 12 of the classes specified in Part I of Schedule 2 to the Insurance Companies Act 1982 (ships, accident, third-party etc.).
(3)For the purposes of this paragraph a commercial ship is a ship which is—
(a)of a gross tonnage of 15 tons or more; and
(b)not designed or adapted for use for recreation or pleasure.