Section 5 Applicability of Classification Rules and
                     Disclosure of Information
                  
                  
                  
                  
                     
                     
                        
                        
                        5.1 LR has the
                           power to adopt, and publish as deemed necessary, Rules relating to
                           classification and has (in relation thereto) provided the following:
                         
                        
                        
                        
                           - Except in the case of a special directive by the Board, no new
                              Regulation or alteration to any existing Regulation relating to classification or to
                              class notations is to be applied to existing ships.
                           
 
                           - Except in the case of a special directive by the Board, or
                              where changes necessitated by mandatory implementation of International Conventions,
                              Codes or Unified Requirements adopted by the International Association of
                              Classification Societies are concerned, no new Rule or alteration in any existing
                              Rule is to be applied compulsorily after the date on which the contract between the
                              ship builder and shipowner for construction of the ship has been signed, nor within
                              six months of its adoption. The date of 'contract for construction' of a ship is the
                              date on which the contract to build the ship is signed between the prospective
                              shipowner and the ship builder. This date and the construction number (i.e. hull
                              numbers) of all the vessels included in the contract are to be declared by the party
                              applying for the assignment of class to a newbuilding. The date of 'contract for
                              construction' of a series of sister ships, including specified optional ships for
                              which the option is ultimately exercised, is the date on which the contract to build
                              the series is signed between the prospective shipowner and the ship builder. In this
                              section a 'series of sister ships' is a series of ships built to the same approved
                              plans for classification purposes, under a single contract for construction. The
                              optional ships will be considered part of the same series of sister ships if the
                              option is exercised not later than 1 year after the contract to build the series was
                              signed. If a contract for construction is later amended to include additional ships
                              or additional options, the date of 'contract for construction' for such ships is the
                              date on which the amendment to the contract is signed between the prospective
                              shipowner and the ship builder. The amendment to the contract is to be considered as
                              a 'new contract'. If a contract for construction is amended to change the ship type,
                              the date of 'contract for construction' of this modified vessel, or vessels, is the
                              date on which the revised contract or new contract is signed between the Owner, or
                              Owners, and the shipbuilder. Where it is desired to use existing approved ship or
                              machinery plans for a new contract, written application is to be made to LR. Sister
                              ships may have minor design alterations provided that such alterations do not affect
                              matters related to classification, or if the alterations are subject to
                              classification requirements, these alterations are to comply with the classification
                              requirements in effect on the date on which the alterations are contracted between
                              the prospective owner and the ship builder or, in the absence of the alteration
                              contract, comply with the classification requirements in effect on the date on which
                              the alterations are submitted to LR for approval. Recognising the long time period
                              that may occur between the initial design contract and the contract for construction
                              for offshore units for fixed locations, the date determining effective classification
                              requirements will be specially considered by LR in such cases.
                           
 
                           - All reports of survey are to be made by surveyors
                              authorised by members of the LR Group to survey and report (hereinafter referred to
                              as 'the Surveyors') according to the form prescribed, and submitted for the
                              consideration of the Classification Committee.
                           
 
                           - Information contained in the reports of classification and
                              statutory surveys will be made available to the relevant owner, National
                              Administration, Port State Administration, P&I Club, hull underwriter and, if
                              authorised in writing by that owner, to any other person or organisation.
                           
 
                           - Notwithstanding the general duty of confidentiality owed
                              by LR to its client in accordance with the LR Rules, LR clients hereby accept that,
                              LR will participate in the IACS Early Warning System which requires each IACS member
                              to provide its fellow IACS members and Associates with relevant technical information
                              on serious hull structural and engineering systems failures, as defined in the IACS
                              Early Warning System (but not including any drawings relating to the ship which may
                              be the specific property of another party), to enable such useful information to be
                              shared and utilised to facilitate the proper working of the IACS Early Warning
                              System. LR will provide its client with written details of such information upon
                              sending the same to IACS Members and Associates.
                           
 
                           - Information relating to the status of classification and
                              statutory surveys and suspensions/withdrawals of class together with any associated
                              conditions of class will be made available as required by applicable legislation or
                              court order.
                           
 
                           - A Classification Executive consisting of senior members of
                              LR's Classification Department staff shall carry out whatever duties that may be
                              within the function of the Classification Committee that the Classification Committee
                              assigns to it.
                           
 
                         
                        
                        
                      
                     
                     
                   
                  
                  
                  
                  
                
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                           and Coastguard Agency. All rights reserved. Clasifications Register Group Limited, its affiliates and subsidiaries and their respective
                           officers, employees or agents are, individually and collectively, referred to in this clause as 'Clasifications Register'. Clasifications
                           Register assumes no responsibility and shall not be liable to any person for any loss, damage or expense caused by reliance
                           on the information or advice in this document or howsoever provided, unless that person has signed a contract with the relevant
                           Clasifications Register entity for the provision of this information or advice and in that case any responsibility or liability is
                           exclusively on the terms and conditions set out in that contract.
                           
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