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P&I Club shall cover liability for loss of or damage to any fixed or floating
object by reason of contact between the Vessel and such object, if and to the
extent not covered under the Hull Policies.
Unless the Association shall in its absolute discretion otherwise determine,
it is a condition precedent to a Member’s right to recover from the
Association in respect of any liability, loss, cost or expense that he shall
first have discharged or paid the same.