this insurance is subject to English law and practice
vessel
vessel means the hull, machinery, boat(s), gear and equipment, such as would normally be sold with her if she changed hands,
in commission and laid up
2.1 the vessel is covered subject to the provisions of this insurance
2.1.1 while in commission at sea or on inland waters or in port, docks, marinas, on ways, gridirons, pontoons, or on the hard or mud or at place of storage ashore, including lifting or hauling out and launching, with leave to sail or navigate with or without pilots, to go on trial trips and to assist and to tow vessels or craft in distress, or as is customary, but it is warranted that the vessel shall not be towed, except as is customary or when in need of assistance, or undertake towage or salvage services under a contract previously arranged by owners, masters, managers or charterers.
2.1.2 while laid up out of commission as provided for in clause 4 below; including lifting or hauling out and launching, while being moved in shipyard or marina, dismantling, fitting out, overhauling, normal maintenance or while under survey, (also to include docking and undocking and periods laid up afloat incidental to laying up or fitting out and with leave to shift in tow or otherwise to or from her lay-up berth but not outside the limits of the port or place in which the vessel is laid up) but excluding, unless notice be given to the underwriters and any additional premium required by them agreed, any period for which the vessel is used as a houseboat or is under major repair or undergoing alteration.
2.2 notwithstanding clause 2.1 above the gear and equipment, including outboard motors, are covered subject to the provisions of this insurance while in place of storage or repair ashore.
navigating and charter hire warranties
3.1 warranted not navigating outside the limits stated in the schedule to the policy or, provided previous notice be given to the underwriters, held covered on terms to be agreed.
3.2 warranted to be used solely for private pleasure purposes and not for hire charter or reward, unless specially agreed by the underwriters.
laid up warranty
warranted laid up out of commission as stated in the schedule to the policy, or held covered on terms to be agreed provided previous notice be given to the underwriters.
speed warranty
5.1 warranted that the maximum designed speed of the vessel, or the present vessel in the case of a vessel with boat(s), does not exceed 17 knots.'
5.2 where the underwriters have agreed 'to delete this warranty, the conditions of the speedboat clause 19 below shall also apply.
continuation
should the vessel at the expiration of this insurance be at sea or in distress or at a port or place of refuge or of call, she shall, provided prompt notice be given to the underwriters, be held covered at a premium to be agreed until anchored or moored at her next port of call in good safety.