The Offshore Pollution Liability Association Ltd

Articles of Association

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CESSER OF MEMBERSHIP

9.	(A)	A Member shall ipso facto cease to be a Member:
		(i)	if it cease to be a party to OPOL;
		(ii)	if it be wound up or dissolved;
		(iii)	if it fail to fulfil its obligations under OPOL or to pay any membership fee, subscription or contribution due from it to the Association for a period of sixty days after the same shall have become payable and the Directors resolve that it cease to be a Member; or
		(iv)	if it resign by notice in writing to the Association.
	(B)	A Member which ceases to be a Member, and its liquidator, shall, notwithstanding such cesser, be and remain liable to pay to the Association (i) all moneys which under Articles 5 and 6 hereof such Member would, had it not ceased to be a Member, have been liable to pay to the Association in respect of any period down to the end of the financial year current at the date of such cesser and (ii) all moneys which under Article 7 hereof such Member would, had it not ceased to be a Member, have been liable to pay to the Association in respect of every Incident which occurred on or before the date such cesser of membership.

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