NOTICE OF CANCELLATION (30 DAYS)

This contract may be cancelled either by underwriters of the Insured by giving 30 (thirty) days written notice to take effect from the date of receipt of such notice. Notice of cancellation shall commence from midnight on the day when it is issued, and shall not apply to any risks which have attached in accordance with the cover granted hereunder before the cancellation becomes effective. Whilst cover in respect of the risks or war etc, may be cancelled by either the Underwriters or the Insured giving 7 days notice (such cancellation becoming effective on the expiry of 7 days from midnight of the day on which notice of cancellation is issued by or to the Underwriters). The Underwriters agree however to reinstate cover subject to agreement between the Underwriters and the Insured prior to the expiry of such notice of cancellation as to new rate of premium and/or conditions and/or warranties. Whether or not such notice of cancellation of war cover has been given, cover hereunder in respect of the risks or war, shall TERMINATE AUTOMATICALLY upon the outbreak or war (whether there be a declaration or war or not) between any of the following countries: The United Kingdom, The United States of America, France, The Russian Federation, the People’s Republic of China.