*The definition of a watercraft is a vessel or structure other than a fixed permanent platform, which is capable of navigation, either under own power or being towed. A jack-up, semi-submersible and similar structures are deemed to be vessels.
It is understood and agreed that this proposal form forms part of this policy and that underwriters hereon shall rely upon this information to determine the acceptability, rate and coverage. It is further understood that any misrepresentation or omission shall constitute grounds for immediate cancellation of coverage and denial of claim, if any. It is further understood that the applicant and/or affiliated company is under a continuing obligation immediately to notify his underwriters through his agent of any material alteration to information given.
The undersigned is an authorized representative of the applicant and certifies that reasonable enquiry has been made to obtain the answers to questions on this application. He/she certifies that the answers are true, correct and complete to the best of his/her knowledge.