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B1-5 Payment procedure, Watercraft Accident Insurance, Basis
Clause B1-5, Payment procedure, from Watercraft Accident Insurance, Basis, AVB WSU Basis (1-2025nam).
German law applies; only the German wording is binding.
This English text is a courtesy so you can read what you buy, not a contract document.
Where the two differ, the German text decides:
B1-5.1 Your duties In order to pay the premium on time, irrespective of the payment method chosen (for example SEPA direct debit, credit card, PayPal), you must ensure that the account to be debited has sufficient funds at the time the premium falls due. If the premium due could not be collected by us through no fault of yours, payment is still timely if it is made without delay after a request for payment issued by us in text form (for example email, fax or letter).
The premium for your own boat is one page away, with a price and without a form.
