B1-5 Payment procedure, Watercraft Accident Insurance, Premium

B1-5.1 Your duties In order to pay the premium on time, you must ensure, irrespective of the payment method chosen (for example SEPA direct debit, credit card, PayPal), that the account to be debited has sufficient funds at the time the premium falls due. German law applies to the contract. The German wording of the conditions alone is binding; this translation is provided for understanding only. 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).