Welfare Contribution. (1) The Company shall make an annual contribution to the Unions respectively for welfare, educational, social and other purposes benefiting the general membership of the Unions of an amount as agreed between the Company and the Union. Such contributions shall be paid annually in advance to the Unions. (2) The Company shall also pay contributions to the ITF Seafarers’ International Assistance, Welfare and Protection Fund in accordance with the terms of the ITF Special Agreement. (3) The Company shall be liable to the payment of the above contributions in respect of any vessel(s) that are covered by this Agreement.
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Sources: Collective Agreement, Collective Agreement