The V-Ring serves as a lip seal but also as a centrifugal disc. The V-Ring is stretched onto the shaft and must be installed at an accurately defined distance from the counter-rotating metal surface to guarantee axial preload of the seal lip. The end of a bearing, the bearing case or a shaft collar serve as counter-rotating surface. The V-Ring rotates with the shaft and seals axially on the counter surface. With increasing peripheral speed, the seal lip is pulled outwards by the centrifugal force and the contact pressure is reduced. At a certain peripheral speed, the seal lip lifts off the counter metal surface completely. The V-Ring then functions only as a gap seal and centrifugal disc.