Ace Shipping Bond

WE M/S ……………………. DO HEREBY DECLARE GUARANTEE AND UNDERTAKEN TO YOU AS FOLLOWS IN CONSIDERATION FOR YOUR HAVING ALLOWED US TO TAKE THE SAID CONTAINER FROM ICD, TKD TO OUR WAREHOUSE LOCATED AT FOR DESTUFFING OF IMPORT CARGO OF THE ABOVE MENTIONED IN RESPECT OF WHICH CONTAINER YOU HAVE GIVEN BOND TO THE COMMISSIONER OF CUSTOMS, ICD, TKD, NEW DELHI.

THAT WE WILL RETURN TO YOU THE SAID CONTAINER WITHIN SEVEN DAYS FROM THE DATE OF REMOVAL AND PRESENT IN THE SAME GOOD CONDITION AS THEY HAVE BEEN RECEIVED BY US AND TOGETHER WITH THE TRIPLICATE BILL OF ENTRY DULY ENDORSED BY THE GATE PREVENTIVE OFFICER. IF WE FAIL TO RETURN YOU THE SAID CONTAINER OR ANY OF THE SAID CONTAINER. WE HEREBY UNDERTAKEN TO PAY SUM OF RS 270000/- PER 20` AND RS 540000/- PER 40` CONTAINERS IMMEDIATELY ON THE EXPIRY OF THE SAID PERIOD OF SEVEN DAYS OR ANY EXTENDED PERIOD AS YOU MAY ALLOW AT YOUR SITE DIRECTION TOGETHER WITH ANY PENALTY WHICH MAY BE IMPOSED BY THE COMMISSIONER OF CUSTOMS DUE TO FAILURE IN BRINGING BACK THE SAID CONTAINER WITHIN THE PORT OF VIRTUE OF THIS CLAUSE NO. 1.

THAT WE WILL PAY DETENTION CHARGES AS PER YOUR RULES, WHILE CONTAINERS IS IN OUR CUSTODY. WE ALSO UNDERTAKEN TO RETURN THE CONTAINER AT YOUR NOMINATION PLACE UNDER SURVEY AND SUBMIT THE PARTICULARS PASSED OUR AND IN WHICH COPY OF B/E WITH CUSTOM AND YARDS INDORESMENT AND CONFIRMING THE CONDITION OF THE CONTAINER ON B/E TO YOU FOR THE CANCELLATION OF THE BOND GUARANTEE AT NOMINATED PLACE FAILING WHICH WE AGREE TO PAY YOUR CHARGES.

THAT IN CASE THE CONTAINER IS DAMAGE OR PAY TO YOU IMMEDIATELY ON YOUR WRITTEN THE COST OF RECTIFICATION OF THE DAMAGE FOR THE PURPOSE OF CAUSE 1 & 2 HEREOF & SURVEY WILL TAKEN AT THE POINT OF LIFTING OF CONTAINER AND THE RETURN TO YOU.

THAT IF ANY DAMGE TO THE THIRD PARTY BY ANY OF THESE CONTAINERS TAKEN PLACE THEN WE HEREBY INDEMNIFY YOU FOR ANY SUCH DAMAGE AND THE LIABILITY OF ANY SUCH DAMAGE TO THIRD PARTY WITH BE ENTIRELY OF OUR ACCOUNT AND BE BORNE BY US WHILE IN OUR CUSTODY.

THANKING YOU

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