FOR MAT- LETTER OF GUARANTEE FOR REMOVAL OF IMPORT LOADED CONTAINER/S FOR FACTORY DESTUFFING

(ABOVE NOT TO APPEAR ON LETTER OF GUARANTEE)

IAL CONTAINER LINE INDIA LTD

301-304-305 3RD FLOOR DEENAR BHAWAN

NEHRU PALACE New Delhi   

DEAR SIR, 

REF: REMOVAL OF IMPORT LOADED CONTAINERS Nos

           STC: NO. OF PKGS & GROSS WEIGHT

           ARRIVED PER VSL                              VOY

           IGM NO:                 ITEM No:

           B/L No:                                       DATE:

           YOURS CUSTOMS BOND NO:

IN CONSIDERATION OF YOUR ALLOWING US TO REMOVE THE ABOVE MENTIONED IMPORT LOADED FULL CONTAINERS TO OUR NOMINATED PREMISES, WE THE UNDERSIGNED, HEREBY UNDERTAKE AND GUARANTEE YOU THE FOLLOWING :- 

1). WE SHALL AT OUR COST AND RISK REMOVE THE ABOVE CONTAINER/S ( AFTER PAYMENT OF CUSTOM DUTY ) FROM NOMINATED SITE TO OUR PREMISES SITUATED AT  AND RETURN THE SAME TO YOUR  STORAGE YARD WITHIN D.O. VALIDITY TIME . 

2). WE SHALL AT OUR COST ARRANGE TO SURVEY THE CONTAINER/S BY YOUR SURVYORS BEFORE REMOVAL FROM NOMINATED SITE AND AFTER RETURNING AT YOUR STORAGE YARD.

3). IN CASE OF ANY DAMAGES TO THE CONTAINER/S WHILST IN OUR CUSTODY, WE SHALL PAY THE REPAIR COST OF DAMAGE AS ESTIMATED BY YOUR SURVEYORS.

4). WE SHALL PAY YOU THE CONTAINER DETENTION AND OTHER CHARGES AS AND WHEN DEMANDED BY YOU. 

5). IN CASE WE FAIL TO RETURN THE CONTAINER/S WITHIN ONE MONTH FROM THE DATE OF REMOVAL, WE SHALL OBTAIN NECESSARY PERMISSION FROM YOU AND CUSTOMS AUTHORITIES TO RETAIN THE CONTAINER WITH US BEYOND 30 DAYS. 

6). IN CASE THE CONTAINER/S IS/ARE LOST WHILST IN OUR CUSTODY WE SHALL PAY YOU THE CONTAINER/S (APPROX 2, 75,000.00 PER TEU) AND CUSTOMS DUTY/ PENALTY AS LEVIED BY CUSTOMS AUTHORITIES.

7). WE SHALL PRODUCE THE ORIGINAL TRIPLICATE COPY OF B/E DULY ENDORSED BY OUR EMPTY YARD OFFICER WITHIN 7 DAYS FROM THE DATE OF RETURNING THE CONTAINER/S ALONGWITH SURVEY REPORT.

8). WE SHALL KEEP YOU AND THE CARRIERS COMPLETELY INDEMNIFIED AND HARMLESS FROM AND AGAINST ALL CONSEQUENCES WHICH MAY ARISE FROM YOUR COMPLYING WITH OUR REQUEST.

9). THIS BOND WILL REMAIN IN FORCE TILL SUCH TIME WE COMPLY WITH OUR ABOVE UNDERTAKING AND FULFILL ALL YOUR/ CUSTOMS AUTHORITIES REQUIREMENT.

10). WE HEREBY CONFIRM, THAT THE IMPORT CARGO DOES NOT CONTAIN ANY CONTRABAND ARTICLES,  IN TERMS OF INDIAN CUSTOMS REGULATION AND THAT THE SHIPPERS HAVE NOT TAMPERED WITH CONTAINERS FOR THE PURPOSE OF CONCEALMENT OF ANY CONTRABAND CARGO. IN THE EVENT OF CUSTOMS OR ANY OTHER GOVT. AUTHORITIES DISCOVERING THAT THERE HAS BEEN ANY VIOLATION IN THIS RESPECT, WE AS CONSIGNEE OF THE CARGO WOULD BE FULLY RESPONSIBLE FOR ALL THE CONTAINERS WOULD ONLY BE TAKEN TO UR PREMISES AT IAL CONTAINER LINE (INDIA) LTD AND THAT WOULD APPROXIMATELY TAKE 5 DAYS TO RETURN THE CONTAINERS BACK TO YOUR EMPTY STORAGE YARD AFTER REMOVAL FROM THE NOMINATED SITE.

YOURS FAITHFULLY.