Ace Shipping Bond

IN CONSIDERATION OF YOUR ALLOWING US TO MOVE IMPORT LOADED FULL CONTAINERS TO OUR PREMISES. WE THE UNDERSIGNED HEREBY UNDER TAKE AND GUARANTEE YOU THE FOLLOWING.

1 WE SHALL REQUEST YOU IN WRITING FOR EVERY IMPORT SHIPMENT, ACCEPTING THE BELOW MENTIONED TERMS AND CONDITIONS TO MOVE THE CONTAINERS TO OUR PREMISES FOR DE-STUFFING THE CARGO. WE SHALL ALSO ENCLOSE THE PHOTO COPY OF THIS BOND ALONGWITH OUR REQUEST LETTER.

2 WE SHALL AT OUR COST AND RISK MOVE THE IMPORT LOADED FULL CONTAINERS FROM THE ABOVE CUSTOM BONDED STORAGE PLACE TO OUR PREMISES (THE PLACE OF DE-STUFFING WITH ADDRESS SHOULD BE GIVEN IN THE REQUEST LETTER MENTIONED IN PARA OF ONE ABOVE FOR EVERY SHIPMENT) AND RETURN THE SAME WITHIN 48 HRS FROM THE TIME OF REMOVAL TO THE MENTIONED CUSTOM BONDED STORAGE.

3 WE SHALL AT OUR COST ARRANGE TO SURVEY THE CONTAINERS BY YOUR SURVEYOR BEFORE MOVING FROM THE ABOVE CUSTOM BONDED STORAGE AND AFTER RETURNING TO THE SAID STORAGE PLACE .

4 WE SHALL PAY YOU THE SECURITY AMOUNT BY DEMAND DRAFT/PAY

ORDER FOR AMOUNT DEMANDED BY YOU.

5 WE SHALL PAY YOU THE LOSS OF DAMAGE OF THE CONTAINERS AS PER YOUR VALUATION.

6 WE SHALL PAY THE CONTAINERS DETENTION AT THE RATE OF YOUR RUNNING TARRIF FOR THE NUMBER OF DAYS WE HOLD YOUR CONTAINERS.

7 IN CASE WE FAIL TO RETURN THE CONTAINERS WITHIN 48 HRS FROM THE TIME OF REMOVAL WE SHALL OBTAIN NECESSARY PERMISSION FROM YOUR OFFICE AND CUSTOM AUTHORITIES TO RETAIN THE CONTAINERS WITH US BEYOND 48 HRS.

8 IN CASE THE CONTAINERS IS/ ARE LOST WE SHALL PAY YOU THE COST OF CONTAINERS AND THE CUSTOMS DUTY APPLICABLE FOR THE SAID CONTAINERS.

9 WE SHALL PRODUCE THE TRIPLICATE COPY OF THE BILL OF ENTRY DULY ENDORSED/AUTHENTICATED BY CUSTOM BEFORE MOVING THE CONTAINERS FROM THE ABOVE STORAGE PLACE .

10 WE SHALL KEEP YOU AND THE CARRIER COMPLETELY INDEMINIFIED AND HARMLESS FROM ALL YOUR COMPLYING WITH OUR REQUEST.

THIS BOND WILL REMAIN IN FORCE TILL SUCH TIME WITH OUR ABOVE UNDERTAKING AND FULFILL ALL YOUR AND CUSTOM AUTHORITIES REQUIREMENTS.

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