APPLICATION FOR SHIPPING GUARANTEE / BILL OF LADING ENDORSEMENT

By Fax By Original Date: (yyyy/mm/dd)

To: Taipei Fubon Commercial Bank Co., Ltd.(the “Bank“)

SHIPPING GUARANTEE

We hereby apply to the Bank for issuing or countersigning a letter of guarantee/indemnity for delivery of goods without bill of lading in favor of the shipping company or agent of vessel to enable us or our nominees to take delivery of the goods without production of bill of lading or other document. We agree, immediately upon receipt of the bill of lading for the below shipment, to cause the shipping company or agent of vessel to release the letter of guarantee/indemnity to the Bank for cancellation, or to forward the bill of lading to the Bank to obtain the letter of guarantee/indemnity directly from the shipping company or agent of vessel for release of the Bank’s obligation under the letter of guarantee/indemnity.

BILL OF LADING ENDORSEMENT

We hereby request the Bank to endorse the enclosed original bill of lading air waybill received by us for purposes of customs house entry and delivery of goods.

Terms and Conditions

  1. We hereby acknowledge and agree to indemnify the Bank and hold the Bank harmless from and against all expenses, costs, liabilities or other consequences which may arise or result from the Bank’s performance of the request made herein and to reimburse the Bank on demand for any and all of the foregoing.
  2. We confirm that no other bank is involved in the trade transaction with respect to the shipping guarantee or bill of lading endorsement provided by the Bank to us and the bill of lading under the shipping guarantee will be received by the Bank in due course or will be sent to us directly by the exporter/shipper.
  3. We acknowledge and agree to keep the good fully insured at our charge and to do all other acts and things necessary to protect and preserve unimpaired the property and will furnish proof of that at any time of requested to do so by the Bank.
  4. We undertake in case that the bill of lading/air waybill made out to us, we will endorse it to you upon receipt.
  5. We acknowledge and agree that the Bank may issue/endorse/countersign the guarantee/indemnity, bill of lading or air waybill with or without any specific amount and that our obligations to indemnify or reimburse the Bank are not limited in any way to the specific invoice amount.
  6. We acknowledge and agree to reimburse the Bank for any payment made under the guarantee/indemnity/ endorsement, notwithstanding that the validity of any such claim or demand or the amount thereof shall be in dispute.
  7. We hereby authorize the Bank (a) to make acceptance/payment upon presentation of original shipping documents in respect of the goods, regardless of any discrepancy between such documents and the terms of letter of credit or whether the issued/endorsed/countersigned letter of guarantee/indemnity, bill of lading or air waybill is used or not; and(b) to utilise such bill of lading to redeem the letter of guarantee or indemnity from the shipping company or agent of vessel.
  8. Without prejudicing to any other right the Bank may have under any document between the Bank and us, we hereby acknowledge and agree that we will, upon the Bank’s request at any time and from time to time, immediately deliver to the Bank cash margin, which shall be held by and in the name of the Bank, or provide security in an amount equal to the Bank’s total contingent liability under the guarantee/indemnity, for whatsoever reasons including but not limited to

(1)any fraudulent/unlawful event occurs, or

(2)original bill of lading or the issued/endorsed/countersigned guarantee/indemnity,bill of ladingor air waybill lost by any related party, or

(3)the failure to present documents to the Bank within 60 calendardays from the date that the guarantee/indemnity is issued/endorsed/countersigned, or

(4)the shipping company/agent of vessel doesn’t return the guarantee/indemnity after receiving the original bills of lading, or

(5)the failure of us to deliver the original bill of lading to the shipping company/agent of vessel, in case that full set bill of lading have been provided to us by the Bank.

  1. In case that sight letter of credit contains reimbursing clause and is issued under the Facility for Issuance of Sight L/C, we agree to settle, upon the application for shipping guarantee / bill of lading endorsement, the import payment in full plus 7 days interest or the interest calculated from the date of advance payment made by the reimbursing bank to the date of this application.
  2. With respect to D/P transactions, we agree to make full payment regarding the invoice amountupon the application for shipping guarantee / bill of lading endorsement.
  3. Unless otherwise agreed by the Bank, we hereby agree to follow the standard tariffs set out by the Bank and published on the official website of the Bank or Fubon Business Online (FBO), which may be modified from time to time at the Bank’s sole discretion.
  4. We declare that the exporter of this applicant isNOT a Connected Party a Connected Party.

Invoice Amount (CCY+AMT):(The Invoice copy is attached)
Transaction Type:Under L/C (L/C No.:) Under D/P Under D/A
Shipping Company/ Agent of Vessel:
B/L or AWB No. / Vessel Name / Description of goods
(Name & Quantity)

Applicant:

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