INDEMINITY BOND / AGREEMENT 100/-bond

M/S PERMA SHIPPING LINE INDIA PVT. LTD.

307,MADHUBAN BUILDING, 55 -NEHRU PLACE,

NEW DELHI – 110019

Re :- Movement of container from ICD/ Tughlakabad, New Delhi for factory stuffing / de-stuffing

To the factory site at ______

______Container No______

We,______do hereby agree and undertake for

Ourselves and our succesors assigns to indemnity and keep you and/or your successors and assigns

To indemnify against all claim, losses, demands, damages, and costs of nature whatsoever that may

Be made on you by anybody in any capacity or sustained or incurred by you, in consequence of your

having executed the said indemnity bond and we hereby agree & confirm to abide by the following

terms and conditions.

  1. The shipper/ consignee and/ or their clearing agents, containers/ transporters and / or their employees and servants shall take all responsible care to ensure that the containers are kept in a suitable and useable condition for or whose acts of omission and commission the shipper / consignee is solely liable.
  2. The shipper/ consignee agree to indemnify the carrier and/ or the agents ( above named ) against and/ or all loss, damage, liability, costs or expenses suffered of incurred by the movement of containers while in the possession of the shipper/ consignee, arising out of or while connected with injury or death of persons or loss or damage to property or other persons in the course of such movement & stuffing / de-stuffing operations.
  3. The shipper / consignee shall return the container in as sound conditions as earlier delivered and for failure to do so, will be liable for cost and repair and damages for this purpose survey by M/s MASTER MARINE SERVICES PVT.LTD surveyor. New Delhi is agreed and their report and findings shall be binding on the shipper/ consignee.
  4. The shipper / consignee are liable to indemnity the carrier or its agents for claim by the custom to the extent or Rs. 3,00,000/- ( Rs. Three Lac only ) per twenty feet each container and double for forty feet each container
  5. The guarantee under these presents shall be effective from the time containers is delivered to the shipper/ consignee or their representative till the same is returned to the Delhi Inland Container Depot, area and delivered against agents clear receipt and discharged.
  6. In case of any dispute in respect of this Indemnity Bond /Agreement in respect to the payment thereof PERMA SHIPPING LINE(I)PVT LTD are authorized to appoint an sole arbitrator who will adjudicate the matter as per the arbitration and conciliation act
  7. If this container is not received by the carrier within the period allowed, we will be liable for demurrages as follows :-

$ 48/- per day each 20’ container

$ 96/- per day each 40’ container

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