Letter of Indemnity. If Xxxx of Lading is not available at any discharge port or place to which the vessel may be ordered by Charterers under this Charter or if Charterers require Owners to deliver cargo to a party and/or at a port or place other than set out in the Bills of Lading, then Owners shall nevertheless discharge the cargo carried by the vessel in compliance with Charterers' instructions, upon a consignee nominated by Charterers (hereinafter called "the Receiver") presenting reasonable identification to the Master, in consideration of the following undertakings by the Charterers:- Then in each case, the vessel shall discharge the cargo as directed by the Charterers in consideration of the following indemnity, which shall be deemed to be given in each and every occasion:
Letter of Indemnity. All indebtedness of the Borrower to the Lender under this Loan Agreement is to be secured by an indemnity from the Provider of Services in aform satisfactory to the Lender.
Letter of Indemnity. If 1/3 original xxxx of lading has not been received by Buyer within 5 Business Days prior to the ETA of the vessel at the Discharge Port, Buyer shall provide to Seller a letter of indemnity signed by Buyer in the ship owner’s P&I club format upon Seller’s request, for delivery of the Parcel against non-presentation of the original bills of lading. Seller will in turn issue a back to back Letter of Indemnity in the same format to the ship owner. Any delay by Seller, master of the vessel, or vessel’s agents in performing the requirements of this Section 4.13 shall not count as Laytime or time on Demurrage.
Letter of Indemnity. 21.1 In case the Seller is not able to deliver to the Buyer in due time the set of original bills of lading of each cargo’s batch, and then the Seller has to provide the Buyer with a hard – copy of letter of indemnity to temporarily missing original bills of lading.
Letter of Indemnity. All indebtedness of the Borrower to the of proncipal, interest, charges, costs (including any broken funding to be given on acceptance of the Loan Agreement, on each day that Lender under this Loan Agreement is to be secured by an indemnity costs) and expenses) remain outstanding, the Borrower shall give interest is payable under the Loan Agreement, on the date upon which from the Provider of Services in a form satisfactory to the Lender. three business days prior notice to the Lender and the Borrower shall any drawdown under the Loan is requested and on the date of each
Letter of Indemnity. Pursuant to a Letter of Indemnity, dated as of April 23, 2010, Millstone Coffee, Inc. agreed to indemnify MSC Mediterranean Shipping Company S.A. for an amount not to exceed $272,238 in connection with a cargo shipment.
Letter of Indemnity. 1. In consideration of your agreeing, at the undersigned’s request, to negotiate, purchase, pay against, and/or collect, at your sole discretion and subject to the terms and conditions in facility agreement(s) separately entered into between you and the undersigned, from time to time the bill(s) of exchange and/or any other document(s), including those particularised in the Schedule herein, if any, with or without letter of credit, in the circumstances in which the issuing and/or collecting bank(s) which is/are not your correspondent(s), or in which without presentation of full set of transport documents and/or transport documents consigned to buyers including without limitation bills of lading, air waybills and parcel postal receipt, or in any other circumstances, the undersigned hereby undertake to reimburse and repay to you forthwith on demand the principal or proceeds of the said negotiation or purchase, interest, penalty, damages, claims, losses, costs and expenses of whatsoever nature that may be incurred or sustained by you (regardless of whether the said bill(s) of exchange and documents have been returned to you) for whatsoever reason, including but without limitation, any default, malpractices or omission whatsoever of the non-correspondent banks or as a result of your contemplation (which is conclusive and binding on the undersigned) that there may be a possibility for such default, malpractice or omission to occur, and the undersigned further undertake, as the case may be, to notify you forthwith to whom all or part of the transport document(s) has/have been sent and to refund to you immediately upon your demand the full value of the said bill(s) together with the interest therefrom accrued (to be calculated at the rate determined by you at your sole discretion).
Letter of Indemnity. If SELLER is not able to deliver to the BUYER or BUYER’S bank in due time the full set of original bills of lading or other shipping documents with respect to each cargo, then SELLER will then provide BUYER with a hard-copy Letter of Indemnity with respect to temporarily missing shipping documents. The wording of this Letter of Indemnity shall conform with the Standard forms recommended by the International Group of P & I Clubs and shall cease to have effect upon presentation of the original Bills of Lading or other shipping documents. In the event of unusual circumstances, which prevent the Seller from presenting to the Buyer the original bills of lading within in a sixty (60) day period, the Seller agrees to provide the Buyer and the Buyer agrees to accept a second and subsequent letter of indemnity covering the cargo batch in question.
Letter of Indemnity. In order to obtain the clean bill of lading, the carriers may accept that the shipper signs a letter of indemnity to the carrier on the basis of which may be obtained the clean bill of lading, although the dock or mate’s receipt showed that the shipment was damaged or in bad condition. Liner : A vessel sailing between specified ports on a regular basis. Liter : 1.06 liquid U.S. quarts or 33.9 fluid ounces. Manifest : Document that lists in detail all the bills of lading issued by a carrier or its agent or master for a specific voyage. A detailed summary of the total cargo of a vessel. Used principally for Customs purposes. Master´s Protest : A document prepared by the captain of a vessel on arriving at port; shows conditions encountered during voyage, generally for the purpose of relieving ship owner of any loss to cargo and shifting responsibility for reimbursement to the insurance company. Meter : 39.37 inches (approximately). Metric Ton : 2,204.6 pounds or 1,000 kilograms. Modified Atmosphere : A blend of gases tailored to replace the normal atmosphere within a container. MT : Abbreviation for ”Metric Ton.” Multimodal : Synonymous for all practical purposes with ”Intermodal.” Non-Vessel Operating Common Carrier (NVOCC) : A cargo consolidator in ocean trades who will buy space from a carrier and sub sell it to smaller shippers. The NVOCC issues bills of lading, publishes tariffs and otherwise conducts itself as an ocean common carrier, except that it will not provide the actual ocean or intermodal service.
Letter of Indemnity. Letter of Indemnity is a legal binding letter between two parties, Seller Company and the Nominee, whereas the Seller Company pursuant to the execution of the Loan Agreement, cooperation agreement, pledge of share agreement, hereby agrees to indemnify, defend and hold harmless Nominee, his spouse and/or heirs (hereinafter collectively referred to as the “Indemnitees”) from and against any and all liabilities whatsoever including environmental liabilities, losses, damages, penalties, judgments, claims, costs and expenses of any kind of nature whatsoever (including attorneys’ fees, including allocated costs of in-house counsel, and from disbursements in connection with any actual or threatened investigative, administrative or judicial proceeding, whether or not such Indemnitee shall be designated a party thereto) that may be imposed on, incurred by or asserted against such Indemnitee, in any manner relating to, arising out of, or as a result of Nominee being the shareholder of the Company, including but not limited to the tax payment obligations, save for the willful default and/or negligence of Nominee.
