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Factory Bond New

1. The document is a factory bond submitted by Hyundai Merchant Marine India Private Limited to allow the removal of import containers from designated sites to the consignee's premises. 2. Under the bond, the consignee agrees to remove the containers within 7 days and return them within 15 days, arranging for surveys before and after. They will pay any damage costs or detention charges if containers are late. 3. If containers are lost, the consignee will pay the container cost and applicable customs duty, and produce customs documents within 3 days of return along with surveys. The consignee also indemnifies the carrier from any consequences of complying with the request.

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Gaurav Pandey
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5K views2 pages

Factory Bond New

1. The document is a factory bond submitted by Hyundai Merchant Marine India Private Limited to allow the removal of import containers from designated sites to the consignee's premises. 2. Under the bond, the consignee agrees to remove the containers within 7 days and return them within 15 days, arranging for surveys before and after. They will pay any damage costs or detention charges if containers are late. 3. If containers are lost, the consignee will pay the container cost and applicable customs duty, and produce customs documents within 3 days of return along with surveys. The consignee also indemnifies the carrier from any consequences of complying with the request.

Uploaded by

Gaurav Pandey
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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(TO BE SUBMITTED ON Rs.

100 Non-judicial Stamp Paper) HYUNDAI MERCHANT MARINE INDIA PRIVATE LIMITED Viraj Tower, 6th Floor, Andheri Kurla Road Junction, Western Express Highway, Andheri East, Mumbai 400069. Dear Sirs, Removal of Import Container From BL Nos: Cntrs. Nos: Arrived Per vessel: Voy: IGM No: To

Item No(s):

In consideration of your allowing us to remove above mentioned import loaded containers to our premises. We, the undersigned, hereby undertake and guarantee you the following: 1. We shall at our cost & risk remove above containers from nominated site at within 7 days and return the same to your storage yard within 15 days from the date of its removal. 2. We shall at our cost arrange to survey the containers by your surveyors before removal from nominated sits and after returning at your storage yard. 3. In case of any damages to the containers whilst in our custody we shall pay the repair cost of damages as established by your surveyors. 4. In case we fail to return the containers within FIFTEEN DAYS from the date of removal, we shall obtain necessary permission from you and pay applicable container detention charges to retain the containers with us beyond 15 days. 5. In case the containers are lost whilst in our custody we shall pay you the cost of the containers and the customs duty applicable on the containers at the rate of INR.271000/ INR.542000 per 20'/40' & INR 2168000/ INR 4336000/- per 20 reefer/40reefer as the case may be. 6. We shall produce the triplicate copy of the bill of entry duly endorsed by customs within 3 days from the date of returning the containers along with survey reports. 7. We undertake to clear all outstanding charges prior to submission of the receipt to your office for cancellation of this undertaking. 8. We shall keep you and carriers completely indemnified and harmless from and against all consequences which may arise form 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 requirements. 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 government authorities discovering that there has been any violation in this respect. We as consignee of the cargo would be fully responsible for all the cost and consequences for the same. We further reaffirm that the containers would only be taken to our premises at and that we would approximately take days to return the containers back to your empty storage yard after removal. Place: Mumbai Dated: Yours faithfully, (Name & designation of signatory) Under Company's seal. DD of Rs 1000 per cntr required with factory bond as security deposit. Insurance Value for normal boxes (INR. 271000 for 20 / INR. 542000 for 40) Insurance Value for Reefer Boxes (INR 2168000 FOR 20 / INR 4336000 FOR 40.)

(Consignees signature to be verified by the bank

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