These Conditions of Carriage apply to all contracts of carriage evidenced by a Federated Cargo Line Bill of Lading.

FEDERATED CARGO LINE PTE. LTD.

CONDITIONS OF CARRIAGE

(Terms and Conditions on Reverse of Bill of Lading)

1. DEFINITIONS

“Authority” means any governmental, quasi-governmental, judicial, administrative, regulatory, customs, port, health, safety, environmental or law-enforcement authority or body having jurisdiction.

“Carrier” means Federated Cargo Line Pte. Ltd., #20-09 International Plaza, 10 Anson Road, Singapore 079903 on whose behalf this Bill of Lading has been signed.

“Goods” means the cargo accepted from the Shipper and includes any Container not supplied by or on behalf of the Carrier.

“Container” includes any container, trailer, transportable tank, flat or pallet.

“IMDG Code” means the International Maritime Dangerous Goods Code adopted by the International Maritime Organization, as amended or replaced and in force at the relevant time.

“Merchant” includes the Shipper, Holder, Consignee, the receiver of the Goods, any person owning or entitled to the possession of the Goods or this Bill of Lading and anyone acting on behalf of any such person.

“Holder” means any person for the time being in possession of this Bill of Lading to whom the property in the Goods has passed on or by reason of the consignment of the Goods or the endorsement of this Bill of Lading or otherwise.

“SOLAS” means the International Convention for the Safety of Life at Sea, 1974, as amended or replaced and in force at the relevant time.

“Verified Gross Mass” or “VGM” means the total gross mass of a packed Container obtained, verified and documented in accordance with SOLAS and applicable law.

Reference to the internal law of a State shall be deemed to exclude all principles of private international law applied by such State.

“Dangerous Goods” includes:

(a) any Goods classified, listed, designated, regulated, treated or considered as dangerous or hazardous under:

(i) the IMDG Code;

(ii) any applicable law, regulation, code, convention or requirement; or

(iii) any determination, classification, direction or requirement of an Authority;

(b) any Goods which are or may become dangerous, hazardous, inflammable, explosive, radioactive, toxic, noxious, infectious, corrosive, polluting or otherwise damaging to themselves, any person, any other Goods, Container, vessel, property or the environment;

(c) any Goods which are dangerously, inadequately or improperly packed, prepared, stowed, secured, labelled or marked, or whose packaging, preparation, stowage, securing, labelling or marking may create or increase any danger or risk;

(d) any Goods which are liable to self-heat, combust, emit heat or gas, leak, corrode, contaminate, infest, destabilise, react, deteriorate, cause structural damage, or harbour or encourage vermin or other pests;

(e) any Goods which, owing to their nature, condition, composition, concentration of weight, packaging or any legal, administrative or other obstacle relating to their packing, handling, storage, carriage, discharge, delivery or disposal, may be detained or may cause any person, Goods, Container, vessel, means of transport or other property to be detained; and

(f) any empty receptacle, packaging, Container or transport unit previously used for Dangerous Goods unless it has been properly cleaned, purged or otherwise rendered safe and, where applicable, certified as safe.

2. CARRIER’S TARIFF

The terms of the Carrier’s applicable Tariff are incorporated herein. Copies of the relevant provisions of the applicable Tariff are obtainable from the Carrier upon request. In the case of inconsistency between this Bill of Lading and the applicable Tariff, this Bill of Lading shall prevail.

3. WARRANTY

The Merchant warrants that in agreeing to the terms here or of this Bill of Lading, he has the authority of the person owning or entitled to the possession of the Goods or this Bill of Lading.

4. SUB-CONTRACTING

(i) The Carrier shall be entitled to sub-contract on any terms the whole or any part of the carriage, loading, unloading, storing, warehousing, handling and any and all duties whatsoever undertaken by the Carrier in relation to the Goods.

(ii) The Merchant undertakes that no claim or allegation shall be made against any servant, agent, or sub-contractor, including, without limiting the generality of the foregoing, terminal and depot operators, of the Carrier which imposes or attempts to impose upon any of them or any vessel owned by any of them any liability whatsoever in connection with the Goods, and, if any such claim or allegation should nevertheless be made, to indemnify the Carrier against all consequences thereof. Without prejudice to the foregoing every such servant, agent and sub-contractor, including, without limiting the generality of the foregoing, terminal and depot operators, shall have the benefit of all provisions herein benefiting the Carriers as if such provisions were expressly for their benefit; and in entering into this contract the Carrier, to the extent of those provisions, does so not only on its own behalf but also as agent and trustee for such servants, agents and sub-contractors.

(iii) The expression ‘sub-contractor’ in this clause shall include direct and indirect sub-contractors and their respective servants and agents.

5. CARRIER’S RESPONSIBILITIES

(i) The Carrier shall be liable for loss of or damage to the Goods, occurring between the time when he receives the Goods for transportation and the time of delivery.

(ii) The Carrier shall, however, be relieved of liability for any loss or damage if such loss or damage arose or resulted from:

(a) the wrongful act or neglect of the Merchant;

(b) compliance with the instructions of the person entitled to give them;

(c) the lack of or insufficient of or defective condition of packing in the case of Goods which, by their nature, are liable to wastage or to be damaged when not packed or when not properly packed;

(d) handling, loading, stowage or unloading of the Goods by or on behalf of the Merchant;

(e) inherent vice of the Goods;

(f) insufficiency or inadequacy of marks or numbers on the Goods, covering or Containers;

(g) strikes or lock-outs or stoppage or restraints of labour from whatever cause whether partial or general;

(h) any cause or event which the Carrier could not avoid and the consequences whereof he could not prevent by the exercise of reasonable diligence;

(iii) Where, under sub-clause (ii) above, the Carrier is not under any liability in respect of some of the factors causing the loss or damage he shall only be liable to the extent that those factors for which he is liable under this Clause have contributed to the loss or damage.

(iv) The burden of proving that the loss or damage was due to one or more of the causes, or events, specified in (a) to (h) of sub-clause (ii) above shall rest upon the Carrier.

When the Carrier establishes that in the circumstances of the case, the loss or damage could be attributed to one or more of the causes or events specified in (a) to (g) of sub-clause (ii), it shall be presumed that it was so caused. The Merchant shall, however, be entitled to prove that the loss or damage was not, in fact, caused either wholly or partly by one or more of the causes or events.

6. THE AMOUNT OF COMPENSATION

(i) When the Carrier is liable for compensation in respect of loss of or damage to the Goods, such compensation shall be calculated by reference to the invoice value of the Goods plus freight charges and insurance if paid.

(ii) If there is no invoice value of the Goods, such compensation shall be calculated by reference to the value of such Goods at the place and time they are delivered to the Merchant in accordance with the contract or should have been delivered. The value of the Goods shall be fixed according to the commodity exchange price or, if there be no such price according to the current market price or, if there be no commodity exchange price or current market price, by reference to the normal value of goods of the same kind and quality.

(iii) Compensation shall not however exceed US$2 per kilo or gross weight of the Goods lost or damaged.

(iv) Higher compensation may be claimed only where, before shipment: (a) the nature and value of the Goods have been declared in writing by the Shipper; (b) the Carrier has expressly agreed in writing to accept the declared value; (c) the declared value has been stated on the face of this Bill of Lading; and (d) any additional ad valorem Freight agreed by the Carrier has been paid. In that event, the declared value shall be substituted for the otherwise applicable limit, but shall not be conclusive evidence of the actual value of the Goods. Any partial loss or damage shall be adjusted pro rata by reference to the declared value. A value appearing in any invoice, packing list, customs document, insurance document, letter of credit, booking request, shipping instruction or other document shall not by itself constitute a declaration of value for the purposes of this Clause or increase the Carrier’s liability.

7. SPECIAL PROVISIONS

(1) Notwithstanding anything provided for in Clauses 5 and 6 of this Bill of Lading and subject to Clauses 18 and 19 if it can be proved where the loss or damage occurred the Carrier and the Merchant shall, as to the liability of the Carrier, be entitled to require such liability to be determined:

(a) by the provisions contained in any international convention or national law, which provisions –

(i) cannot be departed from by private contract to the detriment of the Merchant, and

(ii) would have applied if the Merchant had made a separate and direct contract with the Carrier in respect of the particular stage of transport where the loss or damage occurred and received as evidence thereof any particular document which must be issued if such international convention or national law shall apply,

Provided that an international convention or national law may be invoked as aforesaid only if it would have been applicable if the contract referred in (ii) above were governed.

(2) Where the loss or damage occurred between the time that the Goods were received by the Carrier for transportation and the time that the Goods were loaded at the port of loading, by the internal law of the State of the place of receipt, or

(3) Where the loss or damage occurred during carriage by sea, by the internal law of the final port of discharge; or

(4) Where the loss or damage occurred between the time that the Goods were discharged at the final port of discharge and the time that the Goods were delivered to the Merchant by the internal law of the State of the place of delivery, or

(i) by the Hague Rules contained in the international Convention at Brussels for the Unification of Certain Rules Relating to Bill of Lading dated 25th August, 1924 as amended by the Brussels Protocol of 23rd February 1968, if the loss or damage is proved to have occurred at sea or on inland waterways, for the purposes of this sub-clause the limitation of liability under the Hague Rules shall be deemed to be £100 sterling, lawful money of the United Kingdom per package or until and references in the Hague Rules to carriage by sea shall be deemed to include references to carriage by inland waterways and the Hague Rules shall be construed accordingly, or

(ii) by standard Japanese Railway Transportation Clauses if the loss or damage is proved to have occurred during carriage by road in Japan, or

(iii) by Japanese Railway Transportation Business law and Ministerial Ordinance for Railway Transportation if the loss or damage is proved to have occurred during carriage by rail in Japan.

(5) If the whole of the carriage undertaken by the Carrier is limited to carriage from a Container Yard (CY) or Container Freight Station (CFS) in or immediately adjacent to sea terminal at the port of loading to a CY or CFS in or immediately adjacent to the sea terminal at the port of discharge, the liability of the Carrier shall be determined by the national law which shall be applicable to the carriage by sea under paragraph (a) above or failing which by the Hague Rules referred to in (4)(i) above irrespective of whether the loss or damage is proved to have occurred during the period of carriage at sea or port or subsequent thereto.

8. GENERAL

(i) The Carrier does not undertake that the Goods shall arrive at the port of discharge or place of delivery at any particular time or to meet any particular market or so and save as provided in Clause 8(ii) the Carrier shall in no circumstances be liable for any direct, indirect or consequential loss or damage caused by delay and shall in no cases exceed the freight for the transport covered by the Bill of Lading.

(ii) Save as otherwise provided herein, the Carrier shall in no circumstances be liable for direct or indirect or consequential loss or damage arising from any other cause whatsoever.

(iii) The terms of this Bill of Lading shall govern the responsibility of the Carrier in connection with or arising out of the supply of a Container to the Merchant whether before or after the Goods are received by the Carrier for transportation or delivered to the Merchant

9. NOTICE OF LOSS; TIME BAR

(i) Unless notice of loss or damage to the Goods and the general nature of it shall be given in writing to the Carrier at the place of delivery before or at the time of removal of the Goods into the custody of the person entitled to delivery thereof under this Bill of Lading, or if the loss or damage be not apparent, within seven consecutive days thereafter, such removal shall be prima facie evidence of the delivery by the Carrier of the Goods as described in this Bill of Lading.

(ii) Subject to paragraph (iii) below the Carrier shall be discharged of all liability under this Bill of Lading unless suit is brought and written notice thereof given to the Carrier within nine months after delivery of the Goods. In the case of total loss of the Goods the period shall begin to run two months after the Goods have been received for transportation.

(iii) Notwithstanding paragraph (ii) above, if the whole of the carriage undertaken by the Carrier is limited to the carriage from a CY or CFS in or immediately adjacent to the sea terminal at the port of loading to a CY or CFS in or adjacent to the sea terminal at the port of discharge, the Carrier shall be discharged from all liability whatsoever in respect of the Goods, unless suit is brought within one year of their delivery or of the date when they should have been delivered.

10. DEFENCES AND LIMITS FOR THE CARRIER

(i) The defences and limits of liability provided for in this Bill of Lading shall apply in any action against the Carrier for loss or damage to the Goods whether the action can be founded in contract or in tort.

(ii) Notwithstanding sub-clause (i), where and to the extent required by any compulsorily applicable law, the Carrier shall not be entitled to the benefit of the limitation of liability provided in Clause 6(iii) if it is proved that the loss or damage resulted from an act or omission of the Carrier done with intent to cause such loss or damage, or recklessly and with knowledge that such loss or damage would probably result.

11. SHIPPER-PACKED CONTAINERS

1) If a Container has not been filled, packed, stuffed or loaded by the Carrier, the Carrier shall not be liable for loss of or damage to the content and the Merchant shall indemnify and hold harmless the Carrier against any loss, damage, liability or expense incurred by the Carrier, if such loss, damage, liability or expense has been caused by:

a) the manner in which the container has been filled, packed, stuffed, or loaded; or

b) The unsuitability of the contents for carriage in Containers; or

c) The unsuitability or defective condition of the Container arising without any want of due diligence on the part of the Carrier to make the Container reasonably fit for the purpose for which it is required; or

d) The unsuitability or defective condition of the Container which would have been apparent upon reasonable inspection by the Merchant at or prior to the time when the Container was filled, packed, stuffed, or loaded.

2) If at any time it appears that, due to the condition of the Goods or the manner in which they have been stuffed, the Goods cannot safely or properly be carried or carried further, the Carrier may without notice to the Merchant take any measures and/or incur any additional expense to carry or continue the carriage, and/or sell, dispose of, destroy or render harmless the Goods, all of which shall constitute due delivery under this Bill of Lading. The Merchant shall indemnify the Carrier against all loss, damage, costs and expenses arising therefrom.

12. INSPECTION OF GOODS

The Carrier shall be entitled, but under no obligation, to open any Container at any time and to inspect the contents. If it thereupon appears that the contents or any part thereof cannot safely or properly be carried or carried further, either at all or without incurring any additional expense or taking any measures in relation to the Container or its contents or any part thereof, the Carrier may abandon the transportation thereof and/or take any measures and/or incur any reasonable additional expense to carry or to continue the carriage or to store the same ashore or afloat under cover or in the open at any place, which storage shall be deemed to constitute due delivery under this Bill of Lading. The Merchant shall indemnify and hold harmless the Carrier against any reasonable additional expense so incurred.

13. DESCRIPTION OF GOODS

(i) This Bill of Lading shall be prima facie evidence of the receipt by the Carrier in apparent good condition except as otherwise noted of the total number of Containers or other packages or units enumerated overleaf. Proof to the contrary shall not be admissible when this Bill of Lading has been transferred to a third party acting in good faith.

(ii) No representation is made by the Carrier as to the weight, contents, measure, quantity, quality, description, condition, marks, numbers or value of the Goods and the Carrier shall be under no responsibility whatsoever in respect of such description or particulars.

14. SHIPPER’S RESPONSIBILITY

(i) The Shipper warrants to the Carrier that the particulars relating to the Goods as set overleaf have been checked by the Shippers on receipt of this Bill of Lading and that such particulars and any other particulars furnished by or on behalf of the Shippers are correct.

(ii) The Shippers shall indemnify and hold harmless the Carrier against all loss, damage and expenses arising or resulting from inaccuracies in or inadequacy of such particulars. The right of the Carrier to such indemnity shall in no way limit his responsibility and liability under this Bill of Lading to any person other than the Shipper.

(iii) It shall be the Shipper’s sole responsibility to obtain or cause to be obtained and to provide to the Carrier, by the applicable cut-off time, an accurate VGM for each packed Container in accordance with SOLAS, applicable law and the requirements of the Carrier, any sub-contractor, terminal or Authority.

(iv) The Shipper warrants that:

(a) the VGM and all particulars concerning the weight, mass and distribution of weight of the Goods and Container are complete and accurate;

(b) the VGM has been obtained, verified and documented in accordance with SOLAS and all applicable laws and requirements; and

(c) the Container does not exceed the maximum permissible gross mass shown on its safety approval plate or any applicable legal, road, rail, terminal, vessel or operational weight limit.

(v) If any VGM or other required weight information is not provided accurately and within the applicable time limit, or if the Carrier reasonably considers such information to be inaccurate or incomplete, the Carrier shall be under no obligation to commence or continue the Carriage and may:

(a) weigh or reweigh the Container or Goods;

(b) refuse, defer or cancel loading or Carriage;

(d) take any other action which the Carrier reasonably considers necessary or appropriate.

The Merchant shall pay all resulting Freight, charges, costs and expenses and shall indemnify and hold harmless the Carrier against all resulting loss, damage, delay, detention, demurrage, fines, penalties, liabilities and claims.

15. FREIGHT AND CHARGES

(i) Freight and charges shall be deemed fully earned receipt of the Goods by the Carrier and shall be paid and non-refundable in any event.

(ii) The Merchant’s attention is drawn to the stipulations concerning currency in which the freight and charges are to be paid rate of exchange, devaluation and other contingencies relative to freight and charges in the applicable Tariff.

(iii) The freight has been calculated on the basis of particulars furnished by or on behalf of the Shipper. The Carrier may at any time open any Container or other package or unit in order to reweigh, re-measure or revalue the contents, and if the particulars furnished by or behalf of the Shipper are incorrect, it is agreed that a sum equal to either five times the difference between the correct freight and the freight charged or to double the correct freight less the freight charged, whichever sum is the smaller, shall be payable as liquidated damages to the Carrier.

(iv) Full freight hereunder shall be due and payable at the place where this Bill of Lading is issued, by the Shipper in cash without deduction on receipt of the Goods or part thereof by the Carrier for Shipment even if stated in this Bill of Lading to be payable elsewhere and shall be deemed to have been fully earned upon such receipt of such goods. All charges due hereunder together with freight (if not paid at the port of loading as aforesaid) shall be due from and payable on demand by the Shipper, Consignee, Owner of the Goods or Holder of this Bill of Lading (who shall be jointly and severally liable to the Carrier therefor) at such port or place as the Carrier may require, vessel or cargo lost or not lost from any cause whatsoever.

16. LIEN

The Carrier shall have a lien on the Goods and any documents relating thereto for all sums payable to the Carrier under this contract and for general average contributions to whomsoever due and for the cost of recovering the same and also for all previously unsatisfied debts whatsoever due to the Carrier by the Merchant, and for that purpose shall have the right to sell the Goods by public auction or private treaty without notice to the Merchant.

17. OPTIONAL STOWAGE

(i) The Goods may be stowed by Carrier in Containers or similar articles of transport used to consolidate goods.

(ii) Goods stowed in Containers other than flats or pallets whether by the Carrier or the Merchant may be carried on or under deck without notice to the Merchant. Such Goods (other than livestock) whether carried on deck or under deck shall participate in general average and shall be deemed to be within the definition of goods for the purpose of Hague Rules.

18. DECK CARGO

Goods (not being Goods stowed in Containers other than flats or pallets) which are stated herein to be carried on deck are carried without responsibility on the part of the Carrier for loss or damage of whatsoever nature arising during carriage by sea whether caused by unseaworthiness or negligence or any other cause whatsoever.

19. LIVESTOCK

Livestock are carried at the sole risk of the Merchant. The Carrier shall be under no liability whatsoever for any injury illness, delay or destruction howsoever arising even though caused or contributed to by the act, neglect or default of the Carrier or by the unseaworthiness or unfitness of any vessel, craft, conveyance, container or other place existing at any time. In the event of the Master, in his sole discretion, considering that any livestock is likely to be injurious to the health of any other livestock or of any person on board or to cause the vessel to be delayed or impeded in the prosecution of the voyage, such livestock may be destroyed and thrown overboard without any liability attaching to the Carrier. The Merchant shall indemnify and hold harmless the Carrier against the cost of veterinary services on the voyage and of providing forage for any period during which the carriage delayed for any reason whatsoever, and of complying with the regulations of any authority at any country whatsoever with regard to such livestock.

20. METHODS AND ROUTES OF TRANSPORTATION

(i) The Carrier may at any time and without notice to the Merchant:

(a) use any means of transport or storage whatsoever.

(b) transfer the Goods from one conveyance to another including transshipping or carrying the same as another vessel than the vessel named overleaf or on any other means of transport whatsoever.

(c) proceed by any route to his discretion (whether or not the nearest or most direct or customary or advertised route) and proceed to or stay at any place or port whatsoever once or more often and in any order.

(d) load and unload the Goods at any place or port (whether or not any such port is named overleaf as the Port of Loading or Port of Discharge) and store the Goods at any such place or port.

(e) comply with any orders or recommendations given by any government or any person or body acting or purporting to act as or on behalf of such government or authority or having the terms of the insurance on the conveyance employed by the Carrier the right to give orders or directions.

(ii) The liberties set out in sub clause (i) may be invoked by the Carrier for any purpose whatsoever including undergoing repairs, towing or being towed, adjusting instruments, dry-docking, and assisting vessels in all situations and anything done in accordance with sub-clause (i) or any delay arising therefrom shall be deemed to be within the contractual carriage and shall not be a deviation

21. MATTERS AFFECTING PERFORMANCE

If at any time the performance of the contract evidenced by this Bill of Lading is likely to be affected by any hindrance, risk, delay, difficulty or disadvantage of whatsoever kind which cannot be avoided by the exercise of reasonable endeavours the Carrier (whether or not the transport is commenced) may without notice to the Merchant treat the performance of this contract as terminated and place the Goods or any part of them at the Merchant’s disposal at any place or port which the Carrier may in his sole discretion deem safe and convenient, whereupon the responsibility of the Carrier in respect to such Goods shall cease. The Carrier shall nevertheless be entitled to full freight and charges on Goods received for transportation and the Merchant shall pay any additional costs of the carriage to and delivery and the storage at such place or port. Notwithstanding the above, the Carrier reserves the right to reship the Goods without the Merchant’s consent and without this act constituting an act of conversion and the Merchant shall indemnify and hold the Carrier harmless for all liabilities and expenses incurred.

22. DANGEROUS GOODS

(i) The Merchant shall comply with the IMDG Code and all applicable laws, regulations and requirements of every Authority relating to Dangerous Goods.

The Merchant shall not tender any Dangerous Goods for carriage unless:

(a) the Merchant has first given the Carrier complete and accurate written particulars of their nature, composition, condition, quantity, characteristics, risks and required precautions;

(b) the Merchant has provided their correct description, proper shipping name, classification, UN number, packing group and flash point, where applicable;

(c) all required declarations, certificates, permits, approvals, safety data sheets and emergency-response information have been provided accurately and within the applicable time limits;

(d) the Goods and Container have been properly and safely packed, stowed, secured, segregated, labelled, placarded, marked and documented; and

(e) the Carrier has expressly agreed in writing to accept the Dangerous Goods, subject to any conditions imposed by the Carrier.

(ii) If Dangerous Goods are tendered in breach of sub-clause (i):

(a) the Carrier shall, subject to any compulsorily applicable law, not be liable for any loss, damage, delay or expense caused by or to the Dangerous Goods;

(b) the Merchant shall indemnify and hold harmless the Carrier against all loss, damage, delay, detention, penalties, fines, claims, liabilities, costs and expenses arising from or in connection with the Dangerous Goods or the breach; and

(c) the Dangerous Goods may, without notice, be returned, discharged, landed, stored, rendered harmless, destroyed, abandoned or otherwise dealt with as the Carrier or any person having custody of them reasonably considers appropriate, without compensation and at the Merchant’s risk and expense.

(iii) If Dangerous Goods which have been accepted by the Carrier subsequently constitute, or are reasonably considered likely to constitute, a risk to any person, Goods, Container, vessel, means of transport, property or the environment, or are liable to detention or to cause the detention of any person or property, the Carrier may take any of the actions specified in sub-clause (ii)(c), without notice where notice is not reasonably practicable.

Subject to any compulsorily applicable law, the Carrier shall not be liable by reason of any action reasonably taken under this sub-clause, and the Merchant shall pay all resulting Freight, charges, costs and expenses.

(iv) The Merchant warrants that all descriptions, declarations, particulars, documents and information supplied in relation to Dangerous Goods are complete, accurate, current and not misleading and that the Dangerous Goods correspond in all respects with the information supplied to and accepted by the Carrier.

23. REFRIGERATED AND TEMPERATURE-CONTROLLED CARGO

(1) The Merchant shall not tender for carriage any Goods requiring refrigeration, heating, ventilation, humidity control, controlled atmosphere or any other specialised carrying condition unless the Merchant has, before booking, given the Carrier complete written particulars of:

(a) the nature and condition of the Goods;

(b) the required carrying temperature or temperature range;

(d) all other precautions and handling requirements applicable to the Goods.

The Carrier shall be entitled to rely on those particulars without independently verifying their accuracy or suitability.

(2) Unless the Carrier has expressly agreed otherwise in writing, the Merchant shall ensure that the Goods are properly prepared and are at the required carrying temperature and condition before they are delivered to the Carrier or packed into the Container. This obligation applies whether or not the Container is packed by or on behalf of the Carrier.

(3) Where a refrigerated or other specialised Container has not been packed by or on behalf of the Carrier, whether it was packed by the Merchant or by any other person, the Merchant shall ensure that:

(a) the Goods are properly and sufficiently packed, stowed and secured;

(b) the Goods are stowed so as to permit adequate circulation of air and do not obstruct air passages or exceed any applicable load line;

(d) all temperature, ventilation, humidity, atmosphere and other controls which are to be set before receipt by the Carrier have been correctly set.

(4) Where the Carrier agrees to set or alter any control, the Carrier may rely entirely on the Merchant’s written instructions and shall not be obliged to determine whether the instructed settings are suitable for the Goods.

(5) The Carrier shall not be obliged to verify the internal or core temperature, moisture content or internal condition of the Goods. Any statement that the Goods were received in apparent good order and condition shall not constitute evidence that the Goods were received at any particular temperature, moisture level or internal condition.

(6) Refrigerated Containers are designed to maintain Goods at or near their agreed carrying temperature and are not designed to cool, freeze, heat or otherwise bring Goods tendered at an unsuitable temperature or condition to the required carrying temperature or condition, unless the Carrier expressly agrees otherwise in writing.

(7) If the Merchant requests or agrees that temperature-sensitive Goods be carried in a dry Container, a non-operating refrigerated Container or otherwise without active temperature control, the Carrier gives no undertaking concerning temperature, humidity, ventilation, atmosphere or condensation, and the Merchant assumes the risks inherent in that method of carriage.

(8) Subject to any compulsorily applicable law, the Carrier shall not be liable for loss of or damage to the Goods arising from any latent defect, derangement, breakdown, defrosting, stoppage or failure of any refrigerating, heating, ventilation, humidity-control, atmosphere-control or other specialised machinery, plant, insulation or apparatus, provided that the Carrier has exercised the due diligence and care required of it by applicable law.

24. REGULATIONS RELATING TO GOODS

The Merchant shall comply with all regulations or requirements of Customs, port and other authorities and shall bear and pay all duties, taxes, fines, imports expenses or losses incurred suffered by reason thereof or reason of any illegal, incorrect or insufficient marking, numbering or addressing of the Goods and indemnify and hold harmless the Carrier in respect thereof.

24A. SANCTIONS AND TRADE CONTROLS

(i) In this Clause, “Sanctions” means any trade, economic or financial sanction, embargo, export control, prohibition or restrictive measure imposed, administered or enforced by the United Nations, Singapore or any other Authority whose requirements apply to the Carrier, the Merchant, the Goods, the carriage, any intended route, vessel or other means of transport, any sub-contractor, insurer, reinsurer, bank or other person involved in the carriage.

(ii) The Merchant warrants that:

(a) the Merchant, Shipper, Consignee, receiver and, after reasonable enquiry, every person having a legal, beneficial or financial interest in the Goods or transaction is not a person with whom dealings are prohibited or restricted under applicable Sanctions;

(b) the Goods, their origin, destination, routing, end use and intended recipient do not contravene applicable Sanctions;

(c) no instruction given to the Carrier will require or cause the Carrier or any other person involved in the carriage to contravene applicable Sanctions or expose that person to any sanction, prohibition, restriction, penalty or material compliance risk; and

(d) all information and documents provided concerning these matters are complete, accurate, current and not misleading.

(iii) The Merchant shall promptly provide all information, documents, licences, permits and authorisations reasonably requested by the Carrier for sanctions, export-control or trade-control screening and compliance.

(iv) If the Carrier reasonably considers that accepting, commencing or continuing the carriage may contravene applicable Sanctions or expose the Carrier, any vessel, sub-contractor, insurer, reinsurer, bank or other person involved in the carriage to any sanction, prohibition, restriction, penalty or material compliance risk, the Carrier may:

(a) reject the Goods or any instruction;

(b) suspend, cancel or terminate the carriage;

(d) otherwise deal with the Goods as the Carrier reasonably considers necessary or appropriate.

(v) Subject to any compulsorily applicable law, the Carrier shall not be liable for any resulting loss, damage or delay.

(vi) The Merchant shall pay all resulting Freight, charges, costs and expenses and shall indemnify and hold harmless the Carrier against all loss, damage, delay, liabilities, fines, penalties, costs, expenses and claims arising from or in connection with any breach of this Clause.

(vii) Any screening, enquiry, investigation or due diligence undertaken or not undertaken by the Carrier shall be for the Carrier’s own benefit and shall not relieve the Merchant of any obligation, warranty or liability under this Clause.

25. NOTIFICATION AND DELIVERY

(i) Any mention in this Bill of Lading of parties to be notified of the arrival of the Goods is solely for information of the Carrier, and failure to give such notification shall not involve the Carrier in any liability nor relieve the Merchant of any obligation hereunder.

(ii)The Merchant shall take delivery of the Goods within the time provided for in the Carrier’s applicable Tariff.

(iii) If the Merchant fails to take delivery of the Goods or part of them in accordance with this Bill of Lading, the Carrier may without notice unstow the Goods or that part thereof and/or store the Goods or that part thereof ashore, afloat, in the open or under cover. Such storage shall constitute due delivery hereunder, and thereupon all liability whatsoever of the carrier in respect of the Goods or that part thereof shall cease.

(iv) The Merchant’s attention is drawn to the stipulations concerning free storage time and demurrage contained in the Carrier’s applicable Tariff which is incorporated into this Bill of Lading

(v) If the Merchant does not take delivery of the Goods within a reasonable time, or if the Goods:

(a) are perishable or deteriorating;

(b) cannot lawfully be delivered;

(d) otherwise remain uncleared, unclaimed or undelivered,

the Carrier may, subject to applicable law and after giving reasonable notice where reasonably practicable, unpack, sell, abandon, destroy, return or otherwise dispose of the Goods.

Where the Goods present an immediate risk, are perishable or deteriorating, or notice is not reasonably practicable, the Carrier may act without notice. Any action properly taken under this Clause shall constitute due delivery under this Bill of Lading.

(vi) All storage, demurrage, detention, reefer electricity, handling, customs, inspection, legal, return, sale, destruction, abandonment and disposal charges and expenses shall be payable by the Merchant.

Any net proceeds of sale remaining after deduction of all sums due to the Carrier shall be credited to the Merchant, and the Merchant shall remain liable for any shortfall.

26. BOTH-TO-BLAME COLLISION

If the (carrying) ship comes into collision with another ship as a result of the negligence of the other ship and any act, neglect or default in the navigation or the management of the carrying ship, the Merchant undertakes to pay the Carrier, or where the Carrier is not the owner and in possession of the carrying ship, to pay to the Carrier as trustee for the owner and/or demise charterer of the carrying ship, a sum sufficient to indemnify the Carrier and/or the owners and/or demise charterer of the carrying ship against all loss or liability to the other or non-carrying ship or her owners insofar as such loss or liability represents loss of or damage to, or any claim whatsoever of the Merchant, paid or payable by the other or non-carrying ship or her owners to the Merchant and set-off, recouped or recovered by the other or non-carrying ship or her owners as part of their claim against the carrying ship or her owners or demise charterer of the Carrier. The foregoing provisions shall also apply where the owners, operators, or those in charge of any ship or ships or objects, other than, or in addition to the colliding ships or objects, are at fault in respect to a collision, contact, stranding or other accident.

27. GENERAL AVERAGE

(i) General average shall be adjusted at any port or place at the option of the Carrier and subject to Clause 17(ii) in accordance with the York Antwerp Rules 1974 as amended 1990, provided that where an adjustment is made in accordance with the law and practice of the United States of America or of any other country having the same or similar law or practice the following clause shall apply.

New Jason Clause

(a) In the event of accident, danger, damage or disaster before or after the commencement of the voyage, resulting from any cause whatsoever, whether due to negligence or not, for which, or for the consequence of which, the Carrier is not responsible, by statute, contract or otherwise the Goods and the Merchant shall contribute with the Carrier in general average to the payment of any sacrifices, losses or expenses of a general average nature that may be made or incurred and shall pay salvage and special charges in respect of the Goods.

(b) If a saving vessel is owned or operated by the Carrier salvage shall be paid for as fully as if the said-salving vessel belonged to strangers.

(ii) If the Carrier delivers the Goods without obtaining security for general average contributions, the Merchant by taking delivery of the Goods, undertakes personal responsibility to pay such contributions and provide such cash deposit or other security for the estimated amount of such contribution as the Carrier shall reasonably require.

(iii) The Carrier shall be under no obligation to exercise any lien for general average contribution due to the Merchant

28. VARIATION OF THE CONTRACT

(i) No servant or agent of the Carrier shall have power to waive or vary any terms of this Bill of Lading unless such waiver or variation is in writing and is specifically authorised or ratified in writing by the Carrier.

(ii) The Carrier reserves the right to amend, modify or update these Conditions at any time. Any such amendment, modification or update shall become effective upon publication on the Carrier’s website or on any later effective date stated therein, and all contracts of carriage entered into thereafter shall be subject to the amended Conditions.

29. VESSELS ON CHARTER

In cases of goods being carried by a vessel not belonging to the Carrier but chartered by him, then the Carrier shall be entitled to any and all rights, demurrers, prescriptions, exemptions from and limitations of liability available to the Owners of the Vessel, as if the Bill of Lading has been issued by the Owner of the Vessel on his behalf.

30. LAW AND JURISDICTION

The contract evidenced hereby or contained herein shall be governed by Singapore law. Any claim or dispute thereunder shall be solely determined by the Singapore Courts unless the Carrier otherwise agrees in writing. However, the Carrier may nevertheless at its sole option bring proceedings against the Merchant in the competent courts of any other jurisdiction, including any in which the Merchant resides or may have assets. The Merchant waives any objections on the grounds of forum non-conveniens or any similar ground and if required by the Carrier to do so shall nominate an agent for service in Singapore. The Merchant agrees that it will not bring proceedings in any other forum other than Singapore and agrees to indemnify and hold harmless the Carrier against all consequences of its commencement of proceedings in any other forum other than the courts of Singapore.

31. WAR RISK CLAUSE

The ship shall have liberty to comply with any orders or directions as to departure, arrival, routes, ports of call, stoppages, destination, delivery or otherwise howsoever given by the Government of the nation under whose flag the vessel sails or any department thereof, or by any other Government or department thereof, of any person acting or purporting to act with the authority of any such Government or any department thereof, or by any committee or person having, under the terms of the War Risks Insurance on the ship, the right to give such orders or directions and if by reason of and in compliance with any such orders or directions anything is done or is not done, the same shall not be deemed a deviation, and delivery in accordance with such orders or directions shall be a fulfilment of the contract voyage and the freight shall be payable accordingly.

32. DEMISE CLAUSE

If the ship is not owned or chartered by demise to the Company or line by whom this Bill of Lading is issued (as may be the case notwithstanding anything that appears to the contrary) this Bill of Lading shall take effect only as a contract with the owner or demise charterer as the case may be as Principal made through the agency of the said Company or Line who acts as agents only and shall be under no personal liability whatsoever in respect thereof.

Version 2026071501 – Last updated on 15 July 2026

Bill of Lading Terms