INT GROUP A


STANDARD FORM LETTER OF INDEMNITY TO BE GIVEN IN RETURN FOR
DELIVERING CARGO WITHOUT PRODUCTION OF THE ORIGINAL BILL OF
LADING


To :        [insert name of Owners]                                                        [insert
date]
       The Owners of the [insert name of ship]
       [insert address]

Dear Sirs

Ship:                [insert name of ship]

Voyage:        [insert load and discharge ports as stated in the bill of lading]

Cargo:                [insert description of cargo]

Bill of lading:         [insert identification numbers, date and place of issue]


The above cargo was shipped on the above ship by [insert name of shipper]
and consigned to [insert name of consignee or party to whose order the bill of
lading is made out, as appropriate] for delivery at the port of [insert name of
discharge port stated in the bill of lading] but the bill of lading has not arrived
and we, [insert name of party requesting delivery], hereby request you to
deliver the said cargo to [insert name of party to whom delivery is to be made]
at [insert place where delivery is to be made] without production of the
original bill of lading.

In consideration of your complying with our above request, we hereby agree
as follows :-

1.        To indemnify you, your servants and agents and to hold all of you
harmless in respect of any liability, loss, damage or expense of whatsoever
nature which you may sustain by reason of delivering the cargo in
accordance with our request.

2.        In the event of any proceedings being commenced against you or any
of your servants or agents in connection with the delivery of the cargo as
aforesaid, to provide you or them on demand with sufficient funds to defend
the same.

3.        If, in connection with the delivery of the cargo as aforesaid, the ship, or
any other ship or property in the same or associated ownership, management
or control, should be arrested or detained or should the arrest or detention
thereof be threatened, or should there be any interference in the use or
trading of the vessel (whether by virtue of a caveat being entered on the ship’
s registry or otherwise howsoever), to provide on demand such bail or other
security as may be required to prevent such arrest or detention or to secure
the release of such ship or property or to remove such interference and to
indemnify you in respect of any liability, loss, damage or expense caused by
such arrest or detention or threatened arrest or detention or such
interference , whether or not such arrest or detention or threatened arrest or
detention or such interference may be justified.

4.        If the place at which we have asked you to make delivery is a bulk
liquid or gas terminal or facility, or another ship, lighter or barge, then delivery
to such terminal, facility, ship, lighter or barge shall be deemed to be delivery
to the party to whom we have requested you to make such delivery.

5.        As soon as all original bills of lading for the above cargo shall have
come into our possession, to deliver the same to you, or otherwise to cause
all original bills of lading to be delivered to you, whereupon our liability
hereunder shall cease.

6.        The liability of each and every person under this indemnity shall be
joint and several and shall not be conditional upon your proceeding first
against any person, whether or not such person is party to or liable under this
indemnity.

7.        This indemnity shall be governed by and construed in accordance with
English law and each and every person liable under this indemnity shall at
your request submit to the jurisdiction of the High Court of Justice of England.



Yours faithfully
For and on behalf of
[insert name of Requestor]
The Requestor



…………………………………
Signature

INT GROUP AA


STANDARD FORM LETTER OF INDEMNITY TO BE GIVEN IN RETURN FOR
DELIVERING CARGO WITHOUT PRODUCTION OF THE ORIGINAL BILL OF
LADING INCORPORATING A BANK’S AGREEMENT TO JOIN IN THE LETTER
OF INDEMNITY


To :        [insert name of Owners]                                                        [insert
date]
       The Owners of the [insert name of ship]
       [insert address]

Dear Sirs

Ship:                [insert name of ship]

Voyage:        [insert load and discharge ports as stated in the bill of lading]

Cargo:                [insert description of cargo]

Bill of lading:         [insert identification numbers, date and place of issue]


The above cargo was shipped on the above ship by [insert name of shipper]
and consigned to [insert name of consignee or party to whose order the bill of
lading is made out, as appropriate] for delivery at the port of [insert name of
discharge port stated in the bill of lading] but the bill of lading has not arrived
and we, [insert name of party requesting delivery], hereby request you to
deliver the said cargo to [insert name of party to whom delivery is to be made]
at [insert place where delivery is to be made] without production of the
original bill of lading.

In consideration of your complying with our above request, we hereby agree
as follows :-

1.        To indemnify you, your servants and agents and to hold all of you
harmless in respect of any liability, loss, damage or expense of whatsoever
nature which you may sustain by reason of delivering the cargo in
accordance with our request.

2.        In the event of any proceedings being commenced against you or any
of your servants or agents in connection with the delivery of the cargo as
aforesaid, to provide you or them on demand with sufficient funds to defend
the same.

3.        If, in connection with the delivery of the cargo as aforesaid, the ship, or
any other ship or property in the same or associated ownership, management
or control, should be arrested or detained or should the arrest or detention
thereof be threatened, or should there be any interference in the use or
trading of the vessel (whether by virtue of a caveat being entered on the ship’
s registry or otherwise howsoever), to provide on demand such bail or other
security as may be required to prevent such arrest or detention or to secure
the release of such ship or property or to remove such interference and to
indemnify you in respect of any liability, loss, damage or expense caused by
such arrest or detention or threatened arrest or detention or such
interference , whether or not such arrest or detention or threatened arrest or
detention or such interference may be justified.

4.        If the place at which we have asked you to make delivery is a bulk
liquid or gas terminal or facility, or another ship, lighter or barge, then delivery
to such terminal, facility, ship, lighter or barge shall be deemed to be delivery
to the party to whom we have requested you to make such delivery.

5.        As soon as all original bills of lading for the above cargo shall have
come into our possession, to deliver the same to you, or otherwise to cause
all original bills of lading to be delivered to you, whereupon our liability
hereunder shall cease.

6.        The liability of each and every person under this indemnity shall be
joint and several and shall not be conditional upon your proceeding first
against any person, whether or not such person is party to or liable under this
indemnity.

7.        This indemnity shall be governed by and construed in accordance with
English law and each and every person liable under this indemnity shall at
your request submit to the jurisdiction of the High Court of Justice of England.


Yours faithfully
For and on behalf of
[insert name of Requestor]
The Requestor



…………………………………
Signature



We, [insert  name  of the Bank], hereby agree to join in this Indemnity
providing always that the Bank’s liability:-

1.        shall be restricted to payment of specified sums of money demanded
in relation to the Indemnity (and shall not extend to the provision of bail or
other security)

2.        shall be to make payment to you forthwith on your written demand in
the form of a signed letter certifying that the amount demanded is a sum due
to be paid to you under the terms of the Indemnity and has not been paid to
you by the Requestor or is a sum which represents monetary compensation
due to you in respect of the failure by the Requestor to fulfil its obligations to
you under the Indemnity. For the avoidance of doubt the Bank hereby
confirms that:-

(a)         such compensation shall include, but not be limited to, payment of
any amount up to the amount stated in proviso 3 below in order to enable you
to arrange the provision of security to release the ship (or any other ship in
the same or associated ownership, management or control) from arrest or to
prevent any such arrest or to prevent any interference in the use or trading of
the ship, or other ship as aforesaid, and

(b)           in the event that the amount of compensation so paid is less than
the amount stated in proviso 3 below, the liability of the Bank hereunder shall
continue but shall be reduced by the amount of compensation paid.

3.        shall be limited to a sum or sums not exceeding in aggregate [insert
currency and amount in figures and words]

4.        subject to proviso 5 below, shall terminate on [date six years from the
date of the Indemnity) (the ‘Termination Date’), except in respect of any
demands for payment received by the Bank hereunder at the address
indicated below on or before that date.

5.        shall be extended at your request from time to time for a period of two
calendar years at a time provided that:-

       a)        the Bank shall receive a written notice signed by you and stating
that the Indemnity is required by you to remain in force for a further period of
two years, and

       b)        such notice is received by the Bank at the address indicated
below on or before the then current Termination Date.

       Any such extension shall be for a period of two years from the then
current Termination Date and, should the Bank for any reason be unwilling to
extend the Termination Date, the Bank shall discharge its liability by the
payment to you of the maximum sum payable hereunder (or such lesser sum
as you may require).

       However, in the event of the Bank receiving a written notice signed by
you, on or before the then current Termination Date, stating that legal
proceedings have been commenced against you as a result of your having
delivered the said cargo as specified in the Indemnity, the Bank agrees that
its liability hereunder will not terminate until receipt by the Bank of your signed
written notice stating that all legal proceedings have been concluded and that
any sum or sums payable to you by the Requestor and/or the Bank in
connection therewith have been paid and received in full and final settlement
of all liabilities arising under the Indemnity.

6.        shall be governed by and construed in accordance with the law
governing the Indemnity and the Bank agrees to submit to the jurisdiction of
the court stated within the Indemnity.

It should be understood that, where appropriate, the Bank will only produce
and deliver to you all original bills of lading should the same come into the
Bank’s possession, but the Bank agrees that, in that event, it shall do so.

The Bank agrees to promptly notify you in the event of any change in the full
details of the office to which any demand or notice is to be addressed and
which is stated below and it is agreed that you shall also promptly notify the
Bank in the event of any change in your address as stated above.

Please quote the Bank’s Indemnity Ref ……………………… in all
correspondence with the Bank and any demands for payment and notices
hereunder.



Yours faithfully
For and on behalf of
[insert name of bank]
[insert full details of the office to which any demand or notice is to be
addressed]



…………………………….
Signature

INT GROUP B


STANDARD FORM LETTER OF INDEMNITY TO BE GIVEN IN RETURN FOR
DELIVERING CARGO AT A PORT OTHER THAN THAT STATED IN THE BILL
OF LADING


To :        [insert name of Owners]                                                        [insert
date]
       The Owners of the [insert name of ship]
       [insert address]

Dear Sirs

Ship:                [insert name of ship]

Voyage:        [insert load and discharge ports as stated in the bill of lading]

Cargo:                [insert description of cargo]

Bill of lading:        [insert identification number, date and place of issue]


The above cargo was shipped on the above ship by [insert name of shipper]
and consigned to [insert name of consignee or party to whose order the bill of
lading is made out, as appropriate] for delivery at the port of [insert name of
discharge port stated in the bill of lading] but we, [insert name of party
requesting substituted delivery], hereby request you to order the ship to
proceed to and deliver the said cargo at [insert name of substitute port or
place of delivery] against production of at least one original bill of lading.

In consideration of your complying with our above request, we hereby agree
as follows :-

1.        To indemnify you, your servants and agents and to hold all of you
harmless in respect of any liability, loss, damage or expense of whatsoever
nature which you may sustain by reason of the ship proceeding and giving
delivery of the cargo against production of at least one original bill of lading in
accordance with our request.

2.        In the event of any proceedings being commenced against you or any
of your servants or agents in connection with the ship proceeding and giving
delivery of the cargo as aforesaid, to provide you or them on demand with
sufficient funds to defend the same.

3.        If, in connection with the delivery of the cargo as aforesaid, the ship, or
any other ship or property in the same or associated ownership, management
or control, should be arrested or detained or should the arrest or detention
thereof be threatened, or should there be any interference in the use or
trading of the vessel (whether by virtue of a caveat being entered on the ship’
s registry or otherwise howsoever), to provide on demand such bail or other
security as may be required to prevent such arrest or detention or to secure
the release of such ship or property or to remove such interference and to
indemnify you in respect of any liability, loss, damage or expense caused by
such arrest or detention or threatened arrest or detention or such
interference, whether or not such arrest or detention or threatened arrest or
detention or such interference may be justified.

4.        The liability of each and every person under this indemnity shall be
joint and several and shall not be conditional upon your proceeding first
against any person, whether or not such person is party to or liable under this
indemnity.

5.        This indemnity shall be governed by and construed in accordance with
English law and each and every person liable under this indemnity shall at
your request submit to the jurisdiction of the High Court of Justice of England.



Yours faithfully
For and on behalf of
[insert name of Requestor]
The Requestor



…………………………………
Signature


INT GROUP BB


STANDARD FORM LETTER OF INDEMNITY TO BE GIVEN IN RETURN FOR
DELIVERING CARGO AT A PORT OTHER THAN THAT STATED IN THE BILL
OF LADING INCORPORATING A BANK’S AGREEMENT TO JOIN IN THE
LETTER OF INDEMNITY


To :        [insert name of Owners]                                                        [insert
date]
       The Owners of the [insert name of ship]
       [insert address]

Dear Sirs

Ship:                [insert name of ship]

Voyage:        [insert load and discharge ports as stated in the bill of lading]

Cargo:                [insert description of cargo]

Bill of lading:        [insert identification number, date and place of issue]


The above cargo was shipped on the above ship by [insert name of shipper]
and consigned to [insert name of consignee or party to whose order the bill of
lading is made out, as appropriate] for delivery at the port of [insert name of
discharge port stated in the bill of lading] but we, [insert name of party
requesting substituted delivery], hereby request you to order the ship to
proceed to and deliver the said cargo at [insert name of substitute port or
place of delivery] against production of at least one original bill of lading.

In consideration of your complying with our above request, we hereby agree
as follows :-

1.        To indemnify you, your servants and agents and to hold all of you
harmless in respect of any liability, loss, damage or expense of whatsoever
nature which you may sustain by reason of the ship proceeding and giving
delivery of the cargo against production of at least one original bill of lading in
accordance with our request.

2.        In the event of any proceedings being commenced against you or any
of your servants or agents in connection with the ship proceeding and giving
delivery of the cargo as aforesaid, to provide you or them on demand with
sufficient funds to defend the same.

3.        If, in connection with the delivery of the cargo as aforesaid, the ship, or
any other ship or property in the same or associated ownership, management
or control, should be arrested or detained or should the arrest or detention
thereof be threatened, or should there be any interference in the use or
trading of the vessel (whether by virtue of a caveat being entered on the ship’
s registry or otherwise howsoever), to provide on demand such bail or other
security as may be required to prevent such arrest or detention or to secure
the release of such ship or property or to remove such interference and to
indemnify you in respect of any liability, loss, damage or expense caused by
such arrest or detention or threatened arrest or detention or such
interference, whether or not such arrest or detention or threatened arrest or
detention or such interference may be justified.

4.        The liability of each and every person under this indemnity shall be
joint and several and shall not be conditional upon your proceeding first
against any person, whether or not such person is party to or liable under this
indemnity.

5.        This indemnity shall be governed by and construed in accordance with
English law and each and every person liable under this indemnity shall at
your request submit to the jurisdiction of the High Court of Justice of England.


Yours faithfully
For and on behalf of
[insert name of Requestor]
The Requestor



…………………………………
Signature



We, [insert  name  of the Bank], hereby agree to join in this Indemnity
providing always that the Bank’s liability:-

1.        shall be restricted to payment of specified sums of money demanded
in relation to the Indemnity (and shall not extend to the provision of bail or
other security)

2.        shall be to make payment to you forthwith on your written demand in
the form of a signed letter certifying that the amount demanded is a sum due
to be paid to you under the terms of the Indemnity and has not been paid to
you by the Requestor or is a sum which represents monetary compensation
due to you in respect of the failure by the Requestor to fulfil its obligations to
you under the Indemnity. For the avoidance of doubt the Bank hereby
confirms that:-

(a)         such compensation shall include, but not be limited to, payment of
any amount up to the amount stated in proviso 3 below in order to enable you
to arrange the provision of security to release the ship (or any other ship in
the same or associated ownership, management or control) from arrest or to
prevent any such arrest or to prevent any interference in the use or trading of
the ship, or other ship as aforesaid, and

(b)           in the event that the amount of compensation so paid is less than
the amount stated in proviso 3 below, the liability of the Bank hereunder shall
continue but shall be reduced by the amount of compensation paid.

3.        shall be limited to a sum or sums not exceeding in aggregate [insert
currency and amount in figures and words]

4.        subject to proviso 5 below, shall terminate on [date six years from the
date of the Indemnity) (the ‘Termination Date’), except in respect of any
demands for payment received by the Bank hereunder at the address
indicated below on or before that date.

5.        shall be extended at your request from time to time for a period of two
calendar years at a time provided that:-

       a)        the Bank shall receive a written notice signed by you and stating
that the Indemnity is required by you to remain in force for a further period of
two years, and

       b)        such notice is received by the Bank at the address indicated
below on or before the then current Termination Date.

       Any such extension shall be for a period of two years from the then
current Termination Date and, should the Bank for any reason be unwilling to
extend the Termination Date, the Bank shall discharge its liability by the
payment to you of the maximum sum payable hereunder (or such lesser sum
as you may require).

       However, in the event of the Bank receiving a written notice signed by
you, on or before the then current Termination Date, stating that legal
proceedings have been commenced against you as a result of your having
delivered the said cargo as specified in the Indemnity, the Bank agrees that
its liability hereunder will not terminate until receipt by the Bank of your signed
written notice stating that all legal proceedings have been concluded and that
any sum or sums payable to you by the Requestor and/or the Bank in
connection therewith have been paid and received in full and final settlement
of all liabilities arising under the Indemnity.

6.        shall be governed by and construed in accordance with the law
governing the Indemnity and the Bank agrees to submit to the jurisdiction of
the court stated within the Indemnity.

It should be understood that, where appropriate, the Bank will only produce
and deliver to you all original bills of lading should the same come into the
Bank’s possession, but the Bank agrees that, in that event, it shall do so.

The Bank agrees to promptly notify you in the event of any change in the full
details of the office to which any demand or notice is to be addressed and
which is stated below and it is agreed that you shall also promptly notify the
Bank in the event of any change in your address as stated above.

Please quote the Bank’s Indemnity Ref ……………………… in all
correspondence with the Bank and any demands for payment and notices
hereunder.



Yours faithfully
For and on behalf of
[insert name of bank]
[insert full details of the office to which any demand or notice is to be
addressed]



…………………………….
Signature

INT GROUP C


STANDARD FORM LETTER OF INDEMNITY TO BE GIVEN IN RETURN FOR
DELIVERING CARGO AT A PORT OTHER THAN THAT STATED IN THE BILL
OF LADING AND WITHOUT PRODUCTION OF THE ORIGINAL BILL OF
LADING


To :        [insert name of Owners]                                                        [insert
date]
       The Owners of the [insert name of ship]
       [insert address]

Dear Sirs

Ship:                [insert name of ship]

Voyage:        [insert load and discharge ports as stated in the bill of lading]

Cargo:                [insert description of cargo]

Bill of lading:        [insert identification number, date and place of issue]


The above cargo was shipped on the above vessel by [insert name of
shipper] and consigned to [insert name of consignee or party to whose order
the bills of lading are made out, as appropriate] for delivery at the port of
[insert name of discharge port stated in the bills of lading] but we, [insert
name of party requesting substituted delivery], hereby request you to order
the vessel to proceed to and deliver the said cargo at [insert name of
substitute port or place of delivery] to [insert name of party to whom delivery
is to be made] without production of the original bill of lading.

In consideration of your complying with our above request, we hereby agree
as follows :-

1.        To indemnify you, your servants and agents and to hold all of you
harmless in respect of any liability, loss, damage or expense of whatsoever
nature which you may sustain by reason of the ship proceeding and giving
delivery of the cargo in accordance with our request.

2.        In the event of any proceedings being commenced against you or any
of your servants or agents in connection with the ship proceeding and giving
delivery of the cargo as aforesaid, to provide you or them on demand with
sufficient funds to defend the same.

3.        If, in connection with the delivery of the cargo as aforesaid, the ship, or
any other ship or property in the same or associated ownership, management
or control, should be arrested or detained or should the arrest or detention
thereof be threatened, or should there be any interference in the use or
trading of the vessel (whether by virtue of a caveat being entered on the ship’
s registry or otherwise howsoever), to provide on demand such bail or other
security as may be required to prevent such arrest or detention or to secure
the release of such ship or property or to remove such interference and to
indemnify you in respect of any liability, loss, damage or expense caused by
such arrest or detention or threatened arrest or detention or such
interference, whether or not such arrest or detention or threatened arrest or
detention or such interference may be justified.

4.        If the place at which we have asked you to make delivery is a bulk
liquid or gas terminal or facility, or another ship, lighter or barge, then delivery
to such terminal, facility, ship, lighter or barge shall be deemed to be delivery
to the party to whom we have requested you to make such delivery.

5.        As soon as all original bills of lading for the above cargo shall have
come into our possession, to deliver the same to you, or otherwise to cause
all original bills of lading to be delivered to you.

6.        The liability of each and every person under this indemnity shall be
joint and several and shall not be conditional upon your proceeding first
against any person, whether or not such person is party to or liable under this
indemnity.

7.        This indemnity shall be governed by and construed in accordance with
English law and each and every person liable under this indemnity shall at
your request submit to the jurisdiction of the High Court of Justice of England.


Yours faithfully
For and on behalf of
[insert name of Requestor]
The Requestor



…………………………………
Signature

INT GROUP CC


STANDARD FORM LETTER OF INDEMNITY TO BE GIVEN IN RETURN FOR
DELIVERING CARGO AT A PORT OTHER THAN THAT STATED IN THE BILL
OF LADING AND WITHOUT PRODUCTION OF THE ORIGINAL BILL OF
LADING INCORPORATING A BANK’S AGREEMENT TO JOIN IN THE LETTER
OF INDEMNITY


To :        [insert name of Owners]                                                        [insert
date]
       The Owners of the [insert name of ship]
       [insert address]

Dear Sirs

Ship:                [insert name of ship]

Voyage:        [insert load and discharge ports as stated in the bill of lading]

Cargo:                [insert description of cargo]

Bill of lading:        [insert identification number, date and place of issue]

The above cargo was shipped on the above vessel by [insert name of
shipper] and consigned to [insert name of consignee or party to whose order
the bills of lading are made out, as appropriate] for delivery at the port of
[insert name of discharge port stated in the bills of lading] but we, [insert
name of party requesting substituted delivery], hereby request you to order
the vessel to proceed to and deliver the said cargo at [insert name of
substitute port or place of delivery] to [insert name of party to whom delivery
is to be made] without production of the original bill of lading.

In consideration of your complying with our above request, we hereby agree
as follows :-

1.        To indemnify you, your servants and agents and to hold all of you
harmless in respect of any liability, loss, damage or expense of whatsoever
nature which you may sustain by reason of the ship proceeding and giving
delivery of the cargo in accordance with our request.

2.        In the event of any proceedings being commenced against you or any
of your servants or agents in connection with the ship proceeding and giving
delivery of the cargo as aforesaid, to provide you or them on demand with
sufficient funds to defend the same.

3.        If, in connection with the delivery of the cargo as aforesaid, the ship, or
any other ship or property in the same or associated ownership, management
or control, should be arrested or detained or should the arrest or detention
thereof be threatened, or should there be any interference in the use or
trading of the vessel (whether by virtue of a caveat being entered on the ship’
s registry or otherwise howsoever), to provide on demand such bail or other
security as may be required to prevent such arrest or detention or to secure
the release of such ship or property or to remove such interference and to
indemnify you in respect of any liability, loss, damage or expense caused by
such arrest or detention or threatened arrest or detention or such
interference, whether or not such arrest or detention or threatened arrest or
detention or such interference may be justified.

4.        If the place at which we have asked you to make delivery is a bulk
liquid or gas terminal or facility, or another ship, lighter or barge, then delivery
to such terminal, facility, ship, lighter or barge shall be deemed to be delivery
to the party to whom we have requested you to make such delivery.

5.        As soon as all original bills of lading for the above cargo shall have
come into our possession, to deliver the same to you, or otherwise to cause
all original bills of lading to be delivered to you.

6.        The liability of each and every person under this indemnity shall be
joint and several and shall not be conditional upon your proceeding first
against any person, whether or not such person is party to or liable under this
indemnity.

7.        This indemnity shall be governed by and construed in accordance with
English law and each and every person liable under this indemnity shall at
your request submit to the jurisdiction of the High Court of Justice of England.


Yours faithfully
For and on behalf of
[insert name of Requestor]
The Requestor



…………………………………
Signature



We, [insert  name  of the Bank], hereby agree to join in this Indemnity
providing always that the Bank’s liability:-

1.        shall be restricted to payment of specified sums of money demanded
in relation to the Indemnity (and shall not extend to the provision of bail or
other security)

2.        shall be to make payment to you forthwith on your written demand in
the form of a signed letter certifying that the amount demanded is a sum due
to be paid to you under the terms of the Indemnity and has not been paid to
you by the Requestor or is a sum which represents monetary compensation
due to you in respect of the failure by the Requestor to fulfil its obligations to
you under the Indemnity. For the avoidance of doubt the Bank hereby
confirms that:-

(a) such compensation shall include, but not be limited to, payment of any
amount up to the amount stated in proviso 3 below in order to enable you to
arrange the provision of security to release the ship (or any other ship in the
same or associated ownership, management or control) from arrest or to
prevent any such arrest or to prevent any interference in the use or trading of
the ship, or other ship as aforesaid, and

(b)           in the event that the amount of compensation so paid is less than
the amount stated in proviso 3 below, the liability of the Bank hereunder shall
continue but shall be reduced by the amount of compensation paid.

3.        shall be limited to a sum or sums not exceeding in aggregate [insert
currency and amount in figures and words]

4.        subject to proviso 5 below, shall terminate on [date six years from the
date of the Indemnity) (the ‘Termination Date’), except in respect of any
demands for payment received by the Bank hereunder at the address
indicated below on or before that date.

5.        shall be extended at your request from time to time for a period of two
calendar years at a time provided that:-

       a)        the Bank shall receive a written notice signed by you and stating
that the Indemnity is required by you to remain in force for a further period of
two years, and

       b)        such notice is received by the Bank at the address indicated
below on or before the then current Termination Date.

Any such extension shall be for a period of two years from the then current
Termination Date and, should the Bank for any reason be unwilling to extend
the Termination Date, the Bank shall discharge its liability by the payment to
you of the maximum sum payable hereunder (or such lesser sum as you may
require).

However, in the event of the Bank receiving a written notice signed by you, on
or before the then current Termination Date, stating that legal proceedings
have been commenced against you as a result of your having delivered the
said cargo as specified in the Indemnity, the Bank agrees that its liability
hereunder will not terminate until receipt by the Bank of your signed written
notice stating that all legal proceedings have been concluded and that any
sum or sums payable to you by the Requestor and/or the Bank in connection
therewith have been paid and received in full and final settlement of all
liabilities arising under the Indemnity.

6.        shall be governed by and construed in accordance with the law
governing the Indemnity and the Bank agrees to submit to the jurisdiction of
the court stated within the Indemnity.

It should be understood that, where appropriate, the Bank will only produce
and deliver to you all original bills of lading should the same come into the
Bank’s possession, but the Bank agrees that, in that event, it shall do so.

The Bank agrees to promptly notify you in the event of any change in the full
details of the office to which any demand or notice is to be addressed and
which is stated below and it is agreed that you shall also promptly notify the
Bank in the event of any change in your address as stated above.


Please quote the Bank’s Indemnity Ref ……………………… in all
correspondence with the Bank and any demands for payment and notices
hereunder.

Yours faithfully
For and on behalf of
[insert name of bank]
[insert full details of the office to which any demand or notice is to be
addressed]


……………………….
Signature