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Nationrl l.sura.ce Co. Ltd-
ORIGINAL
BANGLADCSX ilNNONAL INSURANCE CO. LTD.
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MARINE HULL POLIC Y

No. : BNIC/HO/MH/P-029/05/2020 PREMIUM Tk. 2,62,500.00

V.A.T Tk. 39,375.00

STAMP Tk. 15,000.00

SUM INSURED
TOTAT Tk. 3,15,975.00
Tk. 1,50,00,000.00

We, the Undenvrite rs, hereby agree, in consideration of payment to us by or on behalf

of
the Assured of the pre mium specified in the Schedule, to insure against loss damage
Iiability or expense i proportions and manner hereinafter provided in the schedule"

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IN WITNESS whereof we the Bangladesh National lnsurance Co. Ltd,, have hereunder
to
set our hands in the 17th Day of May, 2020.

(ln the event of accident whereby loss or damage may result

in a claim under this Policy, immediate notice in writing
should be given to the Company's Office
at Rashid rower (3rd floor), House No. 11, Road No. ig, Gulshan-1
,Dhaka_1212

M.R. No :295912 Signed for & on behalf of

DATE : 17.05.2020 Bangladesh National lns. Co. Ltd.,

rULLY itr,msuntrP WITH

Iiil;{i\

D:/BN lClt\,4arinc Hrtll p^li.w-?n1 q

Head Office:
E-mail : mail@bnicl.net
Rashid Tower (3rd Floor), Plot # 1 1, Road # 1 8, Gulshan-1, Dhaka-1 21 2
Website : www.bnicl.net
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Tel : 8837234-5 RR?')) 1 \ RR?)) 1 7 Flnf lina' oo61
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SC DULE

POLICY NUMBER : BN|C/HO/A/H/P-029/Ostz)2}

NAME oF ASSURED : A/c. M/s. Titanic Shipping Lines Ltd.77 t2 tr/oulvibazar, Dhaka-1
1 00

VESSEL : M.T. Mercantile-20. Body : Steel, Year of Built 2013. C-18i-7, Hul! No.
MSDL- 29
PERIO OF INSURAN 17.05.2020 to 16.O5.2021 (B days inclusive)
All over Bangladesh (within inland and coastal water of Bangladesh)
SUBJECT-MATTER TNSURED : Cargo Carrying Vessel, OilTanker
RISK COVERED Total loss onl includin Salva Salva e char & sue & labour.
AMOUNT INSURED HEREUNDE R Tk. 1,50,00,000.00

(Taka One Crore Fifry Lac only.)

PREMIUM RATE AND PREMIUM
Marine Hull @ 1.75o/o Tk. 2,62,500.00
Add 15% Vat Tk. 39,375.00
Stamp Duty Tk. 15,000.00
Total Tk. 3,16,975.00
Warranted that the returns for Lay-up and Cancellation Cl ause N o. L5.2.\,15.2.2, 15.2.3,t5.2.4,
1,5.2.5 sta nds deleted.
Warraties:
that the Vessel complies with all Government Regulation regarding Navigation &
91:,WqlfqNt"e,d
satety as torce.
02.Warranted that the safety equipments, fire fighting equipments and all other Equipments/
Accessories/Records must always be maintained in perfect condition and proper order.
03. warranted that when laid-up the Vessel must have a watchman on board.
04' Warranted that all powered Vessels shall be in possession of a valid survey certificate
issued by
theGovernment surveyor or other such Authority.
05. Warranted that the powered Vessels shall not engage in towage operation except
in
accordance with the Rules Governing Tows as laid tlown by the Blwrc.
06. Warranted that the vessel will ply under the command of qualified Sarang Master.
/
07. warranted that no return shall be allowed for the vessel being laid-up duiing the
currency of
the policy in port or in an approved lay-up area.
08. subject to Hull Electronic Data Recognition clause Lsw 2o0o EDRE.
09.Subject to lnstitute Radioactive Contamination, Chemical, Biological, Biochemical
and
Electr:omagnetic Weapons Exclusion Clause.
10. Subject to lnstitute cyber attack exclusion clause.

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.T"JARAN i .
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-

D:/BNIC/Marine Hrrll Poli.v-?n1 q

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E?.glad.sh National ,nso.ance Co. aid,
BANGTADESH NATIONAL INSURANCE CO. LTD.
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Mode of Payment of premium and its warranties:

Attaching to and forming part of the Marine Hull policy No. BNtc/Ho/M1/p-ozglo5/zo2o
dated: 17.05.2020 in favour of M/s. Titanic Shipping Lines Ltd.7712 Moutvibazar,
Dhaka-
1100.

It is agreed that the Annual premium is payable in 4 (four) installment

as shown hereunder
while the full stamp duty is payable at the inception with the
l't installment.

lnstallments Net Premium L5%Vat Stamp Duty Total Due Date

Premium
First 65,625.00 9,943.75 15,000.00 90,469.75 17.05.2020
Second 65,625.00 9,943.75 75,469.75 17.08.2020
Third 65,625.00 9,843.75 75,469.75 17.1.L.2020
Fo u rth 65,625.00 9,843.75 75,469.75 17.02.2021.
Total 2,62,500.0o 39,375.00 15,000.00 3,16,975.00

t. lt is Warra
stallment on the said
due date by assu tomatically cancelled
from the sai
2' The validity of this policy is always subject to the valid money receipt against
payment of the due installment of premium.
3' ln the event of a loss covered hereunder all future installment shall immediately
become due and payable and the lnsurers shall entitled
to take credit thereof.
4' lt is warranted that in the event of any installment not being received
on or before
the due date as mentioned above this insurance shall stand automatically
cancelled
at midnight of due date,

ln the event of the interest hereby insured sustains

any loss or damage caused due to any
perils insured against all future installments of premium
under this cover note/policy shall
immediately become due and payable and the insurer
shall be entitled to take credit of the
premium of their account.

Signed for & On behatf of

Bangladesh National lns. Co. Ltd

irxii{S-,-}RED WITH
:ABli..t1"p-ll BlL{A

SiCNATURg

Head Office:
E-mail : mail@bnicl.net
Rashid Tower (3rd Floor), Plot # 1 1, Road # 1 8, Gulshan-1, Dhaka-1 21 2 Website: wwwbnicl.net
fel :8832234-5,8832215,88322 7, Hotline :0961 3 1 12233,Fax:88-02-8832154
1