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BILL OF LADING Code Name "SHUBIL- 1994 (A)" 1.

DEFINITIONS The following words both on the lace and back of the Goods to the named Port of Discharge by an alternative route to that irdicaled in this BM of Lading or that
this Bill of Lading have the meanings hereby assigned: "Carrier means a party shown at the top of I he lace of this which is usual for Goods consigned to that Port of Discharge, (il the Carrier elects to invoke the terms of
Bill of Lading including the servants, agents, and the Master, and the Vessel and/or her Owner. "Merchant' includes subparagraph (a), then notwithstanding the provisions of Clause 8 hereof. the Carrier shall be entitled to charge
the shipper, consignor, consignee. Owner and receiver of the Goods and the holder of this Bill of Lading. 'Goods' such additional lreighl as the Carrier may deter mine): or (13) Suspend the carriage of the Goods and store them
means the cargo described on the lace hereof and, it the cargo is packed into container(s), loaded on pallets) or ashore or afloat upon the terms of this Bill of Lading and endeavour to forward them as soon as possible. but the
unitized into similar article(s) of transport not supplied or furnished by or on behalf of the Carrier. Includes such Carrier makes no representa• lions as to I he maximum period ol suspension (it the Carrier elects to invoke the
allied(s) of transport as well. 'Vessel means the Ocean Vessel named overdue and includes any vessel, ship, dell, terms ol Subpara-graph (b) then the Carrier shall be entitled to such additional freight as the Garner may
lighter or other means of transport by sea or water which is or shall be substituted, in whole or in part, for the delermine):or Abardon the carnage of the Goods and place the Goods at the Merchant's disposal at any place Of
vessel named on the lace hereof. "Sub-Comprador- includes owners and operators of vessels and space providers port which the Carver may deem sale and convenient, whereupon the tespons bat), of the Carrier in rasped ol such
on vessels (other than the Carrier). Stevedores, terminal and group age operators. Their respective servants and Goods shall cease. The Carrier shall nevertheless be entitled to lull Ireght on the Goods received for carnage, and I
agents, and anyone assisting the performance of the carriage whomsoever. 2. CLAUSE PARAMOUNT This Bill of he Merchant shall pay any additional costs at the carriage to. and delivery and storage al. such place or port. II the
Lading shall have elect subject to the International Carriage 01 Goods by Sea Act. 1957 al Japan, as amended 3 Carrier elects to use an alternative route under suboatagrwh (a} or to suspend the carriage under subparagraph (b}
June. 1992 giving elect to I he Protocol to Amend the International Convention for the Unification cd Certain Rules this shall not prejudice his right subsequently to abandon the car riage. The Cartier may comply with any orders or
relating to Bills of Lading, Brussels. February 23. 1968 (Visby Rules) and the Protocol Amending the International recommendations given by any government or authority. or any person acting or purporting to act as or on behall
Convention for the Unification of Certain Rules relating to Bills of Lading (August 25, 1924. as Amended by the 01 such government or authority, or having under the terms 01 any insurance on any conveyance employed by the
Protocol of February 23, 1968). Burs. Sells, December 21,1979 (S.D.R. Protocol). Carrier the right to give orders or direct ions.

3. GOVERNING LAW /ARBITRATION (1) the contract evidenced by or contained in I his Bill of Lading shall be 22. LIMITATION OF LIABILITY (1) When I he Carrier is liable for compensation in respect 01 any loss of or II be cat
governed by Japanese law. (2) Any dispute arising ham this Bill of Lading shalt be retorted to arbitration in Tokyo by nee to the value Ves ace and time they s Go• e value of etermi -mad to be the invoice v e purpo e extent of the
the Tokyo Mari-time Arbitration Commission (TOMAC) of The Japan Shipping Exchange. Inc. M accordance with the Carrier's (2) The r shall in n I be Ods i•r any loss 01 or damage I rniu aid. an I e ceedm LIns ccounl (Special Drawing
Rules of TOMAC and any amendments thereto, and the award given by I he arbitrators shall be final and binding on of I per kilo of gr eight of the Goods lost o and va = oods =red in writing by I he shp andsorted in I of Lading and
both parties. 4. VALIDITY In the event that anything herein contained is inconsistent with any applicable extra Ire eve actual value ol the G r package or unit exceed clan I nevertheless be dee • be the value of the Good
international convention or national law which cannot be departed Iron/ by private contract, the provisions hereof tee declared value and tier loss or demag hall sic ated value. e the cargo has been by halt of the Merchant similar
shall be null and void to the extent of such inconsistency but no further. 5. DEMISE CLAUSE II the Vessel is not antic
owned by. Or chartered by demise to the Carrier (as may be the case notwithstanding anything that appears to the numbers not I inal ion. responsble lord
contrary) this Bill ol Lading shall lake effect only as a con. tract with h the owner or demise charterer, as the case
may be. As principal. Made I hrough the agency 01 the Carrier which acts as agent only and shall be under no 12. INSPECTION OF GOODS (1) The Carrier shaft be entitled, but under no obligation, to open any container or
personal liability whatsoever in rasped thereof. II de. spite the foregoing. it shall be adjudged that the Carrier and package at any time and to inspect. reweigh, remeasure, revalue or repack the Goods without notice to the
not the owner or demise charterer is a party to this BM of Lading andior a bailee of the Goods, all limitations of and Merchant. (2) II paragraph (1) above applies or it by order of the authonties at any place. a container or package
exemptions Irom liability provided by law and by the terns hereof shall be available to the Cartier. has lo be opened, the Carrier will not be liable for any loss or damage incurred as a result 01 any opening, un
packing, inspection, reweighing, remeasurernenl, revaluation or repacking. The Merchant shall indem• nily the
6. DEFENCE AND UMITS (1) The defences and limits of liability provided for in this Bel of Lading shall apply in any Carrier for the cost cd all measures taken as above. 13. DECK CARGO (1) The Garner has the right to carry the
action against the Carrier for loss of or damage to the Goods or delay in delivery. whether the ad ion be lounded in Goods in containers} under deck or on deck. (2) When I he Goods in container(s) are carried on deck, the Carrier
contract or in tort. (2) II an action is brought against any servant, agent or Sub-Contractor of the Cartier, such shall not be required to specialty note. mark or stamp any statement of 'on deck stowage' on the face hereol, any
person shall be entitled to avail himself of the defences and kmds of liability which the Carrier is entitled to invoke custom to the contrary notwithstanding. The Goods so carried shall be subject to the applicable Hague Rules
under this Bit of Lading. (3) The aggregate of the amounts recoverable from the Carrier and his servants, agents or legislation as provided for in Clause 2 hereof. and the stowage 01 such Goods shall be deemed to constitute under
Sib-Contractors shall in no case exceed the limits provided for in this Bill of Lading. 7. PERIOD OF RESPONSIBILITY deck stowage lor allpurposes including general average. (3) The Carrier shall not be liable in any capacity
The Carrier shall not be liable in any capacity whatsoever for any loss or damage to the Goods occurring before whatsoever for any non.dekvery, misdelivery, any delay or loss of or damage to the Goods which are carried on
loading onto the Vessel at the Port of Loading or alter discharge from the Vessel at the Port al Discharge, whet her deck and specially stated herein to be so car-lied. whet her or not caused by the Cartier's negligence or the Vessel's
the Goods are awaiting shipment, landed or stored or put into mall, barge. lighter or other thing whether belonging unseaworthiness. 14. LIVE ANIMALS Live animals are carried without responsibility on the part of the Carrier for
to the Carrier or not or pending transhipment at any stage of the carriage. any accident, injury. illness. death. loss or damage arising at any time whether caused by unseeworthiness or
negligence or any other cause whatsoever.
a SCOPE OF VOYAGE (1} The Carrier has liberty to deviate for the purpose of saving Id e or properly, to call at any
port or ports in or 0010111)e customary or advertised route. in any order whatsoever for the purpose of 15. DANGEROUS GOODS (1} The Carrier undertakes to carry Goods of an explosive, inflammable, radioactive,
discharging and loading goods and/or embarking and disembarking passengers, or taking in fuel and other neces. corrosive, damaging, noxious, hazardous, poisonous, injurious or dangerous nature only upon the Carrier's
sary supplies or for any other purpose whatsoever. to drydock with h or without Goods on board it Thought acceptance of a prior written application by the Merchant for I he carriage of such Goods. Such application most
necessary or convenient, to adjust compasses, to sail without pdots, and to low and assist s tips in all situations and accu-raley slate the nature. name. label and classification of the Goods as well as the method of rendering Them
c ircums ta noes . (2} Any action(s) taken by the Carrier under this Clause shall be deemed lo be included within the innocuous. with the full names and addresses 01 the shipper and the consignee. (2) Whenever the Goods are
scope of the contractual carriage and such aclion(s) or delay resulting therefrom shall not be deemed to be a discovered to have been shipped without complying with paragraph (I) above or the Goods are found lo be
deviation. contraband or prohbited by any laws or regulations of the port of loading, discharge or call or any place or waters
9. DELAY, CONSEQUENTIAL LOSS In no event shah the Career be table for any loss of profit or conse-quential loss or during the carriage. the Canner shall be entitled to have such Goods rendered innocuous, thrown overboard or
damage. Arrrval limes are not guaranteed by the Carrier. discharged or otherwise disposed of at the Carrier's discretion without compensation and the Merchant shall be
liable for and indemnify the Cartier against any kind of loss. damage or liabittly including loss 01 freight. and any
10. UNKNOWN CLAUSE (1) Any relerence on the face hereof to marks. numbers. description, quantity, gauge. expenses directly or indirectly a reing outolor resulting Irom such shipment. (3) The Carrier may exercise or enjoy
weight. measure. nature. kind. value and any other particulars of the Goods have been furnished by the Merchant, the right or benefit contorted upon the Carrier under the preceding paragraph whenever d is apprehended that the
and the Carrier shall not responsible for the accuracy thereol. The Merchant warrants to I he Carrier that the p Goods shipped in compliance with paragraph (1) above have become dangerous to the Cartier, the Vessel, other
turn- bed by him are coned d shall indemnify against all loss. dam-age. ex nettles and lines erisi ul ol or resulting Ito cargo, persons and/or other properly. 16. VALUABLE GOODS The Carrier shall not be liable for any loss ol or
cythereof. (2} If the • fe011/0/113•e Carrier e packed lainer(s), loaded on p •r unitized into sirri ler at s} 01 damage to or in connection with plat. inum, god, silver. jewellery, precious stones. other precious metals,
transp•y or on behall of I hunt, this Bill of Lad • ma lac ie eviden only shipment of number of such s shown on the radioisotopes, precious chemicals, cur. rency, negotiable instruments, securities, writings, documents, pictures,
la and the order a cond the content nd the marks. n bet and kind of p pieces. de lion, • entity, gauge. measure, nal embroideries, works of ad, curios, heirlooms, collections of every nature or any other valuable goods whatsoever
value noted on I ol are unkn to the trier shellac...pi no resp 11. MARKS A ND DE (1) The Carrier she marks shall have including goods having pan. licular value only for the Merchant, unless the true nature and value of I he Goods
b Me ant before s hp na of the port 01 d (2) In n mslances m (3) The to the I I he marks • ) car re,ono to I mark have been declared in writing by the Merchant before receipt of the Goods by the Carrier, and I he same is inserted
shown o is Bill of Lading and also in all respects comply with a I laws and regulations in force at the pod of in this Bill of Lading and ad valorem freight has been prepaid thereon.
discharge andror destination, and shall indemnify the Cartier against all loss. damage. ex-penses, penalties and 17. HEAVY LIFT (1) The weight of a single piece or package exceeding 1 metric ton gross must be declared by the
lines arising out of or resulting Itomincorrectnessor incompleteness thereof. (4} Goods which cannot be identilied h4e, chant invading before receipt by the Cartier. (2} In case of the Merchant's failure to make the above
by marks and numbers. cargo sweepings. liquid residue and any unclaimed Goods not otherwise accounted for declaration, the Cartier shall not be responsible for any loss of or damage to or in connection with the Goods, and
shall be allocated for the purpose of completing deliv-ery to the various merchants of goods ol like character, in at the some time the Merchant shall be liable for loss of or damage to any properly or Ion personal injury arising as
proportion to any apparent shortage, loss 01 weight or damage. and such Goods or parts I hereol shall be accepted a result of the
as lull and complete delivery. into container unitiz n the n pace

to for ledur by and du in letters ge and/o Carrie damage to the Goods. such rid time they d. lot loss of or mage to the us freight and urance pre. the Goods in unit
Merchant's said lailure and shall indemnify the Carrier against loss or liability ol any kind sullered or incurred by the or 2 Units is the higher, and the nature paid as agr In such case. declared va , the value de- Carrier's bat,. ity shall
Carrier as a result of such lailute. 18. IRON AND STEEL The term 'apparent external good order and condition' when not ex• sted pro rata on I basis of connection per package d whi similar article( l transport nits •ack•ntainer(s)
used in this Bit of Lad. ing with relerence to iron, steel or metal products does not mean that the Goods. when ntainer or similar article including the entire contents thereof shall be considered as one package for the pun. pose
received, are free of visible rust or moisture. II the Merchant so requests, a substitute BM of Lading will be issued of the application of the limitation of liability provided for herein.
omitting the above definition and selling forth any notation as to rust or moisture which may appear on the mates'
or tally clerks' receipts. 23. NOTICE OF CLAIMANDTIME BAR (1) Unless notice of loss of or damage to the Goods indicating the general
nature of such loss or damage be given in writing to the Carrier or his agent at the port of discharge before or al the
19. DISCHARGE /DELIVERY (1) The Goods may be discharged. wit haul notice, as soon as the Vessel is ready to lime of removal 01 the Goods into the custody of the person entitled to lake delivery thereol under this Bill of
unload. continuously day and night. Sundays and holidays included. (2) 11 the Merchant tails to lake delivery al the Lading or, il the loss or damage s not apparent, within three days of the delivery of the Goods. such removal or
Goods immediately alter the Vessel is ready to discharge them, the Carrier shall be at !body to store the Goods at delivery shall be prima facie evidence of the delivery by the Cartier of the Goods in the amount and condition
the risk and expense of the Merchant. (3) Optional delivery is only granted when arranged prior to the shipment ol described in this Billol Lading. (2) In any event the Carrier shall be discharged Irom his liability for the Goods unless
the Goods and expressed in this Bill of Lading. The Merchant desiring to avail himself ol the option so expressed arbitration is bled pursuant to Clause 3(2) hereol within one year brow the date of delivery of the Goods or the
must give notice to the Carrier's agent at the 1.1 port of the Vessel's call named in the option, at least 48 hours dale when the Goods should have been delivered in the cased the total loss or nondelivery of the Goods. 24.
poor to the Vessel's arrival there, otherwise the Goods shall be discharged at any of the optional ports at the Car r FREIGHT ANDCHARGES (1) Freight and charges shall be deemed fully eamed on receipt of the Goods by the Carrier
ieeschoice and the Carrier's responsbilify shell then cease. (4) II I he Goods are unclaimed during a reasonable time. and shall be paid in any event, whether the Vessel and/or the Goods be lost or not. or the Transport be broken up
or whenever in the Carrier's judgement the Goods will become deteriorated. decayed or worthless, the Carrier or frustrated or abandoned at any stage of the entire transit. (2) The payment of freight and/or charges shall be
may, at his discretion and without any responsbilily attaching lo him, sell, abandon or otherwise dispose of the made in full and in cash without any Whet, counter-claim or deduction. Where height is payable at the port of
Goods solely at the risk and expense of the Merchant. discharge, destination or any other place. such Imight and all other charges shalt be pad in the currency named in
this Bill of Lading or. at the Carrier's option, in other currency subject to the regulations of the Iteight contemnce
20. TRANSHIPMENT (1) (I) In case al through carriage under this BMW Lading, the Merchant constitutes the Cartier concerned or custom at the place of payment. For the purpose ol verifying the Ireight basis, the Carrier may at any
his agents to enter into contracts with others 10, the pre-carriage and/or on.caniage of the Goads and/or for the time open any container or other package or unit in order to ascertain the weighl, measurement or value of the
storing. lighlering, transhipment or other dealing therewith, prior lo. or in the course ol, or subsequent to the Goods. II the patlicu• tars furnished by the Merchant are incorrect, it is agreed that a sum equal to either live limes
carriage in the Carrier's vessel without any liability attaching to him in respect of such agency. (ii) The responsibility the dil-lerence between the correct freight and the freight charged or to double the correct Ireight less the Ireight
01 each carrier acting as such is fimiled to that part of the transport actually undertaken by him, and the Carrier charged. whichever sum is the smaller. shall be payable as liquidated damages to the Carrier. (4) The Merchant
shall not be under any liability for damage and/or loss arising brow whatsoever cause during any other part of the shall pay all dues. taxes and charges including consular lees levied on the Goods and all lines and/or losses
transport. even though the freight for the whole trans. port has been collected by the Carrier. (2) Any statement of sustained or incurred by the Carrier in connection with the laws and regulations of any government or public
the port or place, whether littoral Of inland, in the column 'Final Destination" on the lace hereof is solely for the authorities in connection with the Goods. The shipper. consignor. consignee, owner and receiver 01 the Goads and
purpose 01 the Merchant's reference, and in case the columns '(Local Vessel) and (From) on the lace hereol are holder of this Bid 01 Lading shall be jointly and severely liable to the Carrier 10f the payment of all Ireight and
Idled up and this Bill of Lading is issued at a place other than the port of loading onto the Vessel, any statement charges and Ion the performance of the obligation of each of the m hereunder. 25. LIEN The Cartier shall have a
herein as to the shipment of the Goods shag be construed to relate only to the time when and place where the lien on the Goads 101 freight. dead height, salvage. general average. de. murrage or loss caused by detention, and
Goods were loaded on board the local vessel. The Carrier's liability, in those events. shall be determined in for all payments made and liabilities incurred in respect of any charges or expenditures stipulated herein to be
accordance with paragraph (1) of this Clause. (3) The Carrier shall be at !body, whether or not arranged beforehand borne by the Merchant. The lien shall survive delivery ol the Goods.
or indicated on the lace hereof. to tranship the whole or any part of I he Goods. with or without notice. at any port 26. GENERAL AVERAGE Any general average on a Vessel operated by the Carrier shall be adjusted accord-ing to the
or place for any pur-pose whatsoever, or to forward I he same by any means of transport by water, land or ad, York-Anlwerp Rules, 1994 or any modilicalion thereof at any pod or place and in any currency al I he option of the
whether owned or operated by the Carrier or not. The Carrier's liability shall, in this event, cease when the Goods Cartier. Anygeneral average on a vessel not operated by the Garner (whether a sea. going or inland waterways
leave the Vessels tackle. vessel) shall be adjusted according to the requirements of the operator of that vessel. In either case the Merchant
shaft give such cash deposit or other security as the Carrier may deem sufficient to cover the estimated general
21. MATTERSAFFECTING PERFORMANCE (11 The Carnet shall use reasonable endeavours to complete the transport average confibution ol the Goods before delivery it the Carrier req-uires.
and to deliver the goods at the place designated for delivery. (2} II at any time I he carnage is or is likely lo be
allected by any hindrance. risk, delay, difficulty, or dis. advantage of any kind and howsoever arising (even though 27. NEW JASON CLAUSE! BOTH TO BLAME COLLISION CLAUSE The New Jason Clause and the Both to Blame
the circumstances giving rise to such hindrance. risk, delay, difficulty or disadvantage existed at the lime I his Collision Clause, as adopted by I he Documentary Committee of The Japan Shipping Exchange, Inc. are deemed
contract was entered into or when the Goads were received Mr carnage). the Carrier (whether or not the carriage lobe incorporated herein. These clauses are available Irom the Carrier on request. 28. US CLAUSE PARAMOUNT (1)
is commenced) may, without prior notice to the Merchant and at the sole discretion of the Carrier, either: (a) Carry lithe carriage covered by this Bill 01 Lading includes carriage to or Irom a port or place in the United Slates of

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