ORIGINAL

(jPAtlas Insurance

MARINE CARGO COVER NOTE

: 2024PBMIPDT00453 Issue Date 27/03/2024
Cover Note No.
PLAZA BRANCH
Business Class . MARINE CARGO ( IMPORT ) Branch
Insurance Type Direct
Agency : 2200100909
The Insured : Habib Metro Bank Ltd. , A/c. Shakeel Enterprises, MR 4/49 Chemi Centre, 2nd Floor Room 2 & 3 Adamjee Dawood Road,
Karachi
IAP Industry CA1515
Interest QTY: 54 MTS SODIUM METABISULPHITE INDUSTRY GRADE. OTHER DETAILS AS PER PROFORMA INVOICE.
LC/ Dispatch Note # L/C. /Dispatch Note Date
Invoice /Ref # 24MUC-043S Invoice Date 27/03/2024

Voyage From any CHINA PORT Conveyance By Sea

Voyage To KARACHI PORT, PORT QASIM - PAKISTAN Vessel/Carrier Any Approved Vessel

VIA Sailing on/or about

Name of Consignee None Voyage/ Consignment/Ref #
Description
COVERING FROM WAREHOUSE TO WAREHOUSE.

Basis Of Valuation : C&F Value in Foreign Currency US$ 18,630.00 @ 281.0000 5,235,030.00
Plus 10.00 % US$ 1,863.00 @ 281.0000 523,503.00
Total US$ 20,493.00 Equivalent to Pak. 5,758,533.00
Total inWords : US DOLLARS (US$) Twenty Thousand Four Hundred Ninety-Throe and Decimal zero only.

Sum Insured : Rs. 5,758,533.00 ( Pak Rupee : Five Million Seven Hundred Fifty-Eight Thousand Five Hundred Thirty-Three only)
Premium Calculation: Gross Premium Rs. 5,758
Cargo Clauses “A" 5,758,533 @ 100% of 0.05% Rs. 2,879
War & Strikes (Cargo) 5,758,533 @ 100% of 0.05% Rs. 2,879
Administrative Surcharges 5.00 % Rs. 288
Sub Total Rs. 6,046
Sales Tax (G.S.T) 13.00% Rs. 786
Federal Insurance Fee (F.I.F) 1.00% Rs. 60
Stamp Duty 0.006 % Rs. 346

Gross Premium : Rs. 5,758 Net Premium : Rs. 7,238

Note Calculation of 13.00% G.S.T and 1.00% F.I.F is on Gross Premium inclusive of 5.00% Admi Surcharge.

Subject to the following clauses, endorsements, special conditions & warranties .

Institute Cargo Clauses A, Institute War Clauses (Cargo), Institute Strikes Clauses (Cargo), Institute Classification Clause, Important Notice, Sanction Limitation and Exclusion Clause. ,
Institute Radioactive Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapons Exclusion Clause., Institute Cyber Attack Exclusion Clause. , Carrier's Breach of
Trust Exclusion Clause, Complaints in respect of Insurance Policy, Premium Payment Clause / Rule 58, Communicable Disease Endorsement, Russia, Belarus and Ukraine War and
Strikes Exclusion Clause, Five Powers War Exclusion Clause (All Marine Classes) (amended to include triggering of NATO Agreement), Cargo ISM Endorsement.
Warranted not in breach of UN/EU/UK/US economic sanctions, embargoes, and/or trade restrictions., Warranted no Russian flagged, owned, or operated vessels.

Claim Payable By : Atlas Insurance Ltd. , 63/A, Block - XX, Phase - III (Commercial). , Defence Housing Authority,Lahore. , 54000 , Pakistan , Fax No. +92 42 37132622 , Email: info@ail.atlas.pk
As Per Rule 58 of Insurance Rules 2017, the premium on this cover must be paid within 30 days of its issuance. On receiving the premium, this cover note will be converted into policy. This cover note and the
subsequent policy will cover shipment (s) taking place within 12 months from the date of issuance of the cover note
This acceptance is not transferable and is valid for shipment made up to 26/03/2025
This Cover note will be valid from the date the premium has been paid or guaranteed by the bankers.
Declaration of the shipment: Notice of Shipment/falling within the scope of this cover are to be made as follows :
(a) BY THE SHIPPERS : Prior of to shipment or as soon as possible thereafter maximum within three days of the sailing of the ship, to M/s ATLAS INSURANCE LTD. , Atlas Insurance Ltd., 63/A, Block - XX,
Phase - in -Commercial),, Defence Housing Authority,Lahore., 54000, Lahore, Pakistan, Fax No. +92 42 37132622, Email: info@ail.atlas.pk
THE SHIPPERS TO NOTIFY the following details:
1. Name of Insured under this Cover quoting Cover Note No. 2024PBMIPDT00453 of 27th Day of March, 2024 2. Name of Vessel 3. Port of Shipment 4. Nature and quantity of goods shipped 5. Invoice Co:
plus Freight and Shipment Charges plus normal margin.
N.B. it is most important that the shippers be impressed upon with the necessity for prompt advice of shipment to be given as above : "Maximum within three days of sailing of the ship"
(b) BY THE INSURED : The Insured undertakes to arrange for advice of shipment as-under to be sent to the ATLAS INSURANCE LTD. , Atlas Insurance Ltd. , 63/A, Block - XX, Phase - III (Commercial)
Defence Housing Authority,Lahore., 54000 Lahore, Pakistan, Fax No. +92 42 37132622, Email: Email: info@ail.atlas.pk immediately as under:
1. Name Of Vessel 2. Port of Shipment 3. Invoice Cost plus Freight, Shipping Charges, duty and sales tax if any, and the normal margin to be declared immediately upon receipt of shipping documents or otht
documentary evidence. 4. The nature and quantity of goods together with shipping marks, Number of Packages. On receipt of the above declaration from the Insured the Policy/Certificate will be issued by th
Company.
Warranted that the interest covered is shipped under deck.
Including risk of craft to and from the ship and each craft load to be treated as a separate interest. When crafts risk is included then from 15th May
the vesso . ; urt of loading between sunset and sunrise are not covered by this acceptance._____
In WITNESS whereof the undersigned acting on behalf of and with the authority of the Company has hereto set his hand at PLAZA BRANCH on
Premium payment be made through cross cheque in favor of Atlas Insurance Ltd . , and payment receipt on Company's Receipt Form be obtained.
The Insured is requested to read the Cover Note. If any error or misdescription be found the Cover Note should be returned to the issuinq Branch

ATLAS INSURANCE LIMITED

Pina Branch,
Cftlca # 3/3, Rlmpa Plaza, M.* Jhtnah Rood,
Karachi.
f-h: C21-X2729339, 32720852
Fax: C21-32749004.
Bniail; plaamQall.atlas.pk Atlas Insurance Ltd.
HEAD OFFICE: 63/A, Block-XX, Phase-III (Commercial), Khayaban-e-Iqbal, Defence Housing
Phones:+92 (42) 37132611-18 Fax:+92 (42) 37132622
ZONAL OFFICE: Federation House, Shahrah-e-Firdousi, Main Clifton, K.arachi-75600. UAN: 021-111-245-000 Phones: +92(21)35369394-6,3537 8806-7
Fax:+92(21)3537 8515 Email: info@ail.atlas.pk Website: www.ail.atlas.pk N.T.N. 2396345-0