Common use of LIEN AND PLEDGE Clause in Contracts

LIEN AND PLEDGE. 18.1. All Goods and documents relating to the Goods, including but not limited to, bills of lading, waybills (whether sea freight or airfreight) and import permits as well as all refunds, repayments, claims and other recoveries shall be subject to a special and general lien and pledge, either for sums due in respect of such Goods or for other sums due to the Freight Forwarder from the Customer, sender, Owner, consignee, importer or the holder of the bill of lading or their agents, if any. 18.2. If any sums due to the Freight Forwarder are not paid within 7 calendar days after notice has been given to the person from whom the sums are due that such Goods or documents are being detained, they may be sold by auction or by private treaty without further notice to the Customer, Owner or consignee, at the sole discretion of the Freight Forwarder and at the expense of such person and the net proceeds will be applied towards the satisfaction of such indebtedness.

LIEN AND PLEDGE. 18.1. 19.1 All Goods and documents relating to the Goods, including but not limited to, bills of lading, waybills (whether sea freight seafreight or airfreight) and import permits as well as all refunds, repayments, claims and other recoveries shall be subject to a special and general lien and pledge, either for sums due in respect of such Goods or for other sums due to the Freight Forwarder from the Customer, sender, Owner, consignee, importer or the holder of the bill of lading or their agents, if any. 18.2. 19.2 If any sums due to the Freight Forwarder are not paid within 7 calendar days after notice has been given to the person from whom the sums are due that such Goods or documents are being detained, they may be sold by auction or by private treaty without further notice to the Customer, Owner or consignee, at the sole discretion of the Freight Forwarder and at the expense of such person and the net proceeds will be applied towards the satisfaction of such indebtedness.