Common use of Lien on Property Clause in Contracts

Lien on Property. Carrier shall have a possessory lien and general lien on any and all property (and documents relating thereto) of Customer, in its actual or constructive possession, custody or control or en route, for all amounts owing to Carrier by Customer, consignor, consignee or owner of the cargo, whether due or not, in connection with any shipments of Customer or storage of goods on behalf of Customer or a consignee, even if previously delivered by Carrier. If such claim remains unsatisfied for thirty (30) days after demand for its payment is made by any means of communication reasonable in the circumstances, Carrier may sell, upon ten (10) days written notice, sent by any means of communication reasonable in the circumstances, the goods, wares and/or merchandise, or so much thereof as may be necessary to satisfy such lien, and apply the net proceeds of such sale to the payment of the amount due to Carrier. Any surplus from such sale shall be transmitted to Customer, and Customer shall be liable for any deficiency in the sale.