Common use of Uniform Customs Clause in Contracts

Uniform Customs. The letter of credit shall be governed by the Uniform Customs and Practice for Documentary Credits, ICC Publication no. 600. APPENDIX C LETTER OF INDEMNITY In consideration of your paying for the cargo of mmBtu of Liquefied Natural Gas (LNG) per tanker which sailed from the following GPD approved port , on loaded with such cargo when the documents required by or pursuant to the contract ('the documents') are not available as so required at the time payment is due under our contract dated (the "Contract") It is agreed that:- 1. We hereby warrant to you that: (a) At the time of such loading we had the right to sell the said cargo to you, and (b) That title in the said cargo has been passed as provided in the contract to you free from any and all liens charges and encumbrances of any nature whatsoever. 2. We hereby irrevocably and unconditionally undertake to indemnify you and hold you harmless against any claims made against you by anyone and all loss, costs (including but not limited to legal costs), damages, and expenses which you may suffer, incur or be put to, as a result of: (a) a breach by us of our warranties or any of them as set out in clause 1 above, and/or (b) our failure to deliver the documents or any of them in accordance with the contract. 3. Your acceptance of this indemnity in lieu of the documents shall not prejudice your right to call for the usual documents in accordance with the contract for future shipments under the contract (if any) and shall not establish a course of dealing between us. 4. This indemnity shall cease to have effect upon presentation by us of the documents and acceptance thereof by you in accordance with the contract. 5. This indemnity shall be governed by and construed in accordance with English Law and any disputes, controversies or claims arising out of or in relation to this indemnity or the breach, termination or invalidity thereof shall be subject to the exclusive jurisdiction of the English courts. Endorsement by Bank In consideration of your agreeing as aforesaid we the undersigned ........................ of whose customer is .............................. jointly and severally agree to be bound by the terms of the above letter of indemnity. Signed Date (A) Any vessel nominated shall:- (a) have a deadweight not exceeding long tons (unless specifically agreed by the Seller) and, in the case of a vessel arriving part- laden, it shall have on berthing a draught not exceeding metres in salt water and a displacement not exceeding long tons. The vessel shall have a minimum overall length of metres. (b) shall comply with all IMO Rules including the IGC, the International Safety Management (ISM) Code and the International Convention on Standards of Training, Certification and Watching (STCW)

Uniform Customs. The letter of credit shall be governed by the Uniform Customs and Practice for Documentary Credits, 1983 Revision, ICC Publication Publications no. 600400. APPENDIX C LETTER OF INDEMNITY In consideration of your paying for the cargo of mmBtu US barrels of Liquefied Natural Gas (LNG) ▇▇▇▇▇ System crude oil per tanker which sailed from the following GPD approved port , Sullom Voe on loaded with such cargo when the documents required by or pursuant to the contract ('the documents') are not available as so required at the time payment is due under our contract dated (the "Contract") It is agreed that:- 1. We hereby warrant to you that: (a) At the time of such loading we had the right to sell the said cargo to you, and (b) That title in the said cargo has been passed as provided in the contract to you free from any and all liens charges and encumbrances of any nature whatsoever. 2. We hereby irrevocably and unconditionally undertake to indemnify you and hold you harmless against any claims made against you by anyone and all loss, costs (including but not limited to legal costs), damages, and expenses which you may suffer, incur or be put to, as a result of: (a) a breach by us of our warranties or any of them as set out in clause 1 above, and/or (b) our failure to deliver the documents or any of them in accordance with the contract. 3. Your acceptance of this indemnity in lieu of the documents shall not prejudice your right to call for the usual documents in accordance with the contract for future shipments under the contract (if any) and shall not establish a course of dealing between us. 4. This indemnity shall cease to have effect upon presentation by us of the documents and acceptance thereof by you in accordance -accordance with the contract. 5. This indemnity shall be governed by and construed in accordance with English Law and any disputes, controversies or claims arising out of or in relation to this indemnity or the breach, termination or invalidity thereof shall be subject to the exclusive jurisdiction of the English courts. Endorsement by Bank In consideration of your agreeing as aforesaid we the undersigned ........................ of whose customer is .............................. jointly and severally agree to be bound by the terms of the above letter of indemnity. Signed Date (A) Any vessel nominated shall:- (a) have a deadweight not exceeding long tons (unless specifically agreed by the Seller) and, in the case of a vessel arriving part- laden, it shall have on berthing a draught not exceeding metres in salt water and a displacement not exceeding long tons. The vessel shall have a minimum overall length of metres. (b) shall comply with all IMO Rules including the IGC, the International Safety Management (ISM) Code and the International Convention on Standards of Training, Certification and Watching (STCW)Signed