| 8.0 INDEMNITY |
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The Associate Shipper shall have to provide an indemnity bond in the prescribed format on Rs. 50/- stamp paper duly notarized. In case of breach of any of the condition mentioned in the indemnity bond GAIC will be at liberty to cancel the
NOC issued and forfeit the registration charges, service charges, amount of development fund paid by the Associate shipper. The Associate Shipper further state that in that eventuality the Associate Shipper shall have no claims or lien on GAIC and GAIC shall
be indemnified for all costs / expenses incurred by them in this regard. |
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| 9.0 Associated Shippers shall be entitled to all export benefits accruing from their export of onion. |
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The Associate Shipper shall apply for NOC in the prescribed format along with all the requisite documents, service charges and development fund.
The export of onion will be carried out as per the prevailing Export Import Policy and RBI’s guidelines in force.
The Inward remittance as per RBI’s guidelines for export of onion undertaken will be the sole responsibility of the Associate Shipper.
The execution of shipment will be the sole responsibility of the Associate Shipper. In case of any dispute arising between the exporter and importer about the quality, packing, period of shipment non-shipment or any other reason, the same will be settled between
them mutually.
The Associate Shipper will furnish within 7 days from the date of shipment the details of shipment for which the NOC obtained as pr Performa enclosed at
Annexure IV along with a set of non-negotiable documents to GAIC Office. |
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