CHAPTER 1 - GENERAL PROVISION AND DEFINITION
1 Definition
The following words both on the face and back of this Bill of Lading have the meaning
hereby assigned:(1) "Carrier" means a party shown at the top of the face of this Bill of Lading
including the servants, agents and the Master, and the vessel and/or her owner.
(2) “Merchant” includes the shipper, consignee, receiver of the Goods, any person owing
or entitled to the possession of the Goods or this Bill of Lading and anyone acting on
behalf of any such person.
(3) "Sub-Contractor" includes owners and operators of vessels and space providers on
vessels (other than the Carrier), stevedores, terminal and groupage operators, andindependent contractor directly or indirectly employed by the Carrier inperformance of the Carriage, their respective servants and agents, and anyone
assisting the performance of the Carriage.
(4) "Goods" means the whole or any part of the cargo received from the shipper andincludes any equipment or container or case not supplied by or on behalf of the
Carrier.
(5) "Carriage" means the whole or any part of the services of the Goods undertaken by
the Carrier in respect of the Goods under this Bill of Lading.

2 Terms and Conditions of the Carriage Contract(1) This Bill of Lading shall constitute the carriage contract between the Merchant(defined by Clause 1 above) and the Carrier.
(2) Notwithstanding the foregoing, in case there is underlying carriage contract
between the Carrier and the Merchant, this Bill of Lading is merely cargo receipt of
the Carrier at the load port and the terms and conditions of such underlying
carriage contract shall govern the rights, obligations and liabilities of the Carrier
and the Merchant in accordance with Clause 7 (Governing Law and Jurisdiction).

3 Carrier’s Tariff
The terms of the Carrier's applicable Tariff are deemed to be incorporated herein.
Copies of the relevant provisions of the applicable Tariff are obtainable from the Carrier
upon request. In case of inconsistency between this Bill of Lading and the applicable
Tariff, the terms and conditions of this Bill of Lading shall prevail.

4 Identity of Carrier(1) If the vessel is not owned by, or chartered by demise to the Carrier (as maybe thecase notwithstanding anything that appears to the contrary) this Bill of Lading
shall take effect only as a contract with the owner or demise charterer, as the casemay be, as principal, made through the agency of the Carrier which acts as agent

only and shall be under no personal liability whatsoever in respect thereof.
(2) If, despite the foregoing, it shall be adjudged that the Carrier, and not the owner ordemise charterer is a party to this Bill of Lading and/or a bailee of the Goods, alllimitations of and exemptions from liability provided by law or by the terms hereof
shall be available to the Carrier.

5 Hague Rules Legislations(1) This Bill of Lading shall have effect subject to the provisions of the International
Carriage of Goods by Sea Act, 1957 of Japan, as amended on 3 June, 1992
(hereinafter called the "Act"), unless it is adjudged that any other legislation of anature similar to the International Convention for the Unification of Certain Rules
relating to Bills of Lading signed at Brussels on 25 August, 1924, or theamendments by the Protocol signed at Brussels on 23 February, 1968, or theamendments by the Protocol signed at Brussels on 21 December, 1979, including
without limitation, the Carriage of Goods by Sea Act, 1936 of the United States(hereinafter called "US COGSA")(such similar legislation and US COGSA shallhereinafter be called "Hague Rules Legislation"), compulsorily applies to this Bill ,in which case it shall have effect subject to the provisions of such Hague Rules
Legislation.
(2) Hague Rules Legislation including US COGSA shall also apply and govern the
Carriage before the Goods are loaded on and after they are discharged from thevessel and throughout the entire time the Goods are in custody of the Carrier, its
agents, servants, representatives and Sub-Contractors, subject to Clause 9 (Period of
Liability of the Carrier).

6 Clause Paramount of US COGSA
Notwithstanding anything else in this Bill of Lading, this Bill of Lading shall haveeffect subject to US COGSA for all the Carriage moving to or from the United States ofAmerica (this expression includes its districts, territories and possessions).

7 Governing Law and Jurisdiction(1) The contract constituted by this Bill of Lading shall be governed by and construedin accordance with Japanese law, and any action against the Carrier (defined in
Clause 1 above) in respect of loss of, damage to the Goods (defined in Clause 1
above) and/or delay of the Carriage (defined in Clause 1 above) shall be exclusively
brought before the Tokyo District Court in Japan.
(2) The above paragraph (1) shall be applicable to action by the Carrier against the
Merchant, seeking confirmation of absence of liability in respect of loss of, damage
to the Goods and/or delay of the Carriage.
(3) Any other action by the Carrier against the Merchant to enforce any terms andconditions of this Bill of Lading may be brought before any court of competentjurisdiction at the option of the Carrier.
(4) In order to comply with the above (1), (2) and (3), the Merchant shall waive right ofaction in rem against the vessel at any jurisdiction where action in rem isrecognized.

8 Description on This Bill of Lading(1) Description of the Goods
This Bill of Lading shall be prima facie evidence of the receipt by the Carrier except
as otherwise noted in apparent external good order and condition and of the total
number of containers or packages (for the Goods not shipped in or on container(s))
or the Goods (for the Goods in bulk or in liquid) provided that:(a) as between the holder of this Bill of Lading in good faith and the Carrier, thedescription of the Goods on this Bill of Lading shall be conclusive evidence of theapparent external order and condition of the Goods at the time of loading into thevessel, and(b) in construing above (a), the holder of this Bill of Lading shall not be deemed to be ingood faith if he is either head or branch office of, parent subsidiary or associatedcompany of, or main or sub contractor of, or any of similar entities of the Merchantand has no independent interest in the Goods.
(2) If any particulars of any Letter of Credit and/or Import License and/or Sale
Contract and/or Invoice or Order Number and/or details of any contract to which
the Carrier is not a party are shown on the face of this Bill of Lading, suchparticulars are included solely at the request of the Merchant for his convenience.
The Merchant acknowledges that except when the provisions of Clause 33(6) apply,
the Value of the Goods is unknown to the Carrier, and that the inclusion of suchparticulars shall not be regarded as a declaration of value and in no way increases
the Carrier's liability under this Bill of Lading. The Merchant further agrees toindemnify the Carrier against all consequences of including such particulars inthis Bill of Lading.
(3) Description of “From”
In case the column of “(From)”on the face hereof are filled up and this Bill of
Lading is issued at a place other than the port of loading onto the vessel, any
statement herein as to the shipment of the Goods shall be construed to relate only
to the time when and place where the Goods were loaded on board the local vessel.

9 Period of Liability of the Carrier(a) Berth Term/Liner Term
Unless otherwise agreed between the Carrier and the Merchant, the Carrier shallnot be liable in any capacity whatsoever for any loss of and/or damage to the Goods
occurring before loading onto the vessel at the port of loading or after discharge
from the vessel at the port of discharge, whether awaiting shipment, landed or(2)stored or put into craft, barge, lighter or otherwise belonging to the Carrier or not,or pending transhipment at any stage of the Carriage.
FI, FO, FIO Term
In case loading and/or discharge of the Goods are effected by the Merchant at his
expense (in which case, the terms "FI", "FO" or "FIO" are shown in this Bill of
Lading as the case may be), the Carrier's responsibility shall commence whenloading has been completed and/or cease when discharge has begun respectively,
and the Carrier shall be exonerated from any loss of and/or damage to or inconnection with the Goods occurring due to the bad loading, stowage anddischarge of the Goods effected by the Merchant, irrespective of when such loss of,damage to the Goods or the damages arise during such loading, stowage ordischarge of the Goods or carriage at sea, during such loading and/or discharge,
even if such loading and/or discharge are done with the assistance and/or advice ofthe Master/vessel's officers/crew, who in such cases, are deemed to be an agent(s)or employee(s) of the Merchant.

10 Title to Sue
A person entitled to demand the delivery of the Goods (defined by Clause 1 above) at theport of discharge in exchange for surrender of this Bill of Lading and retaining title tosue against the Carrier in respect of loss of and/or damage to the Goods and/or delay of
Carriage of the Goods shall be only the holder of this Bill of Lading with a lawful seriesof endorsement.

CHAPTER 2 - LIBERTIES OF THE CARRIER
11 Matters Affecting the Carriage(1)

In any situation whatsoever, whether or not existing or anticipated before
commencement of or during the Carriage, which, in the judgment of the Carrier,(a) has given or is likely to give rise to danger, injury, loss, delay, risk of capture,seizure or detention, or disadvantage of whatsoever nature to the vessel, theCarrier, the Goods, any person or any property, or(b) has rendered or is likely to render it in any way unsafe, impracticable or unlawful
or against the interest of the Carrier or the Merchant to commence or continue
the Carriage or to discharge the Goods at the port of discharge by the route or inmanner originally intended by the Carrier,the Carrier shall be at liberty to,(a) cancel the contract of the Carriage without compensation before the Goods areloaded on board the vessel, in which case the Carrier shall be entitled to require
the Merchant to take delivery of them and upon failure of the Merchant to do so, towarehouse or place them anywhere at the risk and expense of the Merchant, or(b) discharge the Goods or any part thereof at any port or place selected by the
Carrier or to carry them back to the port of loading and there discharge them if theGoods have been loaded on board the vessel and the obligations of the Carrier
under this Bill of Lading shall cease at the time of the discharge of the Goods.
(2) If, after any action under the preceding paragraph, the Carrier makes any further
arrangements to store and/or tranship and/or forward the Goods, it is agreed that,(a) the Carrier does so as agent only for, and at the sole risk,
responsibility and expense of the Merchant without any liability whatsoever inrespect of such agency, and(b) the Merchant shall reimburse the Carrier forthwith upon demand all extra freight,
charges and expenses incurred thereby.
(3) The situations referred to in the paragraph (1) above shall include, but not belimited to, those caused by the existence or apprehension of,(a) war declared or other disturbances;(b) closure of, obstacle in or danger to any canal;(c) blockade of port or place or interdict or prohibition of or restriction on commerce or
trading;(d) quarantine, sanitary or other similar regulation or restrictions;(e) strikes, lockouts or other labor troubles whether partial or general and whether or
not involving employees of the Carrier or his Sub-Contractors;(f) congestion of port, wharf, quay or any other place; or(g) shortage, absence or obstacles of labor or facilities for loading, discharge, delivery
or other handling of the Goods; epidemics or diseases; bad weather, shallow water,
ice or other obstacles in navigation.
(4) The Carrier shall also have liberty to comply with orders, directions,
regulations, recommendations or suggestions as to departure, arrival, route, portsof call, stoppage, loading, discharge, handling, destination, delivery, quarantine
or otherwise, howsoever given by any government, public authorities ordepartment thereof or any person acting or purporting to act with authority ofsuch government, public authorities or department thereof or by any committee or
person having, under the terms of any insurance on the vessel, the right to givesuch orders, directions, regulations, recommendations or suggestions.
(5) If by reason of and/or in compliance with any such orders, directions,
regulations, recommendations or suggestions anything is done or is not done,
the same shall be deemed to be proper performance of the Carriage and shall not
be deemed to be breach of or deviation from contract.

12 Carriage Affected by Condition of the Goods(1)

If it appears at any time that, due to the condition of the Goods, the Goods cannot
safely or properly be carried further or without including additional expense or
taking any measure(s) in relation to the package, container, case or the Goods, theCarrier shall be at liberty to with or without notice to the Merchant and as agent
or in his own name, take any measure(s) and/or incur any additional expense to(2)carry or to continue the Carriage thereof, and/or sell or dispose the Goods, and/or
abandon the Carriage and/or store them ashore or afloat, under cover or in theopen, at any place, whichever the Carrier, in his absolute discretion, considers
most appropriate.
Upon such abandonment, storage, sale or disposal of the Goods, the obligations of
the Carrier under this Bill of Lading shall cease and the Merchant shallindemnify the Carrier against any additional expense so incurred.

13 Methods and Route of the Carriage(1) At any time and without notice to the Merchant, the Carrier shall be at liberty to:(a) use any means of carriage whatsoever,(b) use Sub-Contractor on any terms whatsoever,(c) tranship the whole or any part of the Goods, with or without notice, at any port orplace for any purpose whatsoever, or to forward the same by any means oftransport by water, land or air, whether owned or operated by the Carrier or not.
The Carrier's liability shall, in this event, cease when the Goods leave the vessel's
tackle.
(d) proceed by any route in his discretion (whether or not the nearest or most direct
or customary or advertised route) and proceed to or stay at any place or port
whatsoever, once or more often and in any order,(e) load and unload the Goods at any place or port (whether or not such port is named
overleaf as the port of loading or port of discharge) and store the Goods at any
such place or port,(f) comply with any orders or recommendations given by any government orauthority, or any person acting or purporting to act as or on behalf of suchgovernment or authority, or having under the terms of any insurance on any
conveyance employed by the Carrier the right to give orders or directions,(g) permit the vessel to proceed with or without pilots, to tow or be towed, or to go to
repair yards for dry-dock in ballast or loaded condition, shift berths, take infuel or stores, embark or disembark any person, carry explosives, munitions,warlike stores and hazardous cargo, and save or attempt to save life or property.
(h) open any container or package at any time and to inspect, reweigh, remeasure,revalue, sort, mend, repair, repack or reconditioning or otherwise protectingorcaring for the Goods without notice to the Merchant, and the Carrier shall not beliable for any loss or damage incurred arising therefrom. The Merchantauthorizes the Carrier to pay and/or incur all such charges and expenses and to do
any matters mentioned above at the expense of and as agent for the Merchant andto engage other persons to regain or seek to regain possession of the Goods and do
all things deemed advisable for the benefit of the Goods.
(i) comply with the custom or practice of any port or place, whether legal, factual orcommercial, whether prevailing locally, nationally, or internationally, andwhether the Merchant personally knows of such custom or practice, with regard
to receiving, loading, stowing, keeping, carrying, discharging, and/or delivering
Goods, and in particular, the Carrier shall be entitled to give delivery of the Goods
without surrender of an original Bill of Lading in those jurisdictions where suchpractice is recognized whether by custom or law.
(2) The Merchant acknowledges that the freight paid or to be paid under thisContract assumes that the vessel will travel through waterways, natural or
artificial, including the Panama Canal and the Suez Canal, (“Waterway”) wheresuch transit is the shortest and/or most convenient route to the discharge port.
The Merchant acknowledges that there is a risk that any such Waterway may beblocked, closed or that the vessel may encounter significant delay (more than 72
hours waiting time) at such Waterway. In such an event or reasonably
anticipated event, at the Carrier’s discretion,(a) the vessel may wait at or off the Waterway, and/or(b) the vessel may sail such alternative route as the Carrier deems suitable, and/or(c) the Master may discharge the cargo at a close or convenient port with all of the
Carrier's obligations under this contract being considered fulfilled.
The Merchant shall be liable to pay the Carrier additional freight as agreed (a) for
any waiting time exceeding 48 hours, whether the voyage is eventually resumedor the cargo is lawfully discharged at a close or convenient port and (b) for theconsequent increase in time for sailing an alternative route. The additional
freight shall be determined based upon the cost of the Carrier such as hire to be
spent and bunker to be consumed for the waiting time exceeding 48 hours in caseof the above (a) and the cost of the Carrier such as hire and bunker for the
prolonged voyage time at an alternative route in case of the above (b).
If the amount of additional freight is not agreed to between the Carrier and theMerchant within reasonable time, such an amount shall be exclusively
determined by the Japan Shipping Exchange, Inc. in accordance with its rules
concerning the issuance of appraisal and certificate.
The determination of the amount of the additional freight by the Japan Shipping
Exchange, Inc. shall be final and conclusive and the cost for such appraisal shallbe borne by a losing party.
The Carrier shall have a lien on the cargo for any freight and discharging costs
payable by the Merchant according to this Clause.
(3) Anything done in accordance with the precedent paragraph (1) and (2) or any
delay arising therefrom shall be deemed to be proper performance of the Carriage
and shall not be breach of or deviation from contract.
(4) In case of paragraphs (1)(f), (h) and (i), the Carrier shall not be liable for any lossof or damage to the Goods caused by such operations and the Merchant shallindemnify the Carrier for the cost of all measures taken as above.

CHAPTER 3 - RESPONSIBILITY AND UNDERTAKINGS OF
THE MERCHANT
14 Responsibility of the Merchant(1)

All the persons coming within the definition of Merchant in Clause 1
shall be jointly and severally liable to the Carrier for the due fulfillment of all
obligations undertaken by the Merchant in this Bill of Lading and/or required bylaw.
(2) The Merchant shall indemnify the Carrier against all loss, damage,fines and expenses, arising or resulting from any breach of obligations and/or
warranties of the Merchant or of any clause in connection with the Goods forwhich the Carrier is not responsible.
(3) The Merchant shall comply with all regulations or requirements ofcustoms, ports and/or other authorities and shall bear and pay all duties, taxes,
fines, imposts, expenses or losses (including, without prejudice to the generality of
the foregoing, freight for any additional carriage undertaken) incurred or suffered
by reason of any failure to so comply, or by reason of any illegal, incorrect, orinsufficient marking, number or addressing of the Goods or the discovery of any
drugs, narcotics, stowaways or other illegal substances within containers or cases
packed by the Merchant or inside Goods supplied by the Merchant, or stamp duty
imposed by any country, and shall indemnify the Carrier in respect thereof.

15 Undertakings of the Merchant in Respect of Claims(1)

The Merchant undertakes not to file legal action for loss of and/or damage to theGoods and/or delay of the Carriage against the Carrier and/or the vessel at any
foreign jurisdiction other than the Tokyo District Court designated at Clause 7 (1)above.
(2) The Merchant undertakes that no claim or allegation shall be made against any
servant, agent, subsidiary and/or Sub-Contractor of the Carrier which imposes
or attempts to impose upon any of them, or upon any vessel owned or operated byany of them, any liability whatsoever in connection with the Goods, and if any
such claim or allegation or legal action should nevertheless be made, theMerchant shall indemnify the Carrier against all consequences thereof.
(3) Without prejudice to the foregoing, every such servant, agent, subsidiary and/or
Sub-Contractor of the Carrier shall have the benefit of all provisions herein
benefiting the Carrier as if such provisions were expressly for their benefit, and inentering into this contract, the Carrier, to the extent of those provisions, does so
not only on its own behalf, but also as agent and trustee for such servants, agents,
subsidiary and/or Sub-Contractors.

16 Safety and Legality of the Goods(1) The Merchant undertakes that;(a) the nature and legality of the Goods and sufficiency of the packing condition is tobe safe and durable for the Carriage and(b) any information on the safety of the Goods and sufficiency of the packing condition
during the Carriage is to be given to the Carrier before the shipment of the Goods,
whether or not such information is known to the Carrier.
(2) In particular, the Merchant undertakes not to tender for transportation of any
Goods which are of a dangerous, inflammable, radio-active, or damaging nature
without previously giving written notice of all up to date information within his
knowledge as to requirements for the safe Carriage of the Goods and any otherinformation with respect to the Goods including their nature and the method ofrendering them innocuous, with the full names and addresses of the shipper andthe consignee, to the Carrier and marking the Goods and the container or othercovering on the outside as required by any laws or regulations which may be
applicable during the Carriage.
(3) If the vessel calls any country that requires security filing including but not limited
to the United States, Canada, Brazil and the European Union member states,
including any of their territories, regardless whether this country is a port ofloading or discharge for Merchant's cargo, the following provisions shall apply withrespect to any applicable regulations or measures:
The Merchant shall provide the Carrier with all information needed for security
filing no later than 72 hours prior to vessel's loading or if the decision to call thecountry requiring security was made by the Carrier after the vessel had sailed notlater than 48 hours after the Merchant received Carrier's request to provide suchinformation.
(4) The Merchant warrants throughout the duration of this Carriage that:(a) it is not the subject of any Sanctions or Sanction Lists or owned, in whole or inpart, by any entity or person subject of same;(b) it shall comply with all Sanctions; and(c) the booking and carriage of the Cargo is not subject to any Sanctions.
The Carrier shall have the right to perform or suspend delivery if the Carrier
becomes aware that the Merchant is or may be, in the Carrier's judgment, in breachof the above warranties (whether as a result of any action and/or omission) or that
the Carriage or the Goods poses in the Carrier's judgment the potential for theimposition of Sanctions against the Carrier or the Merchant, whichever the Carrierin his absolute discretion considers most appropriate. The Carrier shall also beentitled to exercise any and all rights in Clause 11.
(5) The Merchant shall indemnify, defend and hold harmless the Carrier against any
and all damages, liabilities, penalties, fines, costs, losses, expenses and delay of the
Carriage arising out of or related to any breach of the above undertakings and/orthe Carrier exercising its rights pursuant to this clause if not caused by Carrier's
negligence.

17 Weight Declaration of the Goods(1) The weight must be declared by the Merchant in writing before receipt by the
Carrier and must be marked clearly and durably on the outside of the piece or
package in letters and figures not less than two inches high.
(2) In case of the Merchant’s failure in his obligations under the preceding paragraph,
the Carrier shall not accept the Goods, and, even if he accepts, shall not be
responsible for any loss of and/or damage to the Goods and/or delay of the Carriage.
(3) The Merchant shall be liable for loss of or damage to any property or for personal
injury arising as a result of the Merchant’s said failure and shall indemnify the
Carrier against any kind of loss, damage or liability suffered or incurred by the
Carrier as a result of such failure.

18 Marks on the Goods(1) The Merchant undertakes that(a) the marks are clearly and durably stamped or marked upon the Goods orpackage(s) by the Merchant before the shipment in letters and numbers not lessthan two inches high, together with the names of the port of discharge and/or
destination,(b) such marks correspond to the marks shown on this Bill of Lading and also,(c) such marks, in all respects, comply with all laws and regulations in force at theports of loading and discharge and/or destination.
(2) The Merchant shall indemnify the Carrier against all loss, damage, liability to
third party, expenses, penalties and fines arising out of or resulting fromincorrectness or incompleteness thereof.

19 Readiness of the Goods for Loading and Delivery(1) The Merchant shall be under an obligation to make the Goods in readiness for theloading into the vessel timely on the schedule of the vessel at the port of loading
and to take the delivery of the Goods at the port of discharge as soon as the Carrier
is ready for delivery of the Goods.
(2) In case there is delay of the schedule of the vessel due to the failure of the
Merchant to do so, the Merchant shall pay for detention charge.
(3) It is confirmed that the Merchant cannot refuse the delivery of the Goods even if
the Goods has been damaged as far as the identity of the Goods remains
unchanged.

CHAPTER 4 - PERFORMANCE OF OPERATION IN RESPECT
OF CARRIAGE
20 Stowage(1) The Goods shall not be carried in the refrigerated, ventilated, insulated, heated or
any other special compartments but shall be carried in the ordinary
compartments, unless(a) Special arrangements for such stowage have been agreed upon in writing prior to
shipment between the Carrier and the Merchant,(b) Such special arrangements are on the face of this Bill of Lading, and(c) Special freight as required has been prepaid.
(2) The Carrier shall not be liable for any loss of and/or damage to the Goods and/or
delay of the Carriage arising out of or resulting from such stowage in theordinary compartments.
(3) Goods stowed in poop, forecastle, deckhouse, shelter deck, passenger space, bunker
space, or any other covered space shall be deemed to be stowed under deck for
all purposes, including general average. The Merchant agrees that the Goods neednot be stowed under deck and that they may be stowed on deck unless the
Merchant informs the Carrier in writing before delivery of the Goods to the Carrierthat under deck stowage is required.

21 Discharge
The Goods may be discharged from the vessel, with or without notice of arrival ordischarge to the Merchant, as soon as the vessel is ready to do so and continuously
Sundays and holidays included, at all such hours by day or by night as the Carrier may
determine, no matter what the state of the weather or custom of the port may be.

22 Delivery(1) In any case the Carrier’s responsibility shall cease at the time when the Goods aredischarged from the vessel and in any case all risks and expenses (including
expenses for landing, lighterage, storage, cartage, port charges, etc.) incurred
after discharge from the vessel shall be borne by the Merchant, notwithstanding
any custom of the port to the contrary. The Goods shall in any event be considered
to be delivered to the Merchant at his own risk and expense in every respect whentaken into the custody of customs or other authorities.
(2) The Carrier shall be responsible for delivery only in accordance with the marks
stamped on the Goods or the package(s) by the Merchant and shall not be liable
for failure or delay in delivery of the Goods in accordance with incorrect marks.
(3) Goods which cannot be identified as to marks and numbers, cargo sweepings, liquid
residue and any unclaimed goods not otherwise accounted for shall be allocatedfor the purpose of completing delivery to the various merchants of goods of likecharacter, in proportion to any apparent shortage, loss of weight or damage, andsuch Goods or parts thereof shall be accepted as full and complete delivery.
(4) Irrespective of any agreements for the direct delivery of the Goods from the vessel’s
tackle or hold to the Merchant, the Carrier is hereby authorized by the Merchantto discharge the Goods onto a wharf, quay and into lighters, barges, craft or
warehouse selected by the Carrier.
(5) If the Carrier makes a special agreement to deliver the Goods at a specified dock or
wharf, the Carrier is to make such delivery only if, in the sole judgment of the
Carrier,(a) the vessel can safely, under her own power, proceed to, lie at, and return from thesaid dock or wharf always afloat at any time of tide, and(b) such dock or wharf is available for the vessel to discharge immediately,and
otherwise the Goods shall be discharged at any other place and the Carrier’s
responsibility shall then cease.
(6) Optional delivery shall be only granted when arranged prior to the Carriage and so
expressly provided herein. The Merchant desiring to avail himself of the option so
expressed must give notice in writing to the Carrier at the first port of the vessel’s
call named in the option at least 48 hours prior to the vessel’s arrival there,
otherwise the Goods shall be landed at any of the optional ports at the Carrier’s
option and the Carrier’s responsibility shall then cease.
(7) If the Goods be unclaimed within 30 days after discharge from the vessel, or if, in
the opinion of the Carrier, they are likely to deteriorate, decay, become worthlessor incur charges whether for storage or otherwise in excess of their value, they may,at the Carrier’s discretion and subject to the Carrier’s lien, be sold, abandoned or
dealt with otherwise, solely at the risk and expense of the Merchant. The Carrier
shall not be required to give any notice of disposition of the Goods under thisClause.

23 Overcarriage
In case the Goods or any part thereof cannot be found during the vessel’s stay at theport of discharge, the Goods are, when found, to be forwarded to their destination at the
Carrier’s expense but free of liability for any loss, depreciation or damage arising fromover carriage or return carriage.

24 Through Carriage(1) In case of through carriage under this Bill of Lading, the Merchant constitutes the
Carrier his agents to enter into contract with others for the pre-carriage and/or
on-carriage of the Goods and/or for the storing, lightering, transhipment or otherdealing therewith, prior to, or in the course of, or subsequent to the Carriage in the
Carrier’s vessel without any liability attaching to him in respect of such agency.

(2) The responsibility of each carrier acting as such is limited to that part of thetransport actually undertaken by him, and the Carrier shall not be under any
liability for damage and/or loss arising from whatsoever cause during any otherpart of the transport, even though the freight for the whole transport has beencollected by the Carrier.

CHAPTER 5 - SPECIAL GOODS
25 Deck Cargo
Goods which are stated herein to be carried on deck are accepted and carried solely at
the risk of the Merchant without responsibility on the part of the Carrier for loss ordamage of whatsoever nature arising during the Carriage by sea whether caused byunseaworthiness or negligence or any other cause whatsoever and the Merchant shallindemnify the Carrier against any claim, loss, damage or expense arising inconsequence thereof.

26 Iron and Steel Goods(1)

In case of the iron, steel and metal goods which are, at the time of the shipment,in ordinary external condition of rust, corrosion, oxidation, moisture, scratch,dent or bend, the term “apparent good order and condition” on the face hereof
does not mean any admission or representation by the Carrier as to the absenceof such ordinary rust, corrosion, oxidation, moisture, scratch, dent or bend andthe Carrier shall not be liable to the Merchant (including the holder of this Bill of
Lading in good faith) for such ordinary disorder.
(2) In case of iron and steel, angles, bars, channels, etc. shipped loose or in bundles,
the Carrier shall not be responsible for correct delivery, and all expenses incurredat the port of discharge consequent upon insufficient securing or marking shallbe paid by the Merchant unless;(a) every piece is distinctly and permanently marked with oil paint;(b) every bundle is securely fastened, distinctly and permanently marked with
oil-paint and metal-tagged, so that each piece or bundle can be distinguished at
the port of discharge.

27 Lumber and Timber(1)

In case of the lumber, timber and products thereof which are, at the time of
shipment, in the ordinary external condition of chafage, breakage, hook holes,
split, broken pieces, stain, warps, shakes and/or decoloration, the term “apparent
good order and condition” on the face hereof does not mean any admission andrepresentation by the Carrier as to the absence of such ordinary chafage,
breakage, hook holes, split, broken pieces, stain, warps, shakes and /ordecoloration and the Carrier shall not be liable for such ordinary disorder.

(2)In case of insect damage to the lumber, timber and products thereof, the Carrier
shall not be liable unless the Merchant proves that such Goods has been properly
fumigated before the shipment and gives notice in writing to the Carrier need of
fumigation of the cargo holds of the vessel before the shipment.

28 Bulk Cargo
(1)

(2)

The quantity or weight of the Goods shown on the face hereof is ascertained by aparty other than the Merchant and the Carrier, who have no reasonable means ofchecking the accuracy thereof, and agreed to be stated herein only for the
Merchant’s convenience, without constituting any evidence against the Carrier.
The Carrier shall not be responsible for shortage of the Goods based upon thediscrepancy between the measurement on the shore scales before the shipment
and after the discharge of the Goods or between the draft surveys at the port ofloading and the port of discharge if the Carrier proves that all the Goods loadedat the port of loading has been fully discharged at the port of discharge.

29 Secondhand and Other Unpacked Goods
(1)

(2)

The term “apparent good order and condition” when used in this Bill of Leadingwith reference to second hand automobiles, rolling stocks, tractors, machineryand all other unpacked Goods does not mean that the Goods when received were
free of visible bent, dent, scratch, hole cut and/or bruise.
It is mutually understood and agreed that all unpacked Goods shall be construed
insufficiency of packing, and the Carrier shall in no event be held responsible forloss and/or damage resulting therefrom.

CHAPTER 6 - CONTAINERS
30 Stowage of Containers under or on Deck
The Goods packed in containers (other than flats or pallets) whether by the Carrier orthe Merchant, may be carried on or under deck without notice to the Merchant andwithout on deck notation on the face of this Bill of Lading. All such Goods, whether
carried on deck or under deck, shall participate in general average and such Goods(other than live animals) shall be deemed to be within the definition of the Goods for the
purposes of Hague Rules Legislations.

31 “Apparent Good Order and Condition” for Shipper’s Pack Container
If a container and/or a case has not been packed by or on behalf of the Carrier but by the
Merchant, the term “apparent good order and condition” stated on the face of this Bill of
Lading does not mean the apparent external good order and condition of the Goods
stowed in the container but merely means the apparent external good order andcondition of the container.

32 Liability of the Carrier for Shipper’s Pack Container(1) The Carrier shall not be liable for loss of and/ or damage to the Goods caused by:(a) The improper manner in which the container and/or the case has been packed, or(b) The unsuitability of the Goods for Carriage in the container and/or the case
supplied, or(c) The unsuitability or defective condition of the container and/or the case.
(2) In regard to (c) of the preceding, even if the container and/or the case has been
supplied by or on behalf of the Carrier, the exception of liability of the Carrier for
the unsuitability and defective condition of the container shall be still applicable
unless condition of such unsuitable and defective container has been noticed to the
Carrier by the Merchant even though such unsuitability and defective condition of
the container had been apparent upon inspection by the Merchant at or prior to
the time when the container and/or the case was packed.
(3) Containers with Goods packed by the Merchant shall be supplied with an intact
high security seal by the Merchant, and the seal number shall be noted in writingon this Bill of Lading by the Merchant.
(4) If the container is discharged from the vessel at the port of discharge in apparent
external good order and condition with seals intact, such discharge shall bedeemed as full and complete performance of the Carrier’s obligation hereunder
and the Carrier shall not be liable for any loss or damage to the Goods.
The Merchant shall indemnify the Carrier against any loss, damage, liability or expensecaused by one or more matters referred to in the preceding paragraph (1).

CHAPTER 7 - LIABILITY OF THE CARRIER FOR THE GOODS
33 Scope of Liability(1)

Assessment of Damages
When the Carrier is liable for compensation in respect of any loss of or damage
to the Goods, such compensation shall be calculated by reference to the value of
the Goods at the place and time they are discharged from the vessel, or at theplace and time they should have been discharged.
(2) Invoice ValueFor the purpose of determining the extent of the Carrier’s liability for loss of ordamage to the Goods, the value of the Goods is presumed to be the invoice value
plus freight and insurance premium, if paid.
(3) Limitation of Liability
Notwithstanding the preceding paragraphs, the Carrier shall not be liable for loss
or damage in an amount exceeding 666.67 Units of Account of Special Drawing
Right (SDR) per package or 2 Units of Account of SDR per kilograms of grossweight of the Goods lost or damaged, whichever is the higher.

(4) US COGSA
If this Bill of Lading covers the Goods moving to or from the U.S.A. (including its
districts, territories or possessions) and if US COGSA is compulsorily applicable,
then the amount of the foregoing limitation shall instead be U.S.$500 per package
or customary freight unit.
(5) Container
Where the cargo has been packed into container(s) or unitized into similar
article(s) of transport by or on behalf of the Merchant, and when the number ofpackages or units packed into container(s) or unitized into similar article(s) oftransport is not enumerated on the face hereof, each container or similar article
including the entire contents thereof shall be considered as one package for the
purpose of the application of the limitation of liability provided for herein.
(6) Declaration of Value of the Goods
Notwithstanding the foregoing, the Carrier shall be liable for loss of and or
damage to the Goods in an amount of the value of the Goods only if,(a) the value of the Goods higher than the amounts of limitation in the paragraphs of(3) and (4) has been declared in writing by the Merchant before shipment of theGoods,(b) such declared value of the Goods has been inserted in this Bill of Lading together
with nature thereof, and(c) the additional charges as required have been prepaid in addition to freight,
provided, always, that this declaration of the value of the Goods embodied in theBill of Lading shall be prima facie evidence, but shall not be conclusive on the
Carrier.
Therefore,(d) if the actual value of the Goods per package or unit exceeds such declared value,
the liability of the Carrier shall be limited to the declared value, and(e) if the declared value is markedly higher than the actual value, the Carrier shallin no event be liable to pay any compensation, .It is confirmed and agreed that agood opportunity to declare the value of the Goods has been given to the
Merchant by reason of the “Declared value column” on the face of this Bill of
Lading.
(7) Partial Loss or Damage
Any partial loss or damage shall be adjusted pro rata on the basis of such invoiceor declared value.
(8) Delay and Consequential Damage
The Carrier does not undertake that the Goods shall arrive at the port ofdischarge at any particular time or to meet any particular market or use, and the
Carrier shall in no circumstances be liable for delay or for any indirect or special
or consequential loss or damage incurred by the Merchant.

34 Notice of Loss or Damage and Time Bar
(1)

(2)

Notice of Claim
Unless notice of loss or damage to the Goods and general nature of it be given inwriting to the Carrier at the port of discharge at the time of the delivery of theGoods in accordance with Clauses 21 and 22 or, if the loss or damage is notapparent, within three days thereafter, the Goods shall be deemed to have beendelivered as described herein.
One Year Time Bar
In any event the Carrier and the vessel shall be discharged from all liability in any
capacity whatsoever for any loss or damage to the Goods, unless suit is brought
within one year after the delivery of the Goods or the date when the Goods shouldhave been delivered.

CHAPTER 8 - FREIGHT, CHARGES AND LIEN
35 Freight
(1)

(2)

(3)

The amount of freight has been calculated and agreed to on the basis ofparticulars of the quantity, weight or volume of the Goods, as the case may be,
furnished by or on behalf of the Merchant. If the particulars furnished by or on
behalf of the Merchant are incorrect, it is agreed that a sum equal to double ofthe correct freight less the freight charged shall be payable as liquidated damage
to the Carrier, provided that the Carrier’s Tariff does not stipulate otherwise.
All freight shall be paid to the Carrier by the Merchant in cash without any set-off,counter claim, deduction or stay of execution either at or prior to the time agreed
for payment or at latest before delivery of the Goods.
Freight shall be deemed fully earned on receipt of the Goods by the Carrier,whether the Goods are lost or not, and shall be paid and non-returnable in any
event.

36 Dead FreightIf, for any reason whatsoever, the Goods or any part thereof are not available when thevessel is ready to load (Berth term) or the Merchant fails to load the Goods (FI term),
the Carrier is relieved of any obligation to load such Goods and the vessel may leave theport without further notice and dead freight shall be paid by the Merchant as liquidated
damage.

37 Other Charges, Cost and Expenses Payable by the Merchant(1)

The Goods once shipped cannot be taken away or disposed of by the Merchantand/or the holder of this Bill of Lading except upon the Carrier’s consent andagainst payment of full freight and compensation for any loss, damage or expense
sustained by the Carrier through such taking away or disposal.

(2)

(3)

The Merchant shall be liable for and indemnify the Carrier against all dues, duties,
taxes and charges including consular fees levied on the Goods, or all fines and/or
loss sustained or incurred by the Carrier in connection with the Goods howsoever
caused, including the Merchant’s failure to comply with laws and regulations ofany government or public authorities in connection with the Goods or to procure
consular, Board of Health or other certificate to accompany the Goods.
Charge payable by the Merchant includes court costs, legal fee and expenses
incurred in collecting monies due to the Carrier.

38 Return Cargo
The Merchant shall be liable for return freight and charges on the Goods refused
exportation or importation by any government or public authorities or by the Merchantat the port of discharge and returned to the port of loading at a liberty of the Carrier.

39 Lien over the Goods(1) The Carrier shall have a lien on the Goods and any documents relating thereto for;(a) all sums payable to the Carrier under this contract including general averagecontributions, to whomsoever due, and(b) all sums due from the Merchant to the Carrier under any other contract.
(2) For recovering any sums due, the Carrier shall have the right to sell the Goods bypublic auction or private sale, without notice to the Merchant. In any event, anylien shall extend to cover the cost of recovering any sums due.

CHAPTER 9 - OTHER TERMS
40 General Average and Salvage(1) General Average
Any general average on a vessel operated by the Carrier shall be adjusted
according to the York/Antwerp Rules of 1994 (or at the election of the Carrier,York/Antwerp Rules 1974 as amended in 1990) at any port or place and in any
currency at the option of the Carrier.
Any general average on a vessel not operated by the Carrier (whether aseagoing or inland waterways vessel) shall be adjusted according to therequirements of the operator of that vessel.
In either case the Merchant shall give such cash deposit or other security as the
Carrier may deem sufficient to cover the estimated general average contributionof the Goods before delivery if the Carrier requires. The Carrier shall be under noobligation to exercise any lien for general average contribution due to the
Merchant.
(2) Salvage
If salvage services are rendered to the vessel and the Goods then, as soon asrequested to do, the Merchant shall provide salvage security in the amount andin the form requested by the salvor.
In the event of any failure to provide security promptly the Merchant shallindemnify the Carrier for all loss, damage and expenses, including consequential
loss caused by delay, suffered by the Carrier.
(3) Damage to Environment
All expenses in connection with a general average or salvage act to avoid damage
to the environment always to be considered general average expenses.

41 Amended Jason Clause and Both-to-Blame Collision Clause
The New Jason Clause and the Both to Blame Collision Clauses published by the Baltic
and International Maritime Council are hereby incorporated into this Bill of Lading
and accordingly, the Carrier shall be entitled to recourse claim against the Merchant.

42 Fire and Nuclear Incident
(1)

(2)

The Carrier shall not be responsible for any loss or damage to the Goods arising or
resulting from fire occurring at anytime, unless caused by the actual fault or
privity of the Carrier.
The Carrier shall not be responsible for any loss or damage to the Goods arising or
resulting from nuclear incident occurring at anytime, unless caused solely by
personal willful misconduct of the Carrier.

43 Defenses and Limits for the Carrier
The defenses and limits of liability provided for in this Bill of Lading shall apply in any
action against the Carrier for all liability whatsoever in respect of the Goods whether
the action be founded in contract, in tort or otherwise.

44 Pandemic of any infection
(1)

(2)

(3)

The Merchant shall not be allowed to cancel the loading of the Cargo due tolockdown which does not extend to the suspension of the operation of the loadingor discharging port and shall remain to be responsible for the loading of the
Cargo unless the Merchant can prove that operation of the loading or discharging
port is not possible and has been suspended for a long time due to the lockdown.
The Merchant shall be allowed to cancel the loading of the Cargo due to lockdown
which extends to the suspension of the operation of the loading port ordischarging port but the Merchant shall pay to the Carrier dead freight orcancellation fee in case such cancellation is declared just shortly before thearrival of the carrying vessel to the loading port so that there can be no time for
the Carrier enough to suspend such voyage or to seek substitute cargo.
Should it appear that the Vessel and / or the crew are exposed to a highly
infectious or contagious disease and / or a risk of quarantine or other restrictions

(4)

(5)

whatsoever related to such a disease at the port / place of discharge and / or any
other port / place en route, or that any such risk / exposure has increased, theMaster and / or the Carrier shall be at liberty to discharge the cargo at the port /place of loading or any other safe and convenient port / place.
The discharge of any cargo shall be deemed due fulfillment of the contract and theMerchant shall pay in addition to the freight a reasonable compensation for any
services rendered to the cargo after apportioning according to the quantity.
In case the loading and or discharge of the cargo is delayed because of theinfection of crew with highly infectious or contagious disease, the Merchant shallbe responsible for any additional costs, including detention charge of the vessel
which may arise due to such delay and the Carrier shall not be liable for (a) any
additional cost even before loading、(b) for delay in loading or discharge of the
cargo or (c) for any indirect or special or consequential loss or damage incurred by
the Merchant.