RULE: 8 - BILL OF LADING Eff: 03Feb1997

Effective 03Feb1997
Filed 30Dec1996
Filing Codes I

1. DEFINITIONS
   "Carrier" means the Company stated on the front of this
Bill of Lading as being the Carrier and on whose behalf
this Bill of Lading has been signed.
   "Merchant"includes the shipper, the consignee, the
receiver of the Goods, the holder of this Bill of Lading,
any person owning or entitled to the possession of the
Goods or this Bill of Lading, any person having a present
or future interest in the Goods or any person acting on
behalf of any of the above mentioned persons.
   "Goods" includes the cargo supplied by the Merchant and
includes any Container not supplied by or on behalf of the
Carrier.
   "Container" includes any container, trailer,
transportable tank, lift van, flat, pallet or any similar
article of transport used to consolidate goods.
   "Carriage" means the whole of the operations and
services undertaken or performed by or on behalf of the
Carrier in respect of the Goods.
   "Combined Transport" arises where the Carriage called
for by this Bill of Lading is not Port to Port.
   "Port to Port Shipment" arises where the Place of
Receipt and the Place of Delivery are not indicated on the
front of this Bill of Lading or if both the Place of
Receipt and the Place of Delivery indicated are ports and
the Bill of Lading does not in the nomination of the Place
of Receipt or the Place of Delivery on the front hereof
specify and place or spot within the area of the port so
nominated.
   "Hague Rules" means the provisions of the international
Convention for Unification of certain Rules relating to
Bills of Lading signed at Brussels on 25th August 1924.
   "Hague-Visby Rules" means the Hague Rules as amended by
the Protocol signed at Brussels on 23rd February 1968.
   "COGSA" means the Carriage of Goods by Sea Act of the
United States of America approved on 16th April 1936.
   "COGWA" means the Carriage of Goods by Water Act 1936 of
Canada.
   "Charges" includes freight and all expenses and money
obligations incurred and payable by the Merchant.
   "Shipping Unit" includes freight unit and the term
"unit" as used in the Hague Rules and Hague-Visby Rules.
   "Stuffed" includes filled, consolidated, packed, loaded
or secured.

2. CARRIER'S TARIFF
   The provisions of the Carrier's applicable Tariff, if
are incorporated herein. Copies of such provisions are
obtainable from the Carrier or his agents upon request or,
where applicable, from a government body with whom the
Tariff has been filed. In the case of inconsistency between
this Bill of Lading and the applicable Tariff, this Bill of
Lading shall prevail.

3. WARRANTY
   The Merchant warrants that in agreeing to the terms
hereof he is or is the agent of and has the authority of
the person owning or entitled to the possession of the
Goods or any person who has a present or future interest in
the Goods.

4. NEGOTIABILITY AND TITLE TO THE GOODS
   (1) This Bill of Lading shall be non-negotiable unless
made out "to order" in which event it shall be negotiable
and shall constitute title to the Goods and the holder
shall be entitled to receive or to transfer the Goods
herein described.
   (2) This Bill of Lading shall be prima facie evidence of
the taking in charge by the Carrier of the Goods and herein
described. However, proof to the contrary shall not be
admissible when this Bill of Lading has been negotiated or
transferred for valuable consideration to a third party
acting in good faith.

5. CERTAIN RIGHTS AND IMMUNITIES FOR THE CARRIER AND OTHER
PERSONS
   (1) The Carrier shall be entitled to sub-contract on any
terms the whole or any part of the Carriage.
   (2) The Merchant undertakes that no claim or allegation
shall be made against any person or vessel whatsoever,
other than the Carrier, including, but non limited to, the
Carrier's servants or agents, any independent contractor
and his servants or agents, and all others by whom the
whole or any part of the Carriage, whether directly or
indirectly, is procured, performed or undertaken, which
imposes or attempts to impose upon any such person or
vessel any liability whatsoever in connection with the
Goods or the Carriage; and if any claim or allegation
should nevertheless be made to defend, indemnify and hold
harmless the Carrier against all consequences thereof.
Without prejudice to the foregoing every such person and
vessel shall have the benefit of all provisions herein
benefiting the Carrier as if such provisions were expressly
for his benefit and in entering into this contract the
Carrier, to the extent of these provisions, does so not
only on his own behalf but also as agent or trustee for
such persons and vessels and such persons and vessels shall
to this extent be or be deemed to be parties to this
contract.
   (3) The Merchant shall defend, indemnify and hold
harmless the Carrier against any claim or liability (and
any expense arising therefrom) arising, from the Carriage
of Goods insofar as such claim or liability exceeds the
Carrier's liability under this Bill of Lading.
   (4) The defencses and limits of liability provided for in
this Bill of Lading shall apply in any action against the
Carrier whether the action be found in Contract or in Tort.

6. CARRIER'S RESPONSIBILITY
(1) CLAUSE PARAMOUNT
   (A) Subject to clause 13 below, this Bill of Lading
insofar as it relates to sea carriage by any vessel whether
named herein or not shall have effect subject to the Hague
Rules or any legislation making such Rules or the
Hague-Visby Rules compulsorily applicable (such as COGSA or
COGWA) to this Bill of Lading and the provisions of the
Hague Rules or applicable legislation shall be deemed
incorporated herein.  The Hague Rules (or COGSA or COGWA if
this Bill of Lading is subject to U.S. or Canadian law
respectively) shall apply to the carriage of Goods by
inland waterways and reference to carriage be sea in such
Rules or legislation shall be deemed to include reference
to inland waterways.  If and to the extent that the
provisions of the Harter Act of the United States of
America 1893 would otherwise be compulsorily applicable to
regulate the Carrier's responsibility for the Goods during
any period prior to loading on or after discharge from the
vessel the Carrier's responsibility shall instead be
determined by the provisions of 6(3) below, but if such
provisions are found to be invalid such responsibility
shall be subject to COGSA.
   (B) The Carrier shall be entitled to (and nothing in
this Bill of Lading shall operate to deprive or limit such
entitlement) the full benefit of, and rights to, all
limitations and exclusions of liability and all rights
conferred or authorized by andy applicable law, statute or
regulation of any country (including, but not limited to,
where applicable any provisions of sections 4281 to 4287,
inclusive, of the Revised Statutes of the United States of
America and amendments thereto and where applicable any
provisions of the laws of the United States of America) and
without prejudice to the generality of the foregoing also
any law, statue or regulation available to the Owner of the
vessel(s) on which the Goods are carried.
(2) PORT TO PORT SHIPMENT
   The responsibility of the Carrier is limited to that
part of the Carriage from and during loading onto the
vessel up to and during discharge from the vessel and the
Carrier shall not be liable for any loss damage whatsoever
in respect of the Goods or for any other matter arising
during any other part of the Carriage even though Charges
for the whole Carriage have been charged by the Carrier.
The Merchant constitutes the Carrier as agent to enter into
contracts on behalf of the Merchant with others for
transport, storage, handling or any other services in
respect of the Goods prior to loading and subsequent to
discharge of the Goods from the vessel without
responsibility for any act or omission whatsoever on the
part of the Carrier or others and the Carrier may as such
agent enter into contracts with others on any terms
whatsoever including terms less favorable than the terms in
this Bill of Lading.
3. COMBINED TRANSPORT
   Save as is otherwise provided in this Bill of Lading,
the Carrier shall be liable for loss of or damage to the
Goods occurring form the time that the Goods are taken into
his charge until the time of delivery to the extent set
out below;
   (A) Where the stage of Carriage where the loss or damage
occurred canon be proved;
     (i)    The Carrier shall be entitled to rely upon all
exclusions of liability under the Rules or legislation that
would have applied under 6(1)(A) above had the loss or
damage occurred at sea or, if there was no carriage by sea,
under the Hague Rules (or COGSA or COGWA if this Bill of
Lading is subject to U.S. or Canadian law respectively).
     (ii)   Where under (i) above, the Carrier is no liable
in respect of some of the factors causing the loss or
damage, he shall only he liable to the extent that those
factors for which he is liable have contributed to the loss
or damage.
     (iii)  The value of the Goods shall be determined
according to he commodity exchange price at the time and
place of delivery to the Merchant or at the place and time
when the should have been so delivered or if there is no
such price according to the normal value of Goods of the
same kind and quality at such place and time.
   (B) Where the stage of Carriage where the loss or damage
occurred can be proved;
     (i)    The liability of the Carrier shall be
determined by the provisions contained in any international
convention or national law of the country which provisions;
            (a) cannot be departed from by private contract
                to the detriment of the Merchant, and
            (b) would have applied if the Merchant had made
separate and direct contract with the Carrier in respect of
the particular stage of Carriage where the loss or damage
occurred and had received as evidence thereof any
particular document which must be issued in order to make
such international convention or national law applicable;
     (ii)   with respect to the transportation in the
United States of America or in Canada to the Port of Lading
or from the Port of Discharge, the responsibility of the
Carrier shall be to procure transportation by carriers (one
or more) and such transportation shall be subject to the
inland carriers' contracts of carriages of carriage and
tariffs and any law compulsorily applicable.
The Carrier guarantees the fulfillemnt of such inland
inland carriers' obligations under their contracts and
tariffs;
     (iii) where neither (i) or (ii) above apply, any
liability of the Carrier shall be determined by 6(3)(A)
above.

(4) GENERAL PROVISIONS
(A) DELAY, CONSEQUENTIAL LOSS
   Save as otherwise provided herein, the Carrier shall in
no circumstances be liable for direct, indirect or
consequential loss or damage caused by delay or any other
cause whatsoever and howsoever caused.  Without prejudice
to the foregoing, if the Carrier is found liable for delay,
liability shall be limited to the freight applicable to the
relevant stage of the transport.
(B) PACKAGE OR SHIPPING UNIT LIMITATION
   Where the Hague Rules or any legislation making such
Rules compulsorily applicable (such as COGSA or COGWA) to
this Bill of Lading apply, the Carrier shall not, unless a
declared value has been noted in accordance with (C) below,
be or become liable for any loss or damage to or in
connection with the Goods in an amount per package or
shipping unit in excess of the package of the package or
shipping unit limitation as laid down by such Rules or
legislation.  Such limitation amount according to COGWA is
Can $500.  If no limitation amount is applicable under such
Rules or legislation, the limitation shall be US$500.
(C) AD VALOREM: DECLARED VALUE OF PACKAGE OR SHIPPING UNIT
   The Carrier's liability may be increased to a higher
value by a declaration in writing of the value of the Goods
by the shipper upon delivery to the Carrier of the Goods
for shipment, such higher value being inserted on the front
of this Bill of Lading in the space provided and, if
required by the Carrier, extra freight paid.  In such case,
if the actual value of the Goods shall exceed such declared
value, the value shall nevertheless be deemed to be the
declared value and the Carrier's liability if any, shall
not exceed the declared value and any partial loss or
damage shall be adjusted pro rata on the basis of such
declared value.
(D) DEFINITION OF PACKAGE OR SHIPPING UNIT
   Where a Container is used to consolidated Goods and such
Container is stuffed by the Carrier, the number of packages
or shipping units stated on the face of this Bill of Lading
in the box provided shall be deemed the number of packages
or shipping units for the purpose of any limit of liability
per package or shipping unit provided in any international
convention or national law relating to the carriage of
Goods by sea. Except as aforesaid the Container shall be
considered the package or shipping unit.
   The world "shipping unit" shall mean each physical unit
or piece of cargo not shipped in a package, including
articles and things of any description whatsoever, except
Goods shipped in bulk, and irrespective of the weight or
measurement unit employed in calculating freight charges.
As to Goods shipped in bulk, the limitation applicable
thereto shall be the limitation provided in such convention
or law which may be applicable, and in no event shall
anything herein be construed to be a waiver of limitation
as to Goods shipped in bulk.
(E) RUST, ETC
   It is agreed that superficial rust, oxidation or any
like condition due to moisture, is not a condition of
damage but is inherent to the nature of the Goods and
acknowledgement of receipt of the Goods in apparent good
order and condition is not a representation that such
conditions of rust, oxidation or the like did not exist on
receipt.
(F) NOTICE OF LOSS OR DAMAGE
   The Carrier shall be deemed prima face to have delivered
the Goods as described in this Bill of Lading unless notice
of loss of, or damage to, the Goods indicating the general
nature of such loss or damage, shall have been give in
writing tot he Carrier or to his representative at the
place of delivery before or at the time of removal of the
Goods into the custody of the person entitled to delivery
thereof under this Bill of Lading or, if the loss or damage
is not apparent within three consecutive days thareafter.
(G) TIME-BAR
   The Carrier shall be discharged of all liability unless
suit is brought in proper forum and written notice thereof
received by the Carrier within twelve months after
delivery of the Goods or the date when the Goods should
have been delivered in the event that such time period
shall be found contrary to ant convention or law
compulsorily applicable, the period prescribed by such
convention or law shall then apply but in that,
circumstance only.

7. MERCHANT'S RESPONSIBILITY
   (1) The description and particulars of the goods set out
on the face hereof are furnished by the Merchant and the
Merchant warrants tot he Carrier that the description and
particulars including, but not limited to, of weight,
content, measure, quantity, quality, condition, marks,
numbers and value are correct.
   (2) The Merchant shall comply with all applicable laws,
regulations and requirements of customs, port and other
authorities and shall bear and pay all duties, taxes,
fines, imposts, expenses and losses incurred or suffered by
reason thereof or by reason of any illegal, incorrect or
insufficient marking, numbering, or addressing of the
Goods.
   (3) The Merchant undertakes that the Goods are packed in
manner adequate to withstand the ordinary risks of Carriage
having regard to their nature and in compliance with all
laws, regulations and requirements which may be applicable.
   (4) No Goods which are or may become dangerous,
inflammable or damaging or which are or may become liable
to damage any property or person whatsoever shall be
tendered to the Carrier for Carriage without the Carrier's
express consent in writing and without the Container or
other covering in which the Goods are to be transported and
the Goods being distinctly marked on the outside so as to
indicate the nature and character of any such articles and
so as to comply with all applicable laws, regulations and
requirements.  If any such articles are delivered to the
Carrier without such written consent and marking or if in
the opinion of the Carrier the articles are or are liable
to becom dangerous, inflammable or damaging nature, the
same may at any time be destroyed, disposed of, abandoned,
or rendered harmless without compensation to the Merchant
and without prejudice tot he Carrier's right to Charges.
   (5) The Merchant shall be liable for the loss, damage,
contamination, soiling, detention or demurrage before,
during and after the Carriage of property (including, but
not limited to, Containers) of the Carrier or any person or
vessel (other than the Merchant) referred to in 5(2) above
caused by the Merchant or any person acting on his behalf
or for which the Merchant is otherwise responsible.
   (6) The Merchant shall defend; indemnify and hold
harmless the Carrier against any loss, damage, claim
liability or expense whatsoever arising form any breach of
the provisions of this clause in connection with the Goods
for which the Carrier is not responsible.

8. CONTAINERS
   (1) Goods may be stuffed by the Carrier in or on
Containers and Goods may be stuffed with other Goods.
   (2) The terms of this Bill of Lading shall govern the
responsibility of the Carrier in connection with or arising
out of the supply of a Container to the Merchant, whether
supplied before or after the Goods are received by the
Carrier or delivered to the Merchant.
   (3) If a Container has been stuffed by or on behalf of
the Merchant.
    (A) the Carrier shall not be liable for loss of or
damage tot he Goods.
    (i)    caused by the manner in which the Container has
been stuffed,
    (ii)   caused by the unsuitability of the Goods for
carriage in Containers,
    (iii)  caused by the unsuitability or defective
condition of the Container provided that where the
Container has been supplied by or on behalf of the Carrier,
this paragraph (iii) shall only apply if the unsuitabiliy
or defective condition arose
           (a) without any want of due diligence on the
part of the Carrier or
           (b) would have been apparent upon reasonable
inspection by the Merchant at or prior to the time when the
Container was stuffed;
    (iv)   if the Container is not sealed at the
commencement of the Carriage except where the Carrier has
agreed to seal the Container.
    (B) the Merchant shall defend, indemnify and hold
harmless the Carrier against any loss, damage, claim,
liability or expense whatsoever arising form one or more of
the matters covered by (A) Where the Carrier is instructed
to provide a Container, in the absence of a written request
to the contrary, the Carrier is not under an obligation to
provide a Container of any particular type or quality

9. TEMPERATURE CONTROLLED CARGO
   (1) The Merchant undertakes not to tender for
transportation any Goods which require temperature control
without previously giving written notice (and filling in
the box on the front of this Bill of Lading if this Bill of
Lading has been prepared by the Merchant or a person acting
on his behalf) oftheir nature and particular temperature
range to be maintained and in the case of a temperature
controlled Container stuffed by or on behalf of the
Merchant further undertakes that the Container has been
properly pre-cooled, that the Goods have been properly
stuffed in the Container and that its thermostatic controls
have been properly set by the Merchant before receipt of
the Goods by the Carrier.
   If the above requirements are not complied with the
Carrier shall not be liable for any loss of or damage to
the Goods caused by such non-compliance.
   (2) The Carrier shall not be liable for any loss of or
damage to the Goods arising form defects, derangement,
breakdown, stoppage of; the temperature controlling
machinery, plant, insulation or any apparatus of the
Container, provided that the Carrier shall before or at the
beginning of the Carriage exercise due diligence to
maintain the refrigerated Container in an efficient state.
10. INSPECTION OF GOODS
   The Carrier or any person authorized by the Carrier
shall be entitled, but under no obligation, to open any
Container or package at any time and to inspect the Goods.

11. MATTERS AFFECTING PERFORMANCE
   (1) if at any time the Carriage is likely to be affected
by any hinderance, risk, delay, difficulty or disadvantage
of any kind (including the condition of the Goods),
whensoever and howsoever arising(whether or not the Carriage
has commenced) the Carrier may;
     (A) without notice to the Merchant abandon the Carriage
of the Goods and where reasonably possible place the Goods
or any part of them at the at the Merchant's disposal at
any place which the Carrier may deem, safe and convenient,
whereupon the responsibility of the Carrier in respect
of such Goods shall cease;
     (B) without prejudice tot he Carrier's right
subsequeritly to abandon the Carriage under (A) above,
continue the Carriage.
In any event the Carrier shall be entitled to full Charges
on Goods received for Carriage and the Merchant shall pay
any additional costs resulting form the above mentioned
circumstances.
   (2) The liability of the Carrier in respect of the Goods
shall cease on the delivery or other disposition of the
Goods in accordance with the orders or recommendations given
by any government or authority or any person acting or
purporting to at as or on behalf ofsuch government or
authority.

12. METHODS AND ROUTE OF TRANSPORTATION
   (1) The carrier may at any time and without notice to
       the Merchant;
   use any means of transport or storage whatsoever; load or
carry the Goods on any vessel whether named on the front
hereof or not; transfer the Goods form one conveyance to
another including transshipping or carrying the same on
another vessel than that named on the front hereof or by
any other means or on a Container and forward the same in
any manner whatsoever; proceed at any speed and 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 whastoever once or more often and in any
order; load or unload the Goods from any conveyance at any
place (whether or not the place is a port named on the
front hereof as the intended Port of Lading or intended
port of Discharge); comply with any orders or
recommendations given by any government or authority or any
person or body acting or purporting to act as or on behalf
of such government or authority or having under the terms
of the insurance on the conveyance employed by the Carrier
the Right give orders or directions; permit the vessel
to proceed with or without pilots, to tow or be towed or to
be dry-docked; permit the vessel to carry livestock, Goods
of all kinds, dangerous, or otherwise, contraband,
explosive, munitions or warlike stores and sail armed or
unarmed.
   (2) The liberties set out in (1) above may be invoked by
the Carrier for any purposes whatsoever whether or not
connected with the Carrieag of the Goods.
Anything done in accordance with (1) above or any delay
arising therefrom shall be deemed to be within the
contractual Carrige and shall not be a diviation of
whatsoever nature or degree.

13. DECK CARGO (AND LIVESTOCK)
   (1) Goods of any description whether containerized or
not may be stowed on or under deck without notice to the
Merchant and such stowage shall not ba a deviation of
whatsoever nature of degree.  Subject to (2) below, such
Goods whether carried on deck or under deck shall
participate in General Average and such Goods (other than
livestock) shall be deemed to be within the definition of
Goods for the purposes of the Hague Rules or any
legislation making such Rules or the Hague-Visby Rules
compulsorily applicable (such as COGSA or COGWA) to this
Bill of Laidng.
   (2) Goods (not being Goods stuffed in or on Containers
other than open flats or pallets) which are stated on the
front of this Bill of Lading to be carried on deck and
which are so carried (and livestock, whether or not carried
on deck) are carried without responsibility on the part of
the Carrier for loss or damage of whatsoever nature arising
during carriage by sea or inland waterway whether caused by
unseaworthiness or negligence or any other cause whatsoever.
The Merchant shall defend, indemnify and hold harmless the
Carrier against all and any extra cost incurred for any
reason whatsoever in connection with carriage or such
livestock.

14. DELIVERY OF GOODS
   If delivery of the Goods or any part thereof is not taken
by the Merchant at the time and place when the where the
Carrier is entitled to call upon the Merchant to take
delivery thereof, the Carrier shall be entitled without
notice to remove form a Container the Goods or that part
therof is stuffed in or on a Container and to store the
Goods or the part therof ashore, afloat, in the open or
under cover at the sole risk and expense of the Merchant.
Such storage shall constitute due delivery hereunder, and
thereupon the liability of the Carrier in respect of the
Goods or that part there of shall cease.
15. BOTH-TO-BLAME COLLISION
  If the vessel on which the Goods are carried (the carrying
vessel) comes into collision with any other vessel or
object (the non-carrying vessel or object) as a result of
the negligence of the non-carrying vessel or object or the
owner of, charterer of or person responsible for the
non-carrying vessel or object, the Merchant undertakes to
defend, indemnify and hold harmless the Carrier against all
claims by or liability to (and any expense arising
therefrom) any vessel or person in respect of any loss of,
or damage to, or any claim whatsoever of the Merchant paid
or payable to the Merchant by the non-carring vessel or
object or the owner of, chartere of or person responsible
for the non-carrying vessel or object and set-off, recouped
or recovered by such vessel, object or person(s) against
the Carrier, the carrying vessel or her owners or
charterer.

16. GENERAL AVERAGE
   (1) The Carrier may declare General Average which shall
be adjustable according to the York/Antwerp Rules of 1974 at
any place at the option of the Carrier and the Amended
Jason Clause as approved by BIMCO is to be as may be
required by the Carrier in this connection.
   (2) Notwithstanding (1) above, the Merchant shall
defend, indemnify and hold harmless the Carrier in respect
of any claim (and any expense arising therefrom) of a
General Average nature which may be made on the Carrier and
shall provide such security as may be required by the
Carrier in this connection.
   (3) The Carrier shall be under no obligation to take any
steps whatsoever to collect security for General Average
contributions due to the Merchant.

17. CHARGES
   (1) Charges shall be deemed fully earned on receipt of
the Goods by the Carrier and shall be paid and
non-returnable in any event.
   (2) The Charge have been calculated on the basis of
particulars furnished by or on behalf of the Merchant.  The
Carrier shall be entitled to production of the commercial
invoice for the Goods or true copy thereof and to inspect,
reweigh, remeasure and revalue the Goods and if the
particulars are found by the Carrier to be incorrect the
Merchant shall pay the Carrier the correct Charges (credit
being give for the Charges charged) and the costs incurred
by the Carrier in establishing the correct particulars.
   (3) All Charges shall be paid without any set-off,
counter-claim, deduction or stay of execution.
18. LIEN
   The Carrier shall have a lien on the Goods and any
documents relating thereto for all sums whatsoever due at
any time to the Carrier form the Merchant and for General
Average contributions to whomsoever due and for the costs
of recovering the same and the Carrier shall have the right
to sell the Goods and documents by public auction or
private treaty, without notice to the Merchant and at the
Merchant's expense and without any liability towards the
Merchant.

19. VARIATION OF THE CONTRACT
   No servant or agent of the Carrier shall have power to
waive or vary any of the terms hereof unless such waiver or
variation is in writing and is specifically authorized or
ratified in writing by a director or officer of the Carrier
who has the actual authority of the Carrier so to waive or
vary.

20. PARTIAL INVALIDITY
   If any provision in thsi Bill of Lading is held to tbe
invalid or unenforceable by any court or regulatory or self
regulatory agency or body, such invalidity or
unenforceability shall attach only to such provision.  The
validity of the remaining provisions shall not be affected
thereby and this Bill of Lading contract shall be carried
out as if such invalid or unenforceable provision were not
contained herein.

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