Effective	12APR2011
Filed	12APR2011
Filing Codes	I

All cargo transported under the rates, charges, terms and
conditions named in this Tariff shall be held, carried and
delivered SBJ to the provisions of Carrier's applicable
Long Form B\L, the terms and conditions of which are shown
below.
     
a. When issued, all B/Ls MUST show the name and address of
   both the Shipper/Consignor and the Consignee; the total
   weight and total measurement of each piece, package or
   unit of cargo in the shipment, except in the case of FCL
   shipments, only the total shipment weight and
   measurement must be shown; and on shipments consigned
   "TO ORDER," the name and address of the party to be
   notified MUST also appear.
     
b. Shippers/Consignors requiring that the Original B/L,
   properly endorsed, be surrendered to the Carrier before
   delivery is accomplished, MUST secure an ORDER B/L.
     
c. The Terms and Conditions of Carrier's regular long form 
   B/L are as follows:
     
BILL OF LADING
          
Front Side
          
IN ACCEPTANCE THIS BILL OF LADING, the shipper, owner, and
consignee of the goods, and the holder of this Bill of Lading,
expressly accept and agree to all its stipulations and
conditions, whether written, stamped or printed, as fully as if
signed by such shipper, owner, consignee and/or holder. No agent
is authorized to waive any of the provisions of the within
clauses.
          
Received from the shipper herein named the goods or packages in
apparent good order and condition unless otherwise indicated in
this bill of lading.  This bill of lading is a receipt only for
the number of packages shown herein.  Weight measurements, marks
and numbers, quality, quantity, contents and value shown above
are furnished by the Merchant and have not been checked and are
to be considered unknown unless expressly acknowledged and
agreed.  The signing of this bill of lading is not considered as
such acknowledgement or agreement.  
          
Full freight and charge are payable as per agreement, but always
deemed earned latest on signing of the bill of lading, without
discount of refund, ship and/or goods lost or not.
          
THE TERM "APPARENT GOOD ORDER AND CONDITIONS" WHEN USED IN THIS
BILL OF LADING WITH REFERENCE TO IRON, STEEL, METAL PRODUCTS OR
WOOD PRODUCTS DOES NOT MEAN THAT THE GOODS, WHEN RECEIVED, WERE
FREE OF VISIBLE RUST, MOISTURE, STAINING, CHAFFING OR BREAKAGE. 
IF THE SHIPPER SO REQUESTS, A SUBSTITUTE BILL OF LADING WILL BE
ISSUED OMITTING THE ABOVE DEFINITION AND SETTING FORTH ANY
NOTATIONS AS TO RUST: MOISTURE, STAINING, CHAFFING OR BREAKAGE
WHICH MAY APPEAR ON THE MATE'S RECEIPTS OR TALLY CLERK'S
RECEIPTS.
          
IN WITNESS WHEREOF, the Master or agent of the said ship has
signed the number of original Bill(s) of Lading stated below,
all of this tenor and date, ONE of which being accomplished, the
others to stand void.
          
[PACKAGE LIMITATION CLAUSE]
          
Section 4.(5) of U.S. Carriage of Goods by Sea Act-1936: Neither
the carrier nor the ship shall in any event be or become liable
for any loss or damage to or in connection with the
transportation of goods in an amount exceeding $500 per package
lawful money of the United States, or in case of goods not
shipped in packages, per customary freight unit, or the
equivalent of that sum in other currency, unless the nature of
such goods have been declared by the shipper before shipment and
inserted in the Bill of Lading and additional freight has been
paid as required.  This declaration, if embodied in the Bill of
Lading, shall be prima facie evidence, but shall not be
conclusive on the carrier.  THIS CLAUSE SHALL APPLY ONLY TO
GOODS MOVING TO OR FROM PORTS OF UNITED STATES.
          
[ON DECK CARGO CLAUSE]
          
General cargo and/or container cargo is carried on deck on a
general cargo vessel at shipper's risk and liability for loss or
damage whatsoever caused.  This clause shall be without
prejudice to the clause paramount.
          
LADEN ON BOARD in apparent good order and condition unless
otherwise stated.
          
Reverse Side
          
Received by the Carrier from the Merchant in apparent good order
and condition unless otherwise indicated, the Goods to be
carried subject to all the terms on the face and back of this
Bill of Lading, from the place of receipt or the port of loading
to the port of discharge or place of delivery, there to be
delivered. If required by the Carrier, this Bill of Lading duly
endorsed must be surrendered in exchange for the Goods or
delivery order.
          
1. DEFINITIONS
          
When used in this Bill of Lading:
(A) "Carrier" means Hyundai Glovis Co., Ltd.  It is understood and
agreed that if the Bill of Lading was executed by a company or agent
other than Carrier, such company or agent shall not be under any
responsibility arising out of the contract of carriage as
carrier or bailee of the Goods, irrespective of any contrary
provisions in governing law.
(B) "Port-to-Port Transportation" means carriage of the Goods
under this Bill of Lading other than Intermodal Transportation.
(C) "Intermodal Transportation" means carriage of the Goods
under this Bill of Lading from a place of receipt other than the
port of loading and/or to a place of delivery other than the
port of discharge.
(D) "Merchant" includes the shipper, consignor, consignee,
owner, and receiver of the Goods, and the holder of this Bill of
Lading, all of whom shall be jointly and severally liable to the
Carrier for the payment of all freight, demurrage, damages for
detention and for the performance of the obligations of any of
them under this Bill of Lading.
(E) "Goods" means the cargo described on the face of this Bill
of Lading and, if the cargo is in containers supplied or
furnished by or on behalf of the Merchant, includes the
containers as well.
(F) "Vessel" includes the vessel identified on the face of this
Bill of Lading and any ship, barge, feeder vessel or other means
of transport that is substituted, in whole or in part, for that
vessel.
(G) "Package" includes containers, vans, trailers, pallets,
vehicles, and similar packaged units of any description, but not
Goods shipped in bulk.
          
2. CLAUSE PARAMOUNT
          
(A) The International Convention for the Unification of Certain
Rules relating to Bills of Lading, dated Brussels the 25 August
1924 ("Hague Rules") as enacted in the country of shipment shall
apply to this contract. When no such enactment is in force in
the country of shipment, the corresponding legislation of the
country of destination shall apply but, in respect of shipments
to which no such enactment is compulsorily applicable, the terms
of the said convention shall apply. In trades where the
international Brussels Convention 1924 as amended by the
protocol signed at Brussels on February 23rd 1968-the Hague
Visby rules-apply compulsorily, the provisions of the respective
legislation shall be considered incorporated in this Bill of
Lading.
(B) If this Bill of Lading covers Goods moving to/from ports of
the United States in foreign trade, or if United States law is
otherwise compulsorily applicable, then carriage of such Goods
shall be subject to the provisions of the United States Carriage
of Goods by Sea Act, 1936, 46 U.S.C. sec. 30701 note
(hereinafter "U.S.COGSA"), the terms of which shall be
incorporated herein, and the provisions of U.S. COGSA shall
(except as otherwise provided in this Bill of Lading) govern
throughout the time when the Goods are in the custody of the
Carrier.
(C) All the terms provisions and conditions of the Canadian
Water Carriage of Goods Act, 1936, and of the rules comprising
the schedule thereto are, so far as applicable, to govern the
contract contained in this Bill of Lading and the shipowners are
to be entitled to the benefit of all privileges, rights and
immunities contained in such Act and in the schedule thereto as
if the same were herein specifically set out. If anything herein
contained be inconsistent with the said provision, it shall to
the extent of such inconsistency and no further, be null and
void. The carrier shall be under no responsibility whatsoever
for loss of or damage to Goods howsoever and wheresoever
occurring when such loss or damage arises prior to the loading
on and/or subsequent to the discharge from the company's ship.
          
3. LIMITATION OF LIABILITY; DEFENSES
          
(A) Nothing in this Bill of Lading shall limit or deprive the
Carrier of any exemption from liability, limitation of
liability, or statutory protection authorized by the applicable
laws, statutes, or regulations of any country.
(B) The defenses and limits of liability provided in or
incorporated by this Bill of Lading and governing law shall
apply in any action against the Carrier, whether the action is
founded in contract, in tort, or otherwise.
          
4. SUBCONTRACTING; EXEMPTIONS AND IMMUNITIES OF SUBCONTRACTORS
          
(A) "Subcontractor" includes stevedores, longshoremen,
lighterers, terminal operators, warehousemen, truckers, agents,
and any person, corporation, or other legal entity that performs
any of the Carrier's obligations under this Bill of Lading, and
includes the Subcontractor's own Subcontractor.
(B) The Carrier shall be entitled to subcontract on any terms
the whole or any part of the handling, storage, or carriage of
the Goods and any duties undertaken by the Carrier in relation
to the Goods. 
(C) The Merchant warrants that no claim shall be made against
any of the Carrier's Subcontractors or any Subcontractor's
Subcontractor that imposes or attempts to impose upon any of
them or any vessel owned or operated by any of them any
liability in connection with the Goods. If any such claim should
nevertheless be made, the Merchant shall indemnify the Carrier
against all consequences of claims by any Subcontractor against
the Carrier relating to a claim by the Merchant against the
Subcontractor.
(D) Without prejudice to the foregoing, every Subcontractor
shall have the benefit of all provisions in this Bill of Lading
as if such provisions were expressly for the Subcontractor's
benefit.
          
5. CARRIER'S RESPONSIBILITY 
          
(A) Insofar as this Bill of Lading is used for Port-to-Port
Transportation of the Goods: The Carrier shall not be liable for
loss of or damage to the Goods caused before loading or after
discharge of the Goods. Any indication of final destination on
the face of this Bill of Lading is solely for the Merchant's
reference, and the Carrier's responsibility for the Goods shall
begin at the time of receipt of the Goods at the port of loading
and cease at the time of discharge of the Goods at the port of
discharge. The Carrier, in making arrangements for
transportation, storage, or handling before loading or after
discharge, acts only as the Merchant's agent and assumes no
responsibility therefor.  Pre-carriage and on-carriage of the
Goods are at the risk and expense of the Merchant.
(B) Insofar as this Bill of Lading is used for Intermodal
Transportation of the Goods: The Carrier shall not be liable for
loss of or damage to the Goods caused before receipt or after
delivery of the Goods. The Carrier's responsibility for the
Goods shall begin at the time of receipt of the Goods at the
place of receipt and cease at the time of delivery of the Goods
at the place of destination. 
(C)  If the Merchant establishes that the Carrier is liable for
loss of or damage to or in connection with the Goods, then
subject to the provisions of this Bill of Lading, including
Article 21, Carrier's liability shall determined in accordance
with and limited by  U.S. COGSA or the applicable version of the
Hague Rules (as provided in Article 2) and the Carrier shall
have all exemptions from liability, limitations of liability,
and protections provided therein.
(D)  The Carrier does not undertake that the Goods will arrive
at the port of discharge or place of delivery at any particular
time or in time to meet any particular market or use, and the
Carrier shall not be liable for any direct or indirect loss or
damage that is caused through delay.
(E)  Neither the carrier nor the ship shall be responsible for
any loss, damage or delay, directly or indirectly caused by or
arising from strikes, lock-outs, labour disturbances, trade
disputes, or anything done in contemplation of furtherance
thereof whether the owners be parties thereto or not.
          
6. ROUTE OF TRANSPORT; TRANSSHIPMENT; FORWARDING
          
(A) At the Carrier's discrection and without notice to the
Merchant, the Goods may be carried as a single shipment or as
several shipments, by the Vessel named in this Bill of Lading or
by any other means of transport by land, water, or air, whether
or not owned or operated by the Carrier, and by any route,
whether or not such route is the direct, advertised, or
customary route. 
(B) The Carrier may discharge the Goods or any part of them at
any port or place for transshipment, store them afloat or
ashore, and forward them by any means of transport.
(C) If the Goods cannot be found at the port of discharge or
place of delivery, or if they be miscarried, when found they may
be forwarded to their intended port of discharge or place of
delivery, but the Carrier shall not be liable for any loss,
damage, delay, or depreciation arising from such forwarding.
(D) At the Carrier's option, and without notice to the Merchant,
another ship or ships may be substituted for the Vessel named in
this Bill of Lading whether or not the substituted ship is owned
or operated by the Carrier or arrives or departs before or after
the Vessel named in this Bill of Lading.
(E) Actions the Carrier takes under this Article 6 shall be
deemed to be included within the contractual carriage and such
actions, or consequences resulting therefrom, shall not be
considered a deviation. Should the Carrier be held liable in
respect of such action, the Carrier shall be entitled to the
full benefit of all limitations of liability, rights, and
immunities contained in this Bill of Lading.
          
7. LIBERTIES
          
(A) In any situation, whether or not existing or anticipated
before commencement of the transport, which in the judgment of
the Carrier (including but not limited to the Master and any
person charged with the transport or safekeeping of the Goods)
has given or is likely to give rise to danger, injury, loss, or
delay to the Vessel, any person, the Goods, or any property, or
has made or is likely to make it unsafe, impracticable,
unlawful, or against the interest of the Carrier or the Merchant
to commence the transport, to continue the transport, to
discharge the Goods at the port of discharge, or to deliver the
Goods at the place of delivery, the Carrier shall be entitled:
(1) to unpack the containers or otherwise dispose of the Goods
in such manner as the Carrier may consider advisable, at the
risk and expense of the Merchant, and
(2) before the Goods are loaded onto the Vessel or other means
of transport, to cancel the contract of carriage without
compensation and to require the Merchant to take custody of the
Goods and, upon his failure to do so, to store the Goods at a
place selected by the Carrier, at the risk and expense of the
Merchant, and
(3) if the Goods are at a place awaiting transshipment, to
terminate the transport there and to store the Goods at a place
selected by the Carrier, at the risk and expense of the
Merchant, and
(4) if the Goods are on the Vessel or other means of transport,
to discharge the Goods or any part of them at a port or place
selected by the Carrier, or to carry them back to the port of
loading or place of receipt and there discharge them, at the
risk and expense of the Merchant. After any action taken
according to this subpart (A), the Carrier shall be free from
any responsibility for further custody or carriage of the Goods.
(5) If the Goods are on the Vessel or other means of transport,
to deliver them to the destination via  alternate route(s)
and/or mode(s) of transport at the risk and expense of the
Merchant.
(B) If pursuant to subpart (A) above the Carrier makes
arrangements to store, transship, or forward the Goods, it shall
do so only as agent for and at the risk and expense of the
Merchant, without any liability in respect of such agency. The
Merchant shall reimburse the Carrier forthwith upon demand for
all extra freight, charges, and expenses incurred for any
actions taken according to subpart (A), including delay or
expense to the Vessel, and the Carrier shall have a lien upon
the Goods to that extent.
(C) The situations referred to in subpart (A) above shall
include, but shall not be limited to, those caused by the
existence or apprehension of war, hostilities, riots, civil
commotions, or other disturbances; closure of, obstacle in, or
danger to any port or seaway; blockage, prohibition, or
restriction on commerce or trading; quarantine, sanitary, or
other similar regulations or restricitions; strikes, lockouts,
or other labor troubles whether partial or general and whether
or not involving employees of the Carrier or its Subcontractors;
congestion of port, sea terminal, or similar place; 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, landslip, or other
obstacles to navigation or carriage.
(D) The Vessel shall have liberty to call at any port or place,
whether in or out of the direct advertised, or customary route,
once or more often and in any order, and to omit calling at any
port or place, whether scheduled or not.
(E) The Vessel shall have liberty, either with or without the
Goods on board and either before or after proceeding toward the
port of discharge, to adjust compasses and other navigational
instruments, make trial trips or tests, drydock whether laden or
not, go to repair yards, shift berths, take on fuel or stores at
any port, embark or disembark any person, carry contraband,
explosives, munitions, and hazardous cargo, sail without pilots,
tow or be towed, and save or attempt to save life or property.
(F) The Carrier, in addition to all other liberties provided for
in Article 7, shall have liberty to comply with orders,
directions, regulations, or suggestions as to navigation or the
carriage or handling of the Goods or the Vessel, given by any
actual or purported government or public authority, or by any
committee or person having under the terms of any insurance on
the Vessel the right to give such order, direction, regulation,
or suggestion.
(G) Actions the Carrier takes under Article 7 shall be deemed to
be included within the contractual carriage and such actions, or
consequences resulting therefrom, shall not be considered a
deviation. Should the Carrier be held liable in respect of such
action, the Carrier shall be entitled to the full benefit of all
limitations of liability, rights, and immunities contained in
this Bill of Lading.
          
8. DESCRIPTION OF PARTICULARS OF GOODS
          
Any description on the face of this Bill of Lading of marks,
quality, quantity, weight, measure, nature, value, or any other
particulars of the Goods is as furnished by the Merchant. The
Carrier shall not be responsible for the accuracy of any such
description and is not bound thereby. The Merchant warrants to
the Carrier that the descriptions of particulars that he
furnishes are correct, and the Merchant shall indemnify the
Carrier against all loss, damage, expenses, liability, or
penalties resulting from inaccuracy of any description of
particulars.
          
9. DANGEROUS GOODS, CONTRABAND AND ANTI-DRUG
          
(A) The Carrier will carry Goods of an explosive, inflammable,
radioactive, corrosive, damaging, poisonous, or dangerous nature
only upon the Carrier's approval of a written application by the
Merchant prior to the carriage of such Goods. Such application
must accurately state the name, nature, and classification of
the Goods, as well as how they are dangerous and the method of
rendering them innocuous, together with the full names and
addresses of the shipper and the consignee.
(B) The Merchant shall distinctly and permanently mark the
nature and danger of such Goods on the outside of the package or
container containing the Goods.
(C) The Merchant shall submit all documents or certificates in
connection with such Goods required by any applicable statute or
regulation, or by the Carrier.
(D) Whenever it is discovered that the Goods have been received
by the Carrier without compliance with subparts (A), (B) or (C)
above, or the Goods are found to be contraband or prohibited by
any law or regulation, the Carrier shall be entitled to have
such Goods rendered innocuous, thrown overboard, discharged, or
otherwise disposed of, at the Carrier's discretion and without
compensation to the Merchant, and the Merchant shall be liable
for and shall indemnify the Carrier against any loss, damage, or
liability including loss of freight, and any other expense
directly or indirectly arising out of the custody or carriage of
such Goods.
(E) The Carrier may exercise the rights conferred upon it under
subpart (D) whenever Goods received in compliance with subparts
(A), (B), and (C) above have become dangerous, even if not
dangerous when received by the Carrier.
(F) The Carrier shall not be liable for, and the Merchant shall
indemnify, defend and hold the Carrier harmless from, any death
of or injuries to persons or loss of or damage to the Vessel,
cargo or other property which may arise from the dangerous
nature of the Goods. 
(G) In pursuance of the provisions of the U.S.Anti Drug Abuse
Act 1986, or any re-enactment thereof, the Carrier warrants that
it will exercise the highest degree of care and diligence in
preventing unmanifested narcotic drugs and marijuana being
loaded or concealed on board the Vessel. The Merchant shall
remain responsible for and indemnify the Carrier against all
time lost and all expenses incurred, including fines, in the
event that unmanifested narcotic drugs and marijuana are found
in the possession or effects of cargo or package.
          
10. STOWAGE UNDER AND ON DECK
          
(A) Goods stowed in poop, forecastle, deck house, shelter deck,
passenger space, or any other covered-in space, or stowed in a
container wherever placed, shall be deemed to be stowed under
deck for all purposes including general average. 
(B) Lumber, earth moving equipment, and all other Goods
customarily or reasonably carried on deck may at the Carrier's
option be carried on deck without notice to the Merchant and
without liability of the Carrier for the risks inherent in or
incident to such carriage.  When such Goods are carried on deck
the Carrier shall not be required to mark any statement of "on
deck stowage" on the face of this Bill of Lading, any custom to
the contrary notwithstanding. Such on deck carriage shall not be
considered a deviation.
(C) In respect of Goods carried on deck and stated on this Bill
of Lading to be so carried, all risks of loss or damage from
perils inherent in or incident to the custody or carriage of
such Goods on deck shall be borne by the Merchant, and in all
other respects the Carrier shall have the benefit of the
provisions of the applicable version of the Hague Rules
(including U.S. COGSA, notwithstanding Section 1(c) thereof) and
of the terms of this Bill of Lading.
          
11. LIVE ANIMALS AND PLANTS
          
With respect to the custody and carriage of live animals and
plants, all risks of loss or damage from perils inherent in or
incident to such carriage shall be borne by the Merchant, and in
all other respects the Carrier shall have the benefit of the
provisions of the applicable version of the Hague Rules
(including U.S. COGSA, notwithstanding Section 1 (c) thereof)
and the terms of this Bill of Lading.
          
12. VALUABLE GOODS
          
The Carrier shall not be liable for loss of or damage to or in
connection with precious metals or stones, chemicals, jewelry,
currency, writings, negotiable instruments, securities,
documents, works of art, heirlooms, or any other valuable Goods,
including Goods having particular value only for the Merchant,
unless the Merchant has declared the nature and value of the
Goods in writing before receipt of the Goods by the Carrier, the
nature and value of the Goods have been inserted on the face of
this Bill of Lading, and additional freight has been paid as
required.
          
13. HEAVY LIFT
          
(A) The weight of a single piece or package exceeding 2,240 lbs.
gross 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.
(B) If the Merchant fails in his obligations under subpart (A):
(1) the Carrier shall not be responsible for any loss of or
damage to or in connection with the Goods, (2) the Merchant
shall be liable for resulting loss of or damage to any person or
property, and (3) the Merchant shall indemnify the Carrier
against any resulting loss, damage, or liability suffered by the
Carrier.
          
14. DELIVERY BY MARKS
          
(A) The Carrier shall not be liable for failure to deliver in
accordance with marks unless such marks clearly and durably show
upon the Goods, package, or container when the Goods are
received by the Carrier, together with the names of the port of
discharge and place of delivery.
(B) The Merchant warrants that the marks on the Goods, packages,
and containers correspond to the marks shown on this Bill of
Lading and also in all respects comply with all laws and
regulations in force at the port of discharge or place of
delivery. The Merchant shall indemnify the Carrier against all
loss, damage or expenses resulting from inaccuracy or
incompleteness of the marks. 
(C) Goods that cannot be identified as to marks or numbers,
cargo sweepings, liquid residue, and any unclaimed Goods not
otherwise accounted for may be allocated for the purpose of
completing delivery to the various Merchant of Goods of like
character in proportion to any apparent shortage, loss of
weight, or damage.
          
15. DELIVERY
          
(A) Loading shall take place as fast as the Vessel is able to
load, by day and-if required by the Carrier-also by night,
Sundays and holidays. If Goods contracted for shipment are not
available when the Vessel is ready to load, the Carrier is
relieved of any obligation to load such Goods, and the Vessel
may leave the port without further notice and deadfreight is to
be paid. The Carrier is entitled to land and receive the Goods
or to appoint a person or a corporation for the landing and
reception of the Goods. Whether appointed by the Carrier or not,
anybody so acting is the Merchant's representative and the
Merchant shall pay current charges whether delivery is taken
overside or on quay. The Merchant must be ready to take delivery
of the Goods as soon as the Vessel is ready to deliver as fast
as she is able to discharge, by day and-if required by the
Carrier-also by night, Sundays and holidays. If the Goods are
not taken by the Merchant at the time when the Vessel is
entitled to call upon him to take delivery, or if they are not
removed alongside the Vessel without delay, the Carrier shall be
at liberty at the sole risk and expense of the Merchant to enter
the Goods, to move them, to land them on to wharf, quay or into
warehouse or to discharge them into craft, bulk, lighters, pack
or unpack the container and/or sell them with or without legal
authority, and the contract of carriage shall be considered as
fulfilled.
(B) The Carrier may at its discretion deliver the Goods at any
time at the Vessel's side or at a customshouse, warehouse,
wharf, or any other place at the port of discharge or place of
delivery shown on the face of this Bill of Lading.
(C) Delivery shall take place upon discharge.
(D) Delivery may be to the Merchant including his own bonded
warehouses, to the Customs or other public authority, and the
Carrier shall have no further responsibility for the Goods.
(E) If the Carrier for its convenience has packed the Goods into
a container, the Carrier shall not be required to deliver the
Goods in the container. At the Carrier's discretion, and subject
to prior arrangement between the Merchant and the Carrier, the
Goods may be delivered to the Merchant in the container, in
which case if the container is delivered with its seal intact
the Carrier's obligations under this Bill of Lading shall be
discharged, and the Carrier shall not be responsible for any
loss of or damage to the contents of the container. 
(F) The Carrier is not responsible to notify, in writing or
otherwise, the Merchant or others of the arrival, discharge, or
disposition of the Goods, any custom or agreement to the
contrary notwithstanding, and notwithstanding any notation on
the face of this Bill of Lading that there is a notify party.
          
16. FIRE
          
The Carrier shall not be responsible for any loss of or damage
to the Goods arising or resulting from fire, even though before
loading or after discharge from the Vessel and whether founded
in contract or in tort, unless caused recklessly and with
knowledge by the Carrier that such loss would probably result.
          
17. GOVERNMENT ORDERS AND CONTINGENCIES
          
The Carrier shall have liberty to comply with any orders,
directions or recommendations as to loading, departure, arrival,
routes, ports of call, stoppages, discharge, destination,
delivery or otherwise howsoever given by any person acting or
purporting to act with the authority of any government,
international organization or any department thereof, or by any
committee or person having, or purporting to have, under the
terms of the insurance on the Vessel, the right to give such
orders, directions or recommendations. If by reason of or in
compliance with, any such orders, directions or recommendations
the Vessel does not proceed to the port or ports originally
designated, the Vessel may proceed to any other port which the
Carrier or the Master of the Vessel at its discretion may select
and there discharge the Goods. If in the opinion of the Carrier
or the Master the performance of the transport is or threatens
to be unsafe, unlawful or inadvisable by the imminence or
existence of war, warlike operations or hostilities, the
container may be devanned and/or the Goods may be discharged at
the port of loading or at any other port or place at the
Carrier's or Master's discretion. If on account of actual or
threatening epidemics, quarantine, ice, strikes, lock-outs,
labour troubles, interdict, congestion, difficulties in loading
or discharge the Carrier or the Master at any time is in doubt
as to whether the Vessel can safely and without delay or
detention, reach, enter or leave the port of loading or reach or
enter the port of discharge or there discharge in the usual
manner, or proceed thence on the voyage safely or without delay
or detention, the container may be devanned and/or the Goods may
be discharged at the port of loading or at any other port or
place at the Carrier or Master's discretion. In the cases
referred to in all the proceeding paragraphs under this Article,
the Carrier may at any time postpone the carriage of any part of
the Goods contracted for herein till some later date or cancel
in whole or in part the contract whether before or after this
Bill of Lading is issued. The discharge of the Goods and/or
their delivery or other disposition pursuant to any provision of
this Article shall constitute complete delivery and performance
under this contract and the Ocean Carrier shall be freed from
any further responsibility. In the event of any diversion, delay
or detention of the Vessel under such circumstances as provided
in this Article and/or any services rendered to the Goods
hereunder, the Carrier shall be entitled to a reasonable extra
compensation and shall have a lien on the Goods for such
charges.
          
18. LIEN ON GOODS
          
(A) The Carrier shall have a lien on the Goods, which lien shall
survive delivery, for all freight, dead freight, demurrage,
detention, general average contributions, stevedoring charges,
storage, container per diem expenses, and any other sums
(including costs and attorney fees for recovering the sums)
chargeable to the Merchant under this Bill of Lading,  and any
other  contract for custody or carriage of the Goods. The
Carrier may foreclose the lien by selling the Goods, without
notice to the Merchant, privately or by public auction. If
proceeds of the sale of the Goods fail to cover the amount due
and the costs and fees incurred, the Carrier shall be entitled
to recover the deficit from the Merchant.
(B) If the Goods are unclaimed for a reasonable time, or
whenever in the Carrier's opinion the Goods will deteriorate or
depreciate, the Carrier may at its discretion exercise its lien
or sell, abandon, or otherwise dispose of such Goods at the risk
and expense of the Merchant. 
          
19. FREIGHT AND CHARGES
          
(A) Freight may be calculated on the basis of the description of
particulars furnished by the Merchant, who shall be deemed to
have guaranteed to the Carrier the accuracy of the contents,
quantity, weight, measure, value, and other particulars as
furnished at the time of receipt of the Goods by the Carrier,
but the Carrier for the purpose of ascertaining the actual
particulars may open the container or package at any time and at
the risk and expense of the Merchant. In case of incorrect
declaration of any particular, the Merchant shall be liable to
the Carrier for:
(1) the balance of freight between the freight charged and that
which would have been due had the correct particular been given,
plus
(2) expenses incurred in determining the correct particular,
plus
(3) as liquidated and ascertained damages, an additional sum
equal to the correct freight.
(B) Full freight to the place of delivery shall be completely
earned upon receiptof the Goods by Carrier, whether the freight
is stated or intended to be prepaid or to be collected at
destination. The Carrier shall be entitled to all freight and
other charges due hereunder, whether actually paid or not, and
to receive and retain such freight and charges regardless
whether the Vessel or the Goods be lost, or whether the Carrier
takes any of the liberties allowed in this Bill of Lading. Full
freight shall be paid on damaged or unsound Goods.
(C) The payment of freight and charges shall be made in full and
in cash without any offset or deduction.
(D) Goods received by the Carrier cannot be taken away or
disposed of by the Merchant except upon the Carrier's consent
and after payment of full freight and charges due under this
Bill of Lading.
(E) If the Goods are not available when the Vessel is ready to
load, and unless the unavailability is caused by the failure of
the Carrier to perform its obligations under this Bill of
Lading, dead freight shall be paid by the Merchant.
(F) The Merchant shall be liable for and shall indemnify the
Carrier against:
(1) all duties, taxes, consular fees, and other charges levied
on the Goods, and
(2) all fines, damages, and losses sustained by the Carrier in
connection with the Goods, including the Merchant's failure to
comply with laws and regulations of any public authority in
connection with the Goods, or failure to procure consular, board
of health, or other certificates to accompany the Goods. The
Merchant shall be liable for return freight and charges on any
Goods refused exportation or importation by any public
authority.
(G) If in the Carrier's opinion the Goods are in need of
sorting, inspecting, mending, repairing, or reconditioning, or
otherwise require protecting or caring for, the Carrier at its
discretion may, by itself or through Subcontractors, and as
agent for the Merchant, carry out such work at the risk and
expense of the Merchant.
(H) Any party performing forwarding services with respect to the
Goods shall be considered to be the agent of the Merchant
exclusively, and any payment of freight or charges to such party
shall not be considered to be payment to the Carrier.
(I) The Merchant shall be liable for Carrier attorney fees,
expenses and costs to collect any freight or charges under
Clause 19.
(J) The Merchant shall be responsible for any additional war
risks premium arising from the Vessel's call at the named
discharge port herein which additional premium shall constitute
a charge due hereunder against the Goods pursuant to Clause 19.
          
20. NOTICE OF CLAIM AND TIME FOR SUIT AGAINST CARRIER
          
(A) Unless notice of loss of or damage to the Goods and the
general nature of such loss or damage is given in writing to the
Carrier at the port of discharge or place of delivery before or
at the time of delivery of the Goods or, if the loss or damage
is not apparent, within 3 days after delivery, the Goods shall
be deemed to have been delivered as described on the face of
this Bill of Lading.
(B) The Carrier shall be discharged from all liability in
respect of the Goods, including but not limited to liability for
nondelivery, misdelivery, delay, loss, or damage, unless suit is
brought within one year after delivery of the Goods or the date
when the Goods should have been delivered.  Suit shall not be
considered to have been "brought" within the time specified
unless process shall have been served on and jurisdiction
obtained over the Carrier within such time.
          
21. LIMITATION OF LIABILITY FOR LOSS OR DAMAGE
          
(A) The Carrier shall not be liable for any loss of profit or
any consequential loss.
(B) Insofar as loss of or damage to or in connection with the
Goods was caused during the part of the custody or carriage to
which the applicable version of the Hague Rules applies:
(1) Neither the Carrier nor the Vessel shall be liable for loss
or damage in an amount exceeding the minimum allowable limit per
package or unit in the applicable version of the Hague Rules,
which when the U.S. COGSA applies is U.S. $500 per package or,
in case of Goods not shipped in packages, per customary freight
unit, unless the value (and nature) of the Goods higher than
this amount has been declared in writing by the Merchant before
receipt of the Goods by the Carrier and inserted on the face of
this Bill of Lading, and extra freight has been paid as
required. If the actual value of the Goods per package or unit
exceeds 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. Any partial loss or
damage shall be adjusted pro rata on the basis of such declared
value. If the declared value has been knowingly and fraudulently
misstated, the Carrier shall not be liable to pay any amount.
(2) Where the Goods have been packed into a container or
unitized into a similar article of transport by or on behalf of
the Merchant, it is expressly agreed that the number of such
containers or similar articles of transport shall be considered
to be the number of packages or units for the purpose of the
application of the limitation of liability provided for in this
Article 21.
          
22. GENERAL AVERAGE; NEW JASON CLAUSE
          
(A) General average shall be adjusted, stated, and settled at
the port of place of the Carrier's option and according to the
York-Antwerp Rules, 1994 and, as to matters not provided for by
those Rules, according to the laws and usages of the port of
place of adjustment, and in the currency selected by the
Carrier. The general average statement shall be prepared by the
adjusters appointed by the Carrier. Average agreement or bond
and such cash deposit as the Carrier may deem sufficient to
cover the estimated contribution of the Goods and any salvage
and special charges thereon, and any other additional securities
as the Carrier may require, shall be furnished by the Merchant
to the Carrier before delivery of the Goods.
(B) In the event of accident, danger, damage, or disaster before
or after commencement of the voyage, resulting from any cause,
whether due to negligence or not, for which or for the
consequences of which the Carrier is not responsible by statute,
contract, or otherwise, the Goods and the Merchant shall jointly
and severally contribute with the Carrier in general average to
the payment of any sacrifices, loss, or expenses of a general
average nature that may be or incurred, and shall pay salvage
and special charges incurred in respect of the Goods. If a
salving ship is owned or operated by the Carrier, salvage shall
be paid for as fully and in the same manner as if such salving
ship belonged to strangers.
          
23. BOTH TO BLAME COLLISION
          
If the Vessel comes into collision with another ship as a result
of the negligence of the other ship and any act, neglect, or
default of the Master, crew, pilot, or agent of the Vessel or
Carrier in the navigation or in the management of the Vessel,
the Merchant shall indemnify the Carrier against all loss or
liability incurred directly or indirectly to the other ship or
her owners or operators insofar as such loss or liability
represents loss of or damage to the Goods or any claim paid or
payable to the Merchant by the other ship or her owners or
operators and set-off, recouped, or recovered by the other ship
or her owners or operators as part of their claim against the
Vessel or the Carrier. The foregoing provisions shall also apply
where the owners, operators, or those in charge of any ship or
objects other than or in addition to the colliding ships or
objects are at fault in respect of a collision, contact,
stranding, or other accident. 
          
24. CARRIAGE OF METAL PRODUCTS; LUMBER; VEHICLES; BULK PRODUCTS;
COTTON
          
(A) The term "apparent good order and condition" when used in
this Bill of Lading does not mean:
(1) with reference to iron, steel, or metal products, that the
Goods when received were free from visible rust or moisture,
nicks, dents or bends;
(2) with reference to lumber, timber, plywood, or other wood
products, that the Goods when received were free from visible
stains, discoloration, moisture, shakes, holes, warps, chafage,
breakage, or splitting;
(3) with reference to vehicles which included automobiles,
trucks, rolling stocks, tractors, and machinery that the Goods
when received were free of scratches, dents, nicks, bends,
holes, or cuts;
(4) with respect to cotton or cotton products, that when the
Goods were received the covering was sufficient, untorn, or in
sound condition, or that there was no damages resulting from the
condition of the covering. If the Merchant so requests, a
substitute Bill of Lading will be issued setting forth any
notations as to the foregoing that may appear on the mate's or
tally clerk's receipts or similar document.
(B) The Carrier shall not be liable for failure to deliver iron,
steel, or metal products unless each piece and bundle is
distinctly and durably marked and each bundle is securely
fastened and tagged so that each piece and bundle can be
distinguished at the port of discharge.
(C) When oil or other fluids are carried in bulk in the Vessel's
tanks, they shall be pumped into and out of the Vessel at the
risk and expense of the Merchant; all appliances for putting in
and taking out the fluid will be provided by the Merchant; the
Vessel will furnish steam for discharge, if required; and the
pumping out of the Vessel's tanks shall be deemed to be complete
delivery of all oil or other fluid delivered to the Vessel. With
respect to such cargo, the Carrier shall not be liable for
evaporation, spillage, or other loss in weight, volume, or
contents and shall be liable only for leakage shown by the
Merchant to be due to negligence, fault, or failure on the part
of the Carrier. In the event of any leakage or spillage of oil
or other fluids the Merchant shall accept such portion thereof
that has leaked or spilled from the tanks in which stowed or
contained (and from any other tanks on the Vessel containing
such oil or other fluids) and run into bilges, or elsewhere, as
may be allotted by the Carrier, and such allotment shall be
deemed a full settlement for any loss in weight, volume, or
contents. Notwithstanding any provision in this Bill of Lading
to the contrary, in the case of agreements or freight
engagements for the transportation of liquid Goods in bulk, the
terms of the Bill of Lading, in addition to the terms of said
agreements or said freight engagements shall govern the
relations between the Carrier and the Merchant. If there is any
conflict between the terms of said agreements or freight
engagements and this Bill of Lading, the terms of this Bill of
Lading shall govern.
          
25. GOVERNING LAW AND JURISDICTION
          
The claims arising from or in connection with or relating to
this Bill of Lading shall be exclusively governed by the law of
Korea except otherwise provided in this Bill of Lading. Any and
all action concerning custody or carriage under this Bill of
Lading whether based on breach of contract, tort or otherwise
shall be brought before the Seoul Civil District Court in Korea.
          
26. SUPERSEDING CLAUSE
          
All agreement or freight engagements for the shipment of the
Goods are superseded by this Bill of Lading.
          
27.  CARRIER'S TARIFFS
          
Goods carried hereunder are subject to all terms and conditions
of any Carrier tariffs applicable to all or any portion of the
carriage covered by this Bill of Lading.  In the event of any
conflict between such tariff(s) and this Bill of Lading, this
Bill of Lading shall prevail.
          
28.SEVERABILITY OF TERMS
          
The terms of this Bill of Lading are severable, and if any part
of terms is declared invalid or unenforceable, the validity or
enforceability of any other part of term shall not be affected.

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