6. Bill of Lading Agreement
The purpose of this Agreement is to state the terms and conditions under which FALCON will provide the issuance of FALCON hereinafter referred to as “FALCON” HB/L documentation to CLIENT. This agency agreement, therefore, is signed for the business cooperation between FALCON and CLIENT in consideration of mutual covenants set forth herein, the parties agree as follows:
A) Approval of the issuance of FALCON HB/L’s by CLIENT is granted upon the approval from FALCON, at which FALCON has the right to decline such requests that they deem unfit.
B) Upon approval of the issuance of a FALCON HB/L, CLIENT shall prepare all required documentation on behalf of FALCON, ensuring that all documents do fully protect the interest of FALCON, complying with the terms of the clauses stated on the back of each FALCON HB/L.
C) All shipments made by CLIENT, using a FALCON HB/L must be consigned to FALCON. A detailed monthly usage report shall be sent by on or before the 8th of each month, containing detailed transactions of the previous months FALCON HB/L issuances.
D) CLIENT shall be held legally responsible and will incur all costs with respect to any claims, damages, costs, liabilities, and expenses of any nature whatsoever including Customs Penalty (if any), which may arise from transactions where CLIENT is at fault. CLIENT will be held fully legally responsible for all above costs. FALCON shall be held legally responsible and will incur all costs with respect to any claims, damages, costs, liabilities, and expenses of any nature whatsoever including Customs Penalty (if any), which may arise from transactions where FALCON is at fault, FALCON will be held fully legally responsible for all above costs.
E) FALCON reserves the right to decline the issuance of FALCON HB/L’s at any time they feel CLIENT has violated any of the terms listed within this Agreement.
F) A copy of the agency agreement has the same effect in law as with the Original one.