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Page 1
AGENCY AGREEMENT
Parties to the Agreement:
SAFINA LOGISTICS (PVT) LTD
SUITE NO. 1013, 10TH FLOOR,
CHAPAL PLAZA, HASRAT MOHANI ROAD,
OFF I.I. CHUNDRIGAR ROAD
KARACHI PAKISTAN.
TEL: 0092-21-32468121-4
FAX: 0092-21-32468125
MOBILE: 0092-301-8261556
EMAIL: khalid@safinalogistics.com
WEBSITE: www.safinalogistics.com
And
AIT WORLDWIDE LOGISTICS (UK) LTD
Units 1-2 McKay Trading Estate
Blackthorne Road, Colnbrook, Berks. SL3 0AH
1 The parties agree to represent each other on a neutral and non-exclusive
basis
in all matter pertaining to the business of international air, ocean freight
and sea/air combined services
2 Both parties will actively represent the other by developing mutual business
between the two countries to actively promote sales for the benefit of both
parties by market representation and sales leads and routing instructions
favouring both parties
3 The parties concerned will keep each other informed of air /ocean freight rates
local charges for airport and airport handling ,custom charges etc.
4 Profit Sharing :
Profit share for routed cargo prepaid or collect will be 50-50
Profit Share will be calculated on the net cost of the freight deducted from
the sold rate to the client . Each party will advise the actual cost rate for this
calculation.
Page 2
5. Accounts Settlement
a) 30 Days Credit .(
i.e. On-Board between 1st September to 31st September payment
will be due before end of June.)
b) Payment should be due immediately once reach Credit limit USD 3000 for
each parties .
6. Services
a) In the event goods are consigned to a Bank goods will not be delivered to
the consignee unless an appropriate release / endorsement is received from
the bank. If the consignment is released without obtaining proper bank
release Order , then the party releasing the goods will be fully liable for
the full value of the goods /interest /and any consequential damages
arising out of such illegal act .
b) Ocean shipments must be released only against presentation of original
House bill of lading duly endorsed by the consignee or bank guarantee, unless
otherwise instructed.
c) On receipt of shipment, the receiving party shall make certain that the cargo
and documents are in good order , and if any shortage or damage are
noticed, the receiving party shall obtain the carriers endorsement accordingly
and immediately notify the other party .Moreover the receiving party shall
file a preliminary notice of claim against the carrier to protect the rights of
the other party .
d) On receipt of shipment, receiving party shall immediately contact the ultimate
consignee or its appointed broker by telephone and or any means of written
communication and keep a record of the same.
e) If the consignees appointed representative does not take immediate delivery of
the shipment, or refuses to pay the collect charges involved, the receiving party
shall immediately notify the other party by written communication and shall act
in accordance with the other party’s instructions.
Page 3
f) Upon making final delivery to the consignee’s appointed representative, the
receiving party shall obtain a signed and dated receipt for each shipment .In case
remarks have been made in respect of shortage or damage, the same is to be
immediately reported to the other party. Proof of delivery is to be submitted to
the other party.
g) Receiving party shall keep track of the physical collection of the cargo by
consignee. In event the consignee fails to take delivery of the cargo within 14
days of the arrival of shipment at destination, for whatever reason the receiving
party shall inform the party at origin by written communication along with details
of accumulated charges, such as demurrage, storage etc.. In addition the
receiving party shall forward written letters to both consignee and notify party.
h) For all non routed business , where any shipment (container ) is not claimed ,or
not released at destination port by consignee ,and the shipment (container )
incurs in demurrages with carrier and storage charges at port,all of these
charges will be accepted and paid by the agent who nominated this shipment.
7 . Terms of Agreement .
Each party acting under the terms of this agreement shall assume liability for all
risks loss or damage to consignments in its custody or control while such
consignments are being forwarded. The parties liability will be subject to their
respective Standard Trading Conditions .
This agreement will remain in force until revoked by either party . It is required
That 30 days notice be given if termination of this agreement is required .All
outstanding accounts must be settled before the agreement is terminated .
The parties hereby have caused this agreement to be executed on June 15, 2019.
In their names and signatures as duly authorized officers or officials.
8. INSURANCE
a. Each Party warrants and undertakes that it has and will maintain without lapse
during the Term of this Agreement an Error and Omission Insurance policy in an
amount not less than $1,000,000 per occurrence (and/or its equivalent) with a
reputable and solvent underwriter.
b. Each Party warrants and undertakes that it has and will maintain without lapse
during the Term of this Agreement a Cargo Liability Insurance policy in an
Page 4
amount not less than $100,000 per occurrence (and/or its equivalent) with a
reputable and solvent underwriter.
c. Each Party warrants and undertakes that it has and will maintain without lapse
during the Term of this Agreement a Commercial General Liability Insurance
policy in an amount not less than $1,000,000 per occurrence (and/or its
equivalent) with a reputable and solvent underwriter.
9. FORCE MAJEURE
a. Neither party shall be liable to the other for failure to perform or delay in
performing its obligations under this Agreement in circumstances of Force
Majeure. Force Majeure shall mean any event or circumstance beyond the
control of either Party hereto, including but not limited to war or war-like
operations, acts of terrorism, acts of God, strikes, lockout, floods, earthquakes,
typhoons, bad weather, embargoes, curtailment or similar occurrence outside the
control of the non-performing party.
b. In the event of Force Majeure, the Parties shall take all reasonable measures,
without being required to incur additional expenditure, to mitigate the effect of
such Force Majeure.
10. COMPLIANCE WITH LAW
Each Party warrants, represents, and affirms that it is currently, and shall remain during
the Term, in full compliance with the U.S. Foreign Corrupt Practices Act, U.K. Bribery
Act, U.S. Anti-Boycott Laws, U.S. Sanctions and Embargo Laws, and all applicable laws,
rules, and regulations of the country(ies) in which the Party operates when conducting
business or providing services on behalf of the other Party and its customers.
Page 5
Company 1:
SAFINA LOGISTICS (PVT) LTD
Company 2:
AIT WORLDWIDE LOGISTICS (UK) LTD
Registered Office Address:
SUITE #1013,10THFLOOR, CHAPAL
PLAZA,HASRAT MOHANI ROAD
OFF. I.I CHUNDRIGAR ROAD
Registered Office Address:
UNITS 1-2 MCKAY TRADING ESTATE
BLACKTHORNE ROAD COLNBROOK,
BERKSHIRE, SL3 OAH UK
Name & Designation:
KHALID GHAFFAR
(DIRECTOR)
Name & Designation:
RORY MACARTY
(DIRECTOR)
Signature:
Signature:
Company Seal: Company Seal:
Date: 2019.06.15 Date: 2019.06.15

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Agency Agreement - Safina.docx

  • 1. Page 1 AGENCY AGREEMENT Parties to the Agreement: SAFINA LOGISTICS (PVT) LTD SUITE NO. 1013, 10TH FLOOR, CHAPAL PLAZA, HASRAT MOHANI ROAD, OFF I.I. CHUNDRIGAR ROAD KARACHI PAKISTAN. TEL: 0092-21-32468121-4 FAX: 0092-21-32468125 MOBILE: 0092-301-8261556 EMAIL: khalid@safinalogistics.com WEBSITE: www.safinalogistics.com And AIT WORLDWIDE LOGISTICS (UK) LTD Units 1-2 McKay Trading Estate Blackthorne Road, Colnbrook, Berks. SL3 0AH 1 The parties agree to represent each other on a neutral and non-exclusive basis in all matter pertaining to the business of international air, ocean freight and sea/air combined services 2 Both parties will actively represent the other by developing mutual business between the two countries to actively promote sales for the benefit of both parties by market representation and sales leads and routing instructions favouring both parties 3 The parties concerned will keep each other informed of air /ocean freight rates local charges for airport and airport handling ,custom charges etc. 4 Profit Sharing : Profit share for routed cargo prepaid or collect will be 50-50 Profit Share will be calculated on the net cost of the freight deducted from the sold rate to the client . Each party will advise the actual cost rate for this calculation.
  • 2. Page 2 5. Accounts Settlement a) 30 Days Credit .( i.e. On-Board between 1st September to 31st September payment will be due before end of June.) b) Payment should be due immediately once reach Credit limit USD 3000 for each parties . 6. Services a) In the event goods are consigned to a Bank goods will not be delivered to the consignee unless an appropriate release / endorsement is received from the bank. If the consignment is released without obtaining proper bank release Order , then the party releasing the goods will be fully liable for the full value of the goods /interest /and any consequential damages arising out of such illegal act . b) Ocean shipments must be released only against presentation of original House bill of lading duly endorsed by the consignee or bank guarantee, unless otherwise instructed. c) On receipt of shipment, the receiving party shall make certain that the cargo and documents are in good order , and if any shortage or damage are noticed, the receiving party shall obtain the carriers endorsement accordingly and immediately notify the other party .Moreover the receiving party shall file a preliminary notice of claim against the carrier to protect the rights of the other party . d) On receipt of shipment, receiving party shall immediately contact the ultimate consignee or its appointed broker by telephone and or any means of written communication and keep a record of the same. e) If the consignees appointed representative does not take immediate delivery of the shipment, or refuses to pay the collect charges involved, the receiving party shall immediately notify the other party by written communication and shall act in accordance with the other party’s instructions.
  • 3. Page 3 f) Upon making final delivery to the consignee’s appointed representative, the receiving party shall obtain a signed and dated receipt for each shipment .In case remarks have been made in respect of shortage or damage, the same is to be immediately reported to the other party. Proof of delivery is to be submitted to the other party. g) Receiving party shall keep track of the physical collection of the cargo by consignee. In event the consignee fails to take delivery of the cargo within 14 days of the arrival of shipment at destination, for whatever reason the receiving party shall inform the party at origin by written communication along with details of accumulated charges, such as demurrage, storage etc.. In addition the receiving party shall forward written letters to both consignee and notify party. h) For all non routed business , where any shipment (container ) is not claimed ,or not released at destination port by consignee ,and the shipment (container ) incurs in demurrages with carrier and storage charges at port,all of these charges will be accepted and paid by the agent who nominated this shipment. 7 . Terms of Agreement . Each party acting under the terms of this agreement shall assume liability for all risks loss or damage to consignments in its custody or control while such consignments are being forwarded. The parties liability will be subject to their respective Standard Trading Conditions . This agreement will remain in force until revoked by either party . It is required That 30 days notice be given if termination of this agreement is required .All outstanding accounts must be settled before the agreement is terminated . The parties hereby have caused this agreement to be executed on June 15, 2019. In their names and signatures as duly authorized officers or officials. 8. INSURANCE a. Each Party warrants and undertakes that it has and will maintain without lapse during the Term of this Agreement an Error and Omission Insurance policy in an amount not less than $1,000,000 per occurrence (and/or its equivalent) with a reputable and solvent underwriter. b. Each Party warrants and undertakes that it has and will maintain without lapse during the Term of this Agreement a Cargo Liability Insurance policy in an
  • 4. Page 4 amount not less than $100,000 per occurrence (and/or its equivalent) with a reputable and solvent underwriter. c. Each Party warrants and undertakes that it has and will maintain without lapse during the Term of this Agreement a Commercial General Liability Insurance policy in an amount not less than $1,000,000 per occurrence (and/or its equivalent) with a reputable and solvent underwriter. 9. FORCE MAJEURE a. Neither party shall be liable to the other for failure to perform or delay in performing its obligations under this Agreement in circumstances of Force Majeure. Force Majeure shall mean any event or circumstance beyond the control of either Party hereto, including but not limited to war or war-like operations, acts of terrorism, acts of God, strikes, lockout, floods, earthquakes, typhoons, bad weather, embargoes, curtailment or similar occurrence outside the control of the non-performing party. b. In the event of Force Majeure, the Parties shall take all reasonable measures, without being required to incur additional expenditure, to mitigate the effect of such Force Majeure. 10. COMPLIANCE WITH LAW Each Party warrants, represents, and affirms that it is currently, and shall remain during the Term, in full compliance with the U.S. Foreign Corrupt Practices Act, U.K. Bribery Act, U.S. Anti-Boycott Laws, U.S. Sanctions and Embargo Laws, and all applicable laws, rules, and regulations of the country(ies) in which the Party operates when conducting business or providing services on behalf of the other Party and its customers.
  • 5. Page 5 Company 1: SAFINA LOGISTICS (PVT) LTD Company 2: AIT WORLDWIDE LOGISTICS (UK) LTD Registered Office Address: SUITE #1013,10THFLOOR, CHAPAL PLAZA,HASRAT MOHANI ROAD OFF. I.I CHUNDRIGAR ROAD Registered Office Address: UNITS 1-2 MCKAY TRADING ESTATE BLACKTHORNE ROAD COLNBROOK, BERKSHIRE, SL3 OAH UK Name & Designation: KHALID GHAFFAR (DIRECTOR) Name & Designation: RORY MACARTY (DIRECTOR) Signature: Signature: Company Seal: Company Seal: Date: 2019.06.15 Date: 2019.06.15