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AGENCY AGREEMENT
Parties to the Agreement:
And
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.
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

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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
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 .
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

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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.
Company 1: Company 2:
AIT WORLDWIDE LOGISTICS

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Registered Office Address: Registered Office Address:
UNITS 1-2 McKAY TRADING ESTATE
BLACKTHORNE ROAD COIN BROOK,
BERKSHIRE, SL3 OAH UK
Name & Designation:
(DIRECTOR)
Name & Designation:
Signature:
Signature:
Company Seal: Company Seal:
Date: 2019.06.15 Date: 2019.06.15