Stolt Tank Containers B.V.

A subsidiary of
Stolt-Nielsen Limited P.O. Box 23213 Tel: +31 10 2818888
3001 KE Rotterdam Fax: +31 10 2818889
The Netherlands website: www.stolt-nielsen.com

STOLTTANKCONTAINERSB.V.

GENERALTERMS&CONDITIONS

1. DEFINITIONS

1.1 Carrier STCasdefinedinClause2.1.

1.2 CarriersTariff STCproposalandadditionalcoststariff.

1.3 Shipper ThenaturalpersonorlegalentityofferingtheProductforcarriage.

1.4 Customer ThenaturalpersonorlegalentitypurchasingServicesfromSTC.

1.5 Consignee The natural person or legal entity to whom the Product is consigned in the
transportdocuments.

1.6 Equipment Any equipment (such as, but not limited to, Flexitanks, Tank Containers or
other containers, bulkheads, heater pads and other such equipment) leased,
soldorotherwisesuppliedbytheCarriertotheCustomerforthepurposesof
theServices.

1.7 Receiver ThenaturalpersonorlegalentitywhophysicallyreceivestheProduct.

1.8 Services AllactivitiesthataredescribedonSTCsProposal.

1.9 Proposal Anydocumentslabeledquoteconfirmation,quotation,offer,contractorcost

confirmation.

1.10 Rate The price or freight rate that STC charges for providing the Services in the
Proposal.

1.11 Contract Agreement between STC and the Customer for the Services and Rate
proposed.

1.12 Product Thegoods,productorcargoofferedfortransportationbytheCustomer,his/its

servantsand/oragents,asdescribedintheSTCProposal.

1.13 MSDS MaterialSafetyDataSheetaccordingto91/155/EEC.

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General
2. GENERALPROVISIONS

2.1 These General Terms & Conditions (hereafter Terms) apply to all proposals by Stolt Tank
ContainersB.V.,itssubsidiaries,agents,affiliatesandrepresentingoffices(hereafterSTC)and
toallactsperformedbysame.

2.2 The Customers terms and conditions shall not prevail in the event of any conflict with STCs
Terms, and or the STC Combined Transport Bill of Lading. These Terms form a part of the
Carriers Tariff where such term is used in any Combined Transport Bill of Lading issued by
STC.

2.3 IfanyprovisionoftheseTermsisvoidorvoidable,suchshallnotaffectthevalidityoftheother
provisions.

2.4 Where the heading of any article states Tank Containers or Flexitanks, the respective
conditions only apply to either Tank Containers or Flexitanks. All other references to
containersand/orEquipmentshallapplytobothTankContainersandFlexitanks.

2.5 Notwithstanding Clause 2.1 above, where STC only supplies Equipment to the Customer and
STC provides no Services other than those ancillary to the sale or other supply of such
Equipment(suchas,butnotlimitedto,thefittingorinstallationof,trainingoftheCustomers
staffintheuseof,supervisionofloading,dischargeof,adviceontheuseandsuitabilityofthe
Equipment)such supply andancillaryServicesshall be subject to the Standard STC Terms for
theSupplyandFitServicesandnottheseTermsandConditions.TheSTCTermsfortheSupply
andFitServicesareavailableonrequestorcanbefoundatwww.stoltnielsen.com.

3. CREATIONOFTHECONTRACT

3.1 Regardless ofthe form in which they have been made,any Proposaloffering Services by STC
(Services)shallbenonbindingandcanberevokedwithoutanyformality.Acceptanceofthe
Terms of any such Proposal by a Customer shall be in writing and deemed an offer by the
Customer.TheseshallnotbindSTCuntiltheTermsareacceptedbySTCinwritingorbytheir
conductincomplyingwiththeProposal.IfSTCdonotwishtoacceptaCustomersoffersame
shallbecommunicatedtotheCustomerassoonasreasonablypossible.

3.2 For the purposes of this clause in writing shall include communication by booking
confirmation,fax,email,EDIorotherelectronicconfirmationbycomputerbookingsystemof
STC.

3.3 The contract may, with the consent of both parties, be altered after agreement but such
alterationoforadditiontotheServicesshallonlybindSTCafteritsacceptanceinwriting.

4. PERFORMANCEOFTHECONTRACT

4.1 TheServiceswillincludethetransportationofgoods(theProduct)frompointofcollectionto
point of delivery as stipulated by the Customer or as agreed with STC. This shall include
transportationtoandfrompier,door,railhead,bargeterminal,railterminalordeliveryforpre
or oncarriage (this applies to moves to or from a pier, barge terminal and/or rail terminal or
similarinstallations).

4.2 STCisatlibertytochoosehowitmayperformtheServicesandshallhavechoiceovertheuseof
any subcontractors and carrying vessel in the performance of the whole or any part of the

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General
 contractual Services. Unless the Customer has requested otherwise STC books the cargo
withoutspecialstowageorhandlinginstructions.Insofaraspossible,accountshallbetakenof
the wishes of the Customer with regard to the time or duration of the performance, but STC
doesnotgiveanyguaranteeinthisrespect.

4.3 WherecarriagebyseaispartoftheServicesthenSTCshallbedescribedasShipperinanybillof
lading issued by the performing Carrier unless agreed otherwise by the Customer or unless
considerednecessarybySTCinitssolediscretionorasamatteroflaw.

4.4 TheCustomershalladvisepriortoconcludingthecontractwhatadditionalequipmentmaybe
requiredtofacilitateloadinganddischargingoperations.Theprovisionofsuchequipmentby
STCisancillarytothecontractandanyrequesttoprovidesuchequipmentshallbesubjecttoits
availabilityandsubjecttoadditionalcost.InanyeventtheCustomershallremainresponsible
forloadinganddischargingoftheProduct.

4.5 Absent agreement to the contrary, the following costs shall always be excluded from the
CarriersProposal:

(i) AllcostsofinsuringtheProductagainstlossordamageduringperiodfromloadingthe
ProducttodischargeoftheProduct;

(ii) Local customs duties/taxes and any customs clearance charges as may be applied to
theProductortransportation;

(iii) Storage charges at a pier, barge and/or rail terminal, Customer premises or similar
installations;

(iv) The cost of providing additional equipment and assistance for the loading and
dischargingofProduct;

(v) Productheatingcostsandrelatedtrucking/chassisorliftcosts;

(vi) CostofdisposalofFlexitankandproductresiduesafteruse;

(vii) SupplyofthesteelbulkheadasthisremainsthepropertyofSTC;

(viii) Railcar,truck,bargedetention,equipmentdemurrageoranyothertypeofdetention
and/ordemurrage;

(ix) Other special preparations and services such as, but not limited to Acetone prewash,
Kosherwash,nonstandardseals/gaskets,topvalves,siphontubesandfittings;

(x) Supplyandfittingofseals(ISO17712oranyothertypeused);

(xi) DisposalofproductresiduesoveranallowedquantityasreferredtoinClause5.1.3(vi)
andClause5.1.3(vii);and

(xii) Any cost associated with the shipment of containers whereby the purpose is or
becomesfutile.

4.6 Absent agreement to the contrary, the following Services may be included pursuant to the
termsandconditionssetoutintheCarriersProposal:

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General
 4.6.1 TankContainers

(i) Ocean freight and all known surcharges at date of quotation (the validity of such
chargesshallbesetoutinthequoteconfirmation);

(ii) Piercharges(terminalhandlingcharges)atportofexitandportofentry;

(iii) Truckingtoload(two(2)hoursallowedfreewithvehicledetentionpayablethereafter,
spotting/recollectionchargesplusanyadditionalchassiscostareextra);

(iv) Trucking to deliver (two (2) hours allowed free with vehicle detention payable
thereafter,spotting/recollectionchargesplusanyadditionalchassiscostareextra);

(v) Bargefreightandallknownsurchargesatdateofquoteconfirmation;

(vi) Liftchargesatportofexitandportofentry;

(vii) Railfreightandallknownsurchargesatdateofquoteconfirmation;

(viii) Liftchargesatoriginanddestinationterminal;

(ix) TankRentalatoriginone(1)dayisallowedfreefromcollectionexdepottoloadedon
thecarrier(thismaybeanymodalitypursuanttothequoteconfirmation);and

(x) TankRentalatdestinationone(1)dayisallowedfreefromarrivalofthecarrier(this
maybeanymodalitypursuanttothequoteconfirmation).

4.6.2 Flexitanks

(i) ProvisionofFlexitankandallagreedaccessories;

(ii) TruckingtodepotforinstallationoftheFlexitank;

(iii) InstallationoftheFlexitankandallagreedaccessories;

(iv) Ocean freight and all known surcharges at date of quotation (the validity of such
chargesshallbesetoutinthequoteconfirmation);

(v) Piercharges(terminalhandlingcharges)atportofexitandportofentry;

(vi) Trucking to load (2 hours allowed free with vehicle detention payable thereafter,
spotting/recollectionchargesplusanyadditionalchassiscostsareextra);

(vii) Trucking to deliver (two (2) hours allowed free with vehicle detention payable
thereafter,spotting/recollectionchargesplusanyadditionalchassiscostsareextra);

(viii) Bargefreightandallknownsurchargesatdateofquotation;

(ix) Liftchargesatportofexitandportofentry;

(x) Railfreightandallknownsurchargesatdateofquotation;

(xi) Liftchargesatoriginanddestinationterminal;

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General
 (xii) Useofboxcontaineratoriginthree(3)daysareallowedfreefromcollectionexdepot
toloadedonthecarrier(thismaybeanymodalitypursuanttothequoteconfirmation);
and

(xiii) Use of box container at destination one (1) day is allowed free from arrival of the
carrier(thismaybeanymodalitypursuanttothequoteconfirmation).

4.7 IfanydocumentreferstonoticeofarrivalofthegoodstotheCustomerorConsignee,failureto
givesuchnoticeshallnotresultinanyliabilityonthepartofSTC,norshalltheCustomerorany
otherpartyinvolvedbereleasedfromanyobligationunderthecontract.

4.8 IntheeventthatcircumstancesarisethatpreventtheperformanceofthecontractbySTCover
which STC has no control or possibility of preventing (events of force majeure) then the
contractshallremainineffectbuttheobligationsofSTCshallbesuspendedfortheperiodthat
such force majeure remains in effect. In the event that the circumstances continue for more
thanninety(90)daysorwhereintheviewofSTCthereisriskofdamagetoeithertheProductor
equipment STC may terminate the contract and charge the Customer reasonably for the
Servicesprovided.AllcostsarisingasaresultofforcemajeureareattheCustomer'sexpense.

4.9 Ifservants,agentsand/orsubcontractorsareheldliablebytheCustomeroutsidethetermsof
this contract in respect of the work for which such parties were engaged by STC, it is hereby
stipulatedontheirbehalfthattheycaninvokeallprovisionsintheseTermsandanyprovisions
permittedundertheapplicablelawinrespectofexclusionorlimitationofliability.

4.10 Unlessotherwiseagreedinwriting,STCshallactreasonablytoensurethatthedriversengaged
to provide trucking services are competent. If any assistance or service including, but not
limitedtosampletaking,sealingofcontainers,loadingordischargingisprovidedbythedrivers
thisshallbeattheriskandexpenseoftheCustomer.STCwill bearnoresponsibilityforsuch
assistanceinanyway.

4.11 Ifthepartyentitledtothegoodsfailstotakereceiptofthegoodsafterarrivalthereof,STCis
entitled,withoutfurthernotice,tounloadthegoodsattheriskoftheentitledpartyand/orto
storethem on the quayin the open air or under cover. Such storageshall be deemed proper
deliveryunderthecontractofcarriageandcompletefulfillmentofSTC'scontractualobligations.
Inaddition,uponreasonablenoticetotheCustomer,STCmaybeatlibertytosellordisposeof
thegoodsbypublicsaleorprivateagreement.Suchsaleproceedsshallcoverallsumspayable
toSTCbytheCustomerunderthisoranyothercontractaswellasthecostofrecoveringsuch
sumsdue.AnyandallcostsshallbefortheCustomer'saccount.

4.12 Anyloadingandunloadingtimesshallbeflexible.

5. OBLIGATIONSOFTHECUSTOMER

5.1 In addition to and without prejudice to any provisions by law or by convention, the Customer
shall:

5.1.1 OnContract

(i) Provideacorrect,completeandcurrentMSDSinrespectoftheproducttobecarried
priortoSTCprovidingaquotationandbeforethecontractisagreed;

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General
 (ii) ProvideanyotherinformationordocumentsrequiredinasufficienttimetoenableSTC
tosafelyhandletheproduct,dulyperformthecontract,andensurethelawfulcarriage,
and clearance through customs of the product, except where it has been agreed in
writingthatSTCwouldobtainorprovidesuchdocumentsinwhichcasetheCustomer
shallfurnishallinformationthatmayberequiredand/orforwardanyformstoSTC;

(iii) ShallprovidetimelywrittennoticetoSTCofanyapplicablerulesthatmustbefollowed
with regard to the carriage and/or storage of the goods pursuant to any legislation
and/orothergovernmentschemesapplicabletothecontract;

(iv) Arrange product insurance at all times during the supply chain and ensure there is
adequatecoverageforanythirdpartyclaimofwhatevernatureorcauserelatingtothe
carriageoftheproduct;

(v) Guaranteesthattheproductisfullycompatiblewiththerequestedtypeofequipment
anditsaccessories.STCreservestherighttodeclinecarriageofcertainproductsatany
time.

5.1.2 BeforeandatLoading

(i) FollowtheCustomersloadproceduresorthoseagreedotherwisewithSTC;

(ii) Ensurethattheproductbeingtransportedisavailableattheagreedplaceandtime;

(iii) InspecttheEquipmentbeforeloadingtoensuresameissuitablefortransport;

(iv) Be responsible for and arrange for the proper loading and discharge of the product
fromtheequipmentandfortheproperclosure ofallvalvesoncompletionofloading
and discharge: in the event that compressors, flexible hoses, couplings and/or other
equipment is required for loading or discharge and is supplied by STC the use of the
equipmentisattheriskoftheCustomer:intheeventthatanyassistanceisgivenbythe
driver in the loading and/or unloading process this shall not in any way vary the
obligationsandorfullresponsibilityoftheCustomertoloadordischargetheproduct;

(v) Ensure,thatinthecaseofaFlexitank,thatitisfilledtoitsfullnominalcapacityandare
notoverfilledorunderfilledandthattheFlexitankisproperlylabeledandsealed;

(vi) Ensure, that in the case of a Tank Container, that it is filled to the minimum and
maximumallowedlimitsundertherulesgoverningthetransportationbysea,road,rail
orbarge;

(vii) Ensure, that in all cases, the Tank Container or Flexitank is not loaded over the
maximum legal weight limits at origin, destination and when in transit and remains
withintheallowedlimitsreferencedinsubclauses(v)and(vi)above;

(viii) Ensure that all containers are properly labeled and sealed as per ISO 17712 or in
accordancewiththecurrentapplicablestandardandotherrelevantlegalrequirements,
and that all seal numbers are mentioned on the transport document and
communicatedtoSTC;

(ix) OnloadingtheTankContainerorFlexitanktheCustomeracceptstheTankContainer/
FlexitanktobetotheCustomersspecificationandingoodordertocarrythecargoto

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Genera
 itsfinaldestinationandholdsSTCharmlessforanyclaimsderivingfromthecontainer
notbeingtotherequiredspecification.

5.1.3 OnDelivery

(i) FollowtheCustomersdischargeproceduresorthoseagreedotherwisewithSTC;

(ii) Inspecttheequipmenttoensureitcanbesafelyloaded/discharged;

(iii) Verify product and to ensure that it is in sound and acceptable condition prior to
unloadingintotheReceiver'sstoragetankonarrivalatthepointofdischarge;

(iv) Ensurethattheequipmentisdirectedtothecorrectsitelocation/dischargepointand
theproductisunloadedintothecorrectstoragetank;

(v) Arrangethesafeandproperdischargeoftheproductintothereceiverstank;

(vi) Ensure, in case of a Tank Container, that not more than 19 liters (5 U.S. gallons) of
productremainsinthetankafterdischarge;

(vii) Ensure,incaseofaFlexitank,thatnotmorethan50liters(13U.S.gallons)ofproduct
remainsintheFlexitankafterdischarge.

5.1.4 FollowingDelivery

(i) Return the Tank Container in like good order and condition pursuant to the
International Tank Container Organization Acceptance Container Condition manual
(ITCOACCManual)(copiesavailableonwww.itco.org);

(ii) Arrange for the safe and proper disposal of the discharged Flexitank and any excess
productinaresponsibleandlegalmanner;

(iii) ReturnthebulkheadstoSTCsassigneddepotingoodcondition;

(iv) ForallotherEquipmentreturntheequipmentingoodorder,freeoflabels,cleanand
drycondition;

(v) In the event that product residue exceeds the limit as per Clause 5.1.3(vi) and Clause
5.1.3(vii) the Customer or consignee is responsible for any and all expenses for
additional cleaning, including but not limited to the drumming, and trucking and
disposal of the product residues. Container detention/demurrage will be applicable
untilsuchtimethatallresidueshavebeenremoved.

5.2 If the Customer fails to perform any of the obligations set out herein the Customer shall
compensate STC for any and all loss, damage, expense or liability which STC may suffer as a
result thereof (including any and all damage caused by the Product) and to indemnify STC
againstclaimsfromthereceiverofthegoodsandotherthirdpartieshowsoeverarising.

5.3 STCcanatanytimeandanyplaceunload,destroyormakeharmlessinsomeotherwaygoods
entrustedtoSTCforwhateverreason,whichSTC,ifithadknownatthetimeoftakingreceipt
thereofthattheycouldbedangerous,itwouldnothaveacceptedtotransport.

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General
 5.4 FurthermoretheCustomershallbeliabletoSTCforalldamagecausedbytheproductand/orto
indemnify STC against any third party claims brought against STC unless such damage is the
faultofSTCandproperlyrecoverablefromSTC.

5.5 The Customer shall indemnify STC or its servants, agents and/or subcontractors upon first
requestintheeventSTCorsaidservants,agentsand/orsubcontractorsareheldliablebythird
parties, outside of a contract, for damage or some other financial loss, connected with the
performanceofthecontract.

5.6 TheCustomershallcompensateSTCforamountsclaimedand/orpenaltiesimposedonSTCor
any agent and/or subcontractor engaged by it, by any government or other authority in
connectionwiththeperformanceoftheServices,unlesssuchclaimistheresultoffaultinthe
performanceonthepartofSTCofitsobligationsunderthecontract.Ifsecurityisrequiredtobe
providedforsuchclaimspendingfinalresolutionthentheCustomershallprovidesecuritytothe
appropriateauthorityonSTC'sfirstrequest.

5.7 STC does not accept any responsibility for the accuracy of the quantity of cargo indicated as
havingbeenloadedbytheCustomerandallotherstatementsregardingthegoods.NeitherSTC
noritssubcarriershallbedeemedtohavereceivedthegoodscontainedintheequipmentina
good condition, even if no reservation has been made in this respect. In the event of any
productlossornondeliverynotcausedbythefaultofSTCtheCustomershallindemnifySTCfor
anyclaimsbroughtagainstit.

5.8 The Customer shall indemnify STC for any damage caused by it or by third parties to the
Equipment supplied by STC, whether at the request of the Customer or the receiver, or
otherwiseforthecarriageoftheproduct.Ifsuchdamage,inSTCsreasonablejudgmentcanbe
repaired,thentheCustomershallindemnifySTCforsuchcosts,includinganydemurrage,repair
chargesandallsuchconsequentiallosses.Otherwise,ifSTC,initsreasonablejudgmentdeems
theEquipmentatotalloss(constructiveorotherwise),thentheCustomershallindemnifySTC
(withoutconsiderationofmarketvalue)bypayingthereplacementcostvalueoftheEquipment
withouttherighttodeductforanydepreciation.

6. APPLICABLECONDITIONSANDRULES

6.1 IfSTChasissuedacombinedtransportbillofladingortransportdocumentwithregardtothe
contract of transportation of the product that bears the name or logo of STC, the terms and
conditions of transport set out in such transport document shall apply to the transportation
togetherwiththeseTerms.IntheeventofaconflictbetweentheSTCCombinedTransportBill
ofLadingandtheseterms,thetermsoftheSTCCombinedTransportBillofLadingshallprevail.

6.2 Ifabillofladinghasbeenissuedbyaperformingcarrierthecontractualrelationshipbetween
STCandtheCustomershallnotbeaffectedbythetermsofthatbillofladingunlessnootherbill
oflading(oranyothertransportdocument)hasbeenissuedinwhichcasethetermsofthatbill
ortransportdocumentshallapplytogetherwiththeseTerms.

6.3 IfnotransportdocumentisissuedallServicesprovidedshallbegovernedbytheseTerms.

6.4 InallcasesArticle10(TimeLimitsandLapsingofRights)oftheseTermsshallapplyinanyevent.

6.5 IfSTCundertakestocarrygoodsbyroad,theprovisionsofthelocalapplicablelegislationshall
apply,asifsetoutinfullherein.

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 6.6 Unless the Carriage is governed by the law of the United States, if STC undertakes to carry
goods by sea alone (port/port) or inland waterways alone, the HagueVisby Rules, or the so
called Rotterdam Rules (once said Rules come into force) shall apply, as if set out herein, but
withthefollowingamendments:

(i) anyliabilityofSTCisexcludedinrespectofdamagetoorlossofgoodsarisingbefore
loadingorafterdischargefromtheship;and

(ii) STC shall not be liable for any damage or consequential losses resulting from late
deliveryoftheproduct.

6.7 If STC provides rail transportation as part of the Services, whether or not it forms part of
combinedtransport,theprovisionsofthelocalapplicablelegislationshallapply,savethatSTC
shallnotbeliableforanydamageresultingfromlatedeliveryoftheproduct.

6.8 IfSTCprovidescombinedtransport(partlybyroadand/orpartlybyseaand/orpartlybyinland
waterwaysand/orpartlybyrail),theprovisionsofthelocalapplicablelegislationortheHague
VisbyRulesorthesocalledRotterdamRules(oncesaidRulescomeintoforce)asincorporated
hereinshallapply,dependingonthetypeoftransportationbeingutilizedatthetimewhenthe
lossordamagearose.Ifitcannotbeestablishedonwhatstageofthecarriagetheloss,damage
ordelayarose,theloss,damageordelayshallbedeemedtohaveoccurredaboardtheocean
vessel.

6.9 STCshallnotbeliableforanylossofprofit,consequentialdamagehowsoevereithershallarise
(includingwhereduetodamage,delayornondeliveryofcargo).

6.10 Anyliabilityinrespectofimportduties,exciseduty,turnovertax,freighttax,restitutionsand/or
other levies or related fines which are imposed by any government or any other authority
charged with such duties, which are demanded in connection with the performance of the
Services,isexcluded.

6.11 STC shall not be liable for damage to goods in the Receiver's storage tanks caused by
contaminationwithgoodsunloadedfromthedeliveryoftankcontainer(s)orflexitank(s).The
Customer shall indemnify STC against claims from the receiver/owner of these goods or any
otherparty.

6.12 Any party, who enters any premises of STC or of its agent and/or subcontractor, in sheds,
warehouses,transportvehiclesoranyotherplacewhereworkisexecuted,shallbethere,with
allgoodshehaswithhim,athisownrisk,andhemuststrictlyadheretoanyregulationsand/or
instructionsestablishedbythegovernmentandbySTC.TheCustomershallindemnifySTCin
thisrespectagainstclaimsofthirdpartieswhichareonsiteinconnectionwiththeperformance
of the contractual Services. Further STC shall not be liable for any injury suffered by the
Customer or consignee, their employees, agents and/or subcontractors, if the injury occurs
when said persons perform activities to or on top of a Tank Container. The Customer shall
indemnifySTCinthisrespectagainstclaimsofconsigneesorotherparties.

6.13 Insofarassuchisnotcontrarytoprovisionsofmandatorylawandsubjecttotheliabilityrulesset
outaboveinthisarticle,inallothercasesSTCshallonlybeliabletotheextentsetoutbelowfor
damageorinjury,lossorexpensehowsoeverarisinginsofarassuchisprovedbytheclaimantto
havearisenfromanactoromission,committedwiththeintenttocausesuchdamageorinjury,
loss or expense, or recklessly and with the knowledge that such would probably ensue. In all
such cases STC shall never be liable for an amount greater than the maximum liability of the
underlyingcarrierand/orserviceprovider.

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General Terms & Conditions - August 2011
 6.14 To the extent Customer agrees herein to indemnify and/or hold STC harmless, Customer
undertakestoobtainagreementfromitsinsurerstowaiveanyandallrightsofsubrogationin
favorofSTC.FailuretoobtainsuchagreementshallcausetheCustomertosaveharmlessand
indemnifytheCompanyfromanysubrogationactionbyitsinsurersagainstSTC.

7. PRICE

7.1 ThepriceoftheServicesshallbedueinfullonthecommencementoftheServices.

7.2 Unlessotherwiseagreed,useofthecontainersforallperiodsbeyondtheallowancesprovided
will result in demurrage accruing for the containers provided and shall be payable at the per
diem rate of USD250, weekends and holidays included. This rate may be revised periodically
and published by STC. The Customer, Consignee and Receiver shall be jointly and severally
liabletotheCarrierforthecostoftheServicesanddemurrage.

7.3 The price is based on current exchange rates and known charges at the time the quotation is
madeandissubjecttothealterationofcostsandsurchargesbythirdparties.Intheeventofa
subsequent increase in one or more cost price factors, STC shall be entitled to request an
increasetheprice.AnysuchincreaseshallbenotifiedtotheCustomerinwritingandwillnot
come into effect until not less than thirty (30) daysafter the date that STC hassent notice of
suchincreasetotheCustomer.

8. PAYMENT

8.1 Unlessotherwiseagreedinwriting,paymentmustbemadeinfulluponreceiptoftheinvoicein
thecurrencyreferencedontheinvoicebydepositonabankaccountdesignatedbySTC.

8.2 IntheeventoflatepaymenttheCustomershallbeliabletopayinterestattherateof1%per
month compounded monthly without any need for notice of default on behalf of STC. The
Customer shall save harmless and keep the Company indemnified from and against all costs,
claims,indemnitiesorotherlossesofwhatevernaturearisingbyreasonofsuchlatepayment.

8.3 STC is at all times entitled to demand payment in advance from the Customer or satisfactory
securityfortheperformanceofhisobligations.IftheCustomerdoesnotimmediatelycomply
witharequesttothiseffect,STCisentitledtoterminateorsuspenditsperformanceofServices.

8.4 Where incurred, additional origin charges are for the account of the Customer and additional
destination charges are for the account of the consignee. In the event of nonpayment of
invoices by the Consignee, STC reserves the right to charge and collect same from the
Customer.

9. RIGHTOFRETENTIONASLIEN

9.1 STCisentitledtoalienoverandtoretainproduct,documentsandmoneyoftheCustomerat
CustomersexpenseandriskuntilanyclaimsbySTCagainsttheCustomerforhowsoeverarising
havebeenpaidinfull.

9.2 All goods, documents and monies which STC has or will have in its possession, for whatever
reasonshallserveaspledgeforitsclaimswhichSTChasand/orwillhaveontheCustomer.

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General Terms & Conditions - August 2011
 9.3 STC is entitled to exercise the aforementioned lien and/or right of retention for any sums the
Customer may still owe STC, whether in relation to the transport of the product or preceding
transportofotherproductfortheCustomer.

10. TIMELIMITSANDLAPSINGOFRIGHTS

10.1 Subject always to the relevant provisions of the HagueVisby Rules and any other applicable
legislation,therighttomakeaclaimagainstSTConthebasisofthiscontractshalllapseunless
theCustomerinitiatesarbitrationwithintwelve(12)monthsafterdeliveryoftheproductorthe
date when the goods should have been delivered. If the arbitration agreement herein is
renderednullandvoid,thentheCustomerisrequiredtocommencelitigationwithinthesame
twelve (12) month period, after the expiry of one year, which term commences on the day
followingthatonwhichtheclaimarose.

11. NOTIFICATIONANDMEDIATIONCLAUSE

11.1 IntheeventofcomplaintorclaimbeingmadeinrespectofanycarriagebySTCdetailsshallbe
giveninthefirstinstancetoSTCslocalagentattheplacewherethegoodsaredeliveredandto
STC,Westerlaan5,3016CKRotterdam,TheNetherlands.Filingaclaimwillnotsatisfythe
timelimitsdescribedintheproceedingarticle.

11.2 STCandtheCustomershallendeavourtoresolveanyclaimamicablybutintheeventthatthisis
not possible then, at the election of either party, the issue may be referred to a mediator in
accordancewiththegoverninglaw.

11.3 TheMediator'staskistoanalyzewiththePartiesthedisputesthathaveariseninorderthatthe
Parties may reach a good faith resolution and mutually confirm the resolution by written
agreement.

11.4 The Mediation procedure is strictly confidential in nature. Parties shall not be bound in any
subsequentcourtproceedingsbyanypositionstakenorstatementsmadeduringthemediation
procedure.

12. GOVERNINGLAWANDJURISDICTION

12.1 Unlessthepartiesagreeotherwise,thecontractshallbegovernedbyEnglishlaw.HoweverU.S.
lawshallapplyifanypartofthecarriageinvolvestheUnitedStates.

12.2 In the event the parties are unable to resolve their differences amicably in accordance with
Clause11,thenunlessthepartiesagreeotherwise,anyandalldisputesbetweentheCustomer
and STC, howsoever arising under, in relation to, or in connection with the contract shall be
referred to and finally resolved by arbitration in London pursuant to the rules of the London
MaritimeArbitratorsAssociation.

12.3 Whenever U.S. law applies, whether by virtue of the carriage of cargo to or from the United
States or otherwise, any dispute arising out of or in connection with this contract shall be
exclusively determined by arbitration in New York, pursuant to the Rules of the Society of
MaritimeArbitrators,Inc.Incaseswhereneithertheclaimnoranycounterclaimexceedsthe
sum of USD50,000 the arbitration shall be conducted in accordance with the Shortened
Arbitration Procedure of the Society of Maritime Arbitrators, Inc. current at the time the
arbitrationproceedingsarecommenced.

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General Terms & Conditions - August 2011
 12.4 IftheapplicablelawmandatesarbitrationinalocationotherthanNewYorkorLondoninthe
circumstancesdescribedabove,theagreementtoarbitrateshallbenullandvoid.

DatedAugust2011

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General Terms & Conditions - August 2011