TERMS & CONDITIONS

1. In these Conditions:-
“Company” - VICO Shipping Company trading under these Conditions.
“Person” - Includes persons or any Body or Bodies Corporate.
“The Owner” - Means the Owner of the goods (including any packaging, containers or
equipment) to which any business concluded under these Conditions relates and
any other person who is or may become interested in them.
“Customer” - Means any person at whose request or on whose behalf the Company undertakes
any business or provides advice, information or services.
2(A). Subject to Sub-Paragraph (B) below, all and any activities of the Company in the course of
business whether gratuitous or not are undertaken subject to these Conditions.
(B) If any legislation is compulsorily applicable to any business undertaken, these Conditions shall, as
regards such business, be read as subject to such legislation and nothing in these Conditions shall be
construed as a surrender by the Company of any of its rights or immunities or as an increase of any of
its responsibilities or liabilities under such legislation and if any part of these Conditions be repugnant
to such legislation to any extent such part shall as regards such business be overridden to that extent
and no further.
3 The Customer warrants that he is either the Owner or the authorised Agent of the Owner and also that
he is accepting these Conditions not only for himself but also as Agent for and on behalf of the Owner.
THE COMPANY
4(A) Subject to Clauses 11 and 12 below, the Company shall be entitled to procure any or all of its
services as an Agent or to provide those services as a Principal.
(B) The Company shall on demand by the Customer provide evidence of any Contract entered into as
Agent for the Customer. Insofar as the Company may be in default of this obligation, it shall be
deemed to have contracted with the Customer as a Principal for the performance of the Customer’s
instructions.
5. When the Company contracts as a Principal for any services, it shall have full liberty a) to perform
such services itself or b) to subcontract the whole or any part of such services to third parties (including
the Company’s own parent, subsidiary, or associated companies).
6. When the Company acts as an Agent on behalf of the Customer, the Company shall be entitled (and
the Customer hereby expressly authorises the Company) to enter into all such Contracts on behalf of
the Customer as may be necessary or desirable to fulfill the Customer’s instructions and subject to the
trading conditions of the parties with whom such contracts are made.
7. The Company reserves to itself a reasonable liberty as to the means, route and procedure to be
followed in the handling, storage and transportation of goods.
8(A). Subject to Sub-Clause (B) hereof, the Company shall have a general lien on all goods and
documents relating to goods in its possession, custody or control for all sums due at any time from the
Customer or Owner, and shall be entitled to sell or dispose of such goods or documents as Agent for
and at the expense of the Customer and apply the proceeds in or towards the payment of such sums on
28 days notice in writing to the Customer. Upon accounting to the Customer for any balance remaining
after payment of any sum due to the Company and the costs of sale or disposal the Company shall be
discharged of any liability whatsoever in respect of the goods or documents.
(B) When the goods are liable to perish or deteriorate, the Company's right to sell or dispose of the
goods shall arise immediately upon any sum becoming due to the Company subject only to the
Company taking reasonable steps to bring to the Customer's attention its intention of selling or
disposing of the goods before doing so.
9. The Company shall be entitled to retain and be paid all brokerages, commissions, allowances and
other remunerations customarily retained by or paid to Freight Forwarders.
10(A). If delivery of the goods or any part thereof is not taken by the Customer, Consignee or Owner,
at the time and place when and where the Company is entitled to call upon such person to take delivery
thereof, the Company shall be entitled to store the goods or any part thereof at the sole risk of the
Customer, whereupon the liability of the Company in respect of the goods or that part thereof stored as
aforesaid shall wholly cease and the cost of such storage if paid for or payable by the Company or any
Agent or Sub-Contractor of the Company shall forthwith upon demand be paid by the Customer to the
Company.
(B) The Company shall be entitled at the expense of the Customer to dispose of (by sale or otherwise as
may be reasonable in all the circumstances):-
(i) on 28 days notice in writing to the Customer, or (where the Customer cannot be traced and
reasonable efforts have been made to contact any parties who may reasonably be supposed by the
Company to have any interest in the goods) without notice, any goods which have been held by the
Company for 90 days and which cannot be delivered as instructed; and
(ii) without prior notice, goods which have perished, deteriorated or altered or are in immediate
prospect of doing so in a manner which has caused or may reasonably be expected to cause loss or
damage to the Company or Third Parties or to contravene any applicable laws or regulations.
11(A) No Insurance will be effected except upon express instructions given in writing by the Customer
and all Insurances effected by the Company are subject to the usual exceptions and conditions of the
Policies of the Insurance Company or Underwriters taking the risk. Unless otherwise agreed in writing
the Company shall not be under any obligation to effect a separate Insurance on each consignment but
may declare it on any open or general Policy held by the Company.
(B) Insofar as the Company agrees to effect Insurance, the Company acts solely as Agent for the
Customer. The limits of liability under Clause 27(A)(ii) of these Conditions shall not apply to the
Company’s obligations under Clauses 11(A) and (B).
12(A) Except under special arrangements previously made in writing or under the terms of a printed
document signed by the Company, any instructions relating to the delivery or release of goods in
specified circumstances only, such as (but without prejudice to the generality of this Clause) against
payment or against surrender of a particular document, are accepted by the Company where the
Company has to engage third parties to effect compliance with the instructions, only as Agents for the
Customer.
(B) The Company shall not be under any liability in respect of such arrangements as are referred to
under Sub-Clause (A) hereof save where such arrangements are made in writing.
(C) In any event, the Company’s liability in respect of the performance or arranging the performance of
such instructions shall not exceed the limits set out in Clause 27(A) (ii) of these Conditions.
13 Advice and information, in whatever form it may be given, is provided by the Company for the
Customer only and the Customer shall not pass such advice or information to any Third Party without
the Company’s written agreement . The Customer shall indemnify the Company against all loss and
damage suffered as a consequence of any breach of this Condition by the Customer.
14(A) Except under special arrangement previously made in writing the Company will not accept or
deal with bullion, coin, precious stones, jewellery, valuables, antiques, pictures, human remains,
livestock, pets or plants. Should any Customer nevertheless deliver any such goods to the Company
or cause the Company to handle or deal with any such goods otherwise than under special
arrangements previously made in writing the Company shall be under no liability whatsoever for or in
connection with such goods howsoever arising.
(B) The Company may at any time waive its rights and exemptions from liability under Sub-Clause (A)
above in respect of any one or more of the categories of goods mentioned herein or of any part of any
category. If such waiver is not in writing, the onus of proving such waiver shall be on the Customer.
15. Except following instructions previously received in writing and accepted by the Company, the
Company will not accept or deal with goods of a dangerous or damaging nature, nor with goods likely
to harbour or encourage vermin or other pests, nor with goods liable to taint or affect other goods. If
such goods are accepted pursuant to a special arrangement and then in the opinion of the Company they
constitute a risk to other goods, property, life or health, the Company shall where reasonably
practicable contact the Customer, but reserves the right at the expense of the Customer to remove or
otherwise deal with the goods.
16. Where there is a choice of rates according to the extent or degree of the liability assumed by
carriers, warehousemen or others, no declaration of value where optional will be made except under
special arrangements previously made in writing.
THE CUSTOMER
17. The Customer warrants:
(A) that the description and particulars of any goods furnished by or on behalf of the Customer are full
and accurate.
(B) that all goods have been properly and sufficiently prepared, packed, stowed, labelled and/or marked,
and that the preparation, packing, stowage, labelling and marking are appropriate to any operations or
transactions affecting the goods and the characteristics of the goods.
(C) that where the Company receives the goods from the Customer already stowed in or on a container,
trailer, tanker, or any other device specifically constructed for the carriage of goods by land, sea or air
(each hereafter individually referred to as “the transport unit” ), the transport unit is in good condition,
and is suitable for the carriage to the intended destination of the goods loaded therein or thereon.
18. Should the Customer otherwise than under special arrangements previously made in writing as set
out in Clause 15 above deliver to the Company or cause the Company to deal with or handle goods of a
dangerous or damaging nature, or goods likely to harbour or encourage vermin or other pests, or goods
liable to taint or affect other goods, he shall be liable for all loss or damage arising in connection with
such goods and shall indemnify the Company against all penalties, claims, damages, costs and
expenses whatsoever arising in connection therewith, and the goods may be dealt with in such manner
as the Company or any other person in whose custody they may be at any relevant time shall think fit.
19. The Customer undertakes that no claim shall be made against any Director, Servant, or Employee
of the Company which imposes or attempts to impose upon them any liability in connection with any
services which are the subject of these Conditions and if any such claim should nevertheless be made,
to indemnify the Company against all consequences thereof.
20. The Customer shall save harmless and keep the Company indemnified from and against:-
(A) All liability, loss, damage, costs and expenses whatsoever (including without prejudice to the
generality of the foregoing, all duties, taxes, imposts, levies, deposits and outlays of whatsoever nature
levied by any authority in relation to the goods) arising out of the Company acting in accordance with
the Customer's instructions or arising from any breach by the Customer of any Warranty contained in
these Conditions or from the negligence of the Customer, and
(B) Without derogation from Sub-Clause (A) above, any liability assumed or incurred by the Company
when by reason of carrying out the Customer's instructions the Company has reasonably become liable
or may become liable to any other party, and
(C) All claims, costs and demands whatsoever and by whomsoever made or preferred in excess of the
liability of the Company under the terms of these Conditions regardless whether such claims, costs and
demands arise from or in connection with the negligence or breach of duty of the Company, its
Servants, Sub-Contractors or Agents, and
(D) Any claims of a General Average nature which may be made on the Company.
21(A) The Customer shall pay to the Company in cash or as otherwise agreed all sums immediately
when due without reduction or deferment on account of any claim, counterclaim or set-off.
(B) In respect of all sums which are overdue, the customer shall be Liable to pay to the Company
interest calculated at 8% above the Prevailing base rate of the London clearing banks.
22. Despite the acceptance by the Company of instructions to collect freight, duties, charges or other
expenses from the Consignee or any other person the Customer shall remain responsible for such
freight, duties, charges or expenses on receipt of evidence of proper demand and in the absence of
evidence of payment (for whatever reason) by such Consignee or other person when due.
23. Where liability for General Average arises in connection with the goods, the Customer shall
promptly provide security to the Company or to any other party designated by the Company in a form
acceptable to the Company.
LIABILITY AND LIMITATION
24. The Company shall perform its duties with a reasonable degree of care, diligence, skill and
judgement.
25. The Company shall be relieved of liability for any loss or damage if and to the extent that such loss
or damage is caused by:-
(A) strike, lock-out, stoppage or restraint of labour, the consequences of which the Company is unable
to avoid by the exercise of reasonable diligence;
(B) any cause or event which the Company is unable to avoid and the consequences whereof the
Company is unable to prevent by the exercise of reasonable diligence.
26. Except under special arrangements previously made in writing the Company accepts no
responsibility for departure or arrival dates of goods.
27(A) Subject to clause 2(B) and 11(B) above and sub-clause (D) below the Company’s liability
howsoever arising and notwithstanding that the cause of loss or damage be unexplained shall not
exceed
(i) in the case of claims for loss or damage to goods: (a) the value of any goods lost or damaged, or (b)
a sum at the rate of two Special Drawing Rights as defined by the International Monetary Fund
(hereinafter referred to as SDR’s), per kilo of the gross weight of any goods lost or damaged whichever
shall be the least.
(ii) in the case of all other claims:
(a) the value of the goods the subject of the relevant transaction between the Company and its
Customer, or (b) a sum at the rate of two SDR’s per kilo of the gross weight of the goods the subject of
the said transaction, or (c) 75,000 SDR’s in respect of any one transaction whichever shall be the least.
For the purposes of Clause 27(A) the value of the goods shall be their value when they were or should
have been shipped. The value of SDR’s shall be calculated as at the date when the claim is received
by the Company in writing.
(B) Subject to Clause 2(B) above, and Sub-Clause (D) below, the Company’s liability for loss or
damage as a result of failure to deliver or arrange delivery of goods in a reasonable time or (where
there is a special arrangement under Clause 26) to adhere to agreed departure or arrival dates shall not
in any circumstances whatever exceed a sum equal to twice the amount of the Company’s charges in
respect of the relevant transaction.
(C) Save in respect of such loss or damage as is referred to at Sub-Clause (B) and subject to Clause 2(B)
above and Sub-Clause (D) below, the Company shall not in any circumstances whatsoever be liable for
indirect or consequential loss such as (but not limited to) loss of profit, loss of market or the
consequences of delay or deviation however caused.
(D) By special arrangement agreed in writing, the Company may accept liability in excess of the limits
set out in Sub-Clauses (A) to (C) above upon the Customer agreeing to pay the Company’s additional
charges for accepting such increased liability. Details of the Company’s additional charges will be
provided upon request.
28(A) Any claim by the Customer against the Company arising in respect of any service provided for
the Customer or which the Company has undertaken to provide shall be made in writing and notified to
the Company within 14 days of the date upon which the Customer became or should have become
aware of any event or occurrence alleged to give rise to such claim and any claim not made and
notified as aforesaid shall be deemed to be waived and absolutely barred except where the Customer
can show that it was impossible for him to comply with this Time Limit and that he has made the claim
as soon as it was reasonably possible for him to do so.
(B) Notwithstanding the provisions of Sub-Paragraph (A) above the Company shall in any event be
discharged of all liability whatsoever howsoever arising in respect of any service provided for the
Customer or which the Company has undertaken to provide unless suit be brought and written notice
thereof given to the Company within nine months from the date of the event or occurrence alleged to
give rise to a cause of action against the Company.
JURISDICTION AND LAW
29. These Conditions and any act or contract to which they apply shall be governed by English Law
and any dispute arising out of any act or contract to which these Conditions apply shall be subject to
the exclusive jurisdiction of the Hong Kong Courts.
The End