STATE BANK OF INDIA
19 SOUTH LA SALLE STREET
CHICAGO, IL 60603 U.S.A
Phone: (312) 621-1200
Telex: 210223-SBIC UR
Fax: (312) 621-0740

 GENTLEMEN:

COLLECTION NO.	:
CONSIGNORS	:
CONSIGNEES	:
AIRLINE / VESSEL	:
A W B / B/L NO. & DATE	:
QTY. & DESCRIPTION OF GOODS	:
INVOICE VALUE	:

  IN CONSIDERATION OF YOUR ISSUING A LETTER OF INDEMNITY TO MESSRS              FOR RELEASE OF THE ABOVE MERCHANDISE TO OUR ORDER OR TO THE ORDER OF AGENTS DESIGNATED BY US WITHOUT PRODUCTOIN AND SURRENDER OF RELATIVE AIR WAYBILL, WE HEREBY HOLD YOU HARMLESS AND INDEMNIFIED FROM AND AGAINST ANY AND ALL DAMAGES, LOSSES OR CONSEQUENCE WHICH MAY ARISE OR RESULT THEREFROM AND/OR FROM FAILURE OF THE DOCUMENTS TO CONFORM IN ALL RESPECTS TO THE TERMS AND PROVISIONS OF THE RELEVENT LETTER OF CREDIT OR PURCHASE CONTRACT, AND WE UNDERTAKE TO ACCEPT OR PAY AT SIGHT, AS THE CASE MAY BE, DRAFT DRAWN IN THIS RESPECT BY THE CONSIGNORS IMMEDIATELY ON NOTIFICATOIN BY YOU OF RECEIPT OF SUCH  DRAFTS AND RELATIVE DOCUMENTS AS PROVIDED FOR IN THE RELEVENT LETTER OF CREDIT OR PURCHASE CONTRACT. FURTHER, WE ALSO UNDERTAKE TO REIMBURSE YOU UPON DEMAND FOR ANY ALL LOSSES, COSTS AND DAMAGES WHICH YOU MAY AT ANY TIME SUFFER OR SUSTAIN BY REASON OF YOUR HAVING ISSUED THE ABOVE REQUESTED LETTER OF INDEMNITY, REGARDLESS OF ANY OFFSET, COUNTER CLAIMS OR OTHER DEFENSES THERETO WHICH WE MAY OR BE ENTITLED TO ASSERT (ALL OF WHICH OFFSETS, COUNTER CLAIM OF OTHER DEFENSES YOU ARE HEREBY IRRECOCABLY AUTHORIZED IN YOUR DISCRETION TO DISREGARD AND WAIVED AND, UPON YOUR REQUST, TO APPEAR AND DEFED AT OUR, OWN COST AND EXPENSE ANY ACTION WHICH MAY BE COMMENCED AGAINST YOU RELATEIVE TO THE ABOVE LETTER OF INDEMNITY.

 

YOURS TRULY,

  

 

BY

FOR