THIS
BOND is executed on this day of 20 by A son of Shri Master of the seagoing ship by name and registered with the Shipping Registry No . under the Indian Merchants Shipping
Act, 1958 and I am held and firmly
bound to Shri in the sum of Rs . for which payment will and truly to be made to
the said Shri his successors
and assigns, I hereby bind myself, my heirs, successors, administrators,
executors and legal representatives firmly by these presents
AND
for the further security of the said I the said A do hereby mortgage or
hypothecate to the said Shri the said
ship and her freight, apparel and cargo on board on the said ship and I hereby
declare that the said ship, her freight, apparel and cargo on board are thus
pledged for the security of the money advanced to me by the said and until payment of this bond is made with
interest, the said ship and cargo shall not be pledged or mortgaged by me to
any other person. In witness whereof I have set my hands hereunder
WHEREAS
the above named ship having been compelled to put to anchor in the port for
carrying out repairs and for some accessories, for which the aforesaid amount
is urgently required. AND WHEREAS the owners of the said ship, the shippers and
consignee of the cargo on board of the said ship, having refused to provide the
money required for the said repairs and accessories, I the above named A, the
master of ship, have been compelled to borrow the said money at bottomry and
have received the said sum from the the sum of Rs which sum is to run at
bottomry on the hull and freight of the above named ship from the port of on a
voyage to the port of @ ………% for the voyage.
NOW
THE CONDITION OF THE BOND is that I (A the
said master or my heirs, successors, administrators, executors and legal
representatives, shall pay or cause to be paid to the said Shri his successors and assigns, the sum of Rs .
together with the interest due thereon within 30 days after the safe arrival of
the ship at her port of discharge in the port of or in case the said ship be lost during the said voyage,
then and in such an event this obligation and
pledge shall be void and of no effect,
otherwise it shall remain in full force and effect.
Three
bonds of the same tenor and date have been executed and in case one of which is
accomplished, the others shall be void and of no effect.
Signed,
sealed and delivered at on this day of 20
WITNESSES
1.
2. Signature
of the master
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