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#### Blackstone Landside
A Blackstone Shipping Group Venture
Terms & Conditions of Warehouse Operations

#### General

All rates are based on standard working hours from Monday to Friday, 07h00 - 17h00 hours. All rates are subject to the current market situation (gas/energy/labour/availability of required raw materials). In the event that these situations change, Blackstone Shipping reserves the right to amend the rates. Fuel Surcharge will be adjusted every month, based on the fuel rate of prior month. Customers are required to apply for at least 14 calendar days of combined free time (demurrage, detention, or storage); for high-volume arrivals, customers are requested to apply for 21 calendar days of free time. The Customer guarantees to Blackstone Shipping that Blackstone Shipping will not bear any responsibility for demurrage and detention costs in the event of a shorter free time period. Yearly indexation (on 1st of January) based on Belgian CPI/ITLB, based on the following formula:

New tariff = Base tariff x New Index/Base Index

- 'Base tariff' = the rate specified in this offer
- 'Base Index' = the CPI/ITLB index of [MONTH YEAR]
- 'New Index' = CPI/ITLB index of December of the year prior to the year in which the indexation applies Yearly indexation (on 1st of January) for other countries will be informed to customers in advance.

##### Cargo Insurance

All cargoes while in the warehouse or transit, to be insured in full by the cargo owners without recourse to Blackstone Shipping, the Warehouse operator and the transporter involved. The warehouse will cover cargo liability only to the extent specified in the respective association's and/or CMR terms and conditions.

##### Payment & Offer Terms

Payment Terms: 30 days from date of the invoice, unless agreed otherwise. Our invoices are sent by email in PDF. An extra administration fee shall be due if the customer requests invoicing through another medium. Yearly Index: Belgian Consumer Price Index / ITLB; Yearly indexation (on 1st of January) for other countries will be informed to customers in advance.

##### Sanctions Claus

Customer represents, warrants and undertakes to Blackstone Shipping that.

- Neither it nor any of its subsidiaries (collectively "the company") or directors, senior executives or officers, or to the knowledge of the company, any person on whose behalf the company is acting in connection with the contract, is an individual or entity ("person") that is, or is 50% or more owned or controlled by, a person (or persons) that is the subject of any economic or financial sanctions or trade embargoes adminsterd or enforced by the U.S. department of treasury's office of Foreign Asset Control (OFAC) the U.S. Departments of State or Commerce, the United Nations Security Council (UNSC), the European Union (EU), Switzerlandor otherapplicable sanciton authority (collectively, "Sanctions") or based, organized or resident in a country or territory that is the subject of comprehensive (ie, country-wide or territory-wide) sanctions (including, as of date of signature of this contract, crimea, cuba, iran, north korea and syria) (a "Sanctioned Country") (collectively, a "Sanctioned Person");
- No sanctioned person has any beneficial or other property interest in the contract nor will have any participation in or derive any other financial or economic benefit from the contract;
- It will not use or make available, the material or funds (as applicable) provided by Blackstone Shipping in terms of the contract to fund or facilitate any activities or business of, with or related to any sanctioned country or sanctioned person or in any manner that would result in a violation of sanctions. If Blackstone Shipping is of the reasonable opinion that the customer has breached this clause, Blackstone Shipping may (without incurring any liability of any nature to customer whatsoever) terminate or suspend all or any part of the contract with immediate effect by notice to the customer or take any other action it deems necessary in order for Blackstone Shipping to comply with applicable sanctions. The customer shall be liable for any and all costs, laibilities and expenses whatsoever incurred by Blackstone Shipping due to Blackstone Shipping exercising its rights under this clause. Any exercise by Blackstone Shipping of its rights under this clause shall be without prejudice to any other rights or remedies of Blackstone Shipping under the contract.
- Customer repesents and warrents that that material has not originated or comefrom or through any sanctioned country and shall procure that the material will not in future come from or through any sanctioned country.

##### Compliance Clause

Customer warrents, represents and undertakes to Blackstone Shipping that it will comply with all applicable laws, rules & regulations including wihtout limitation sanctions & anti-corruption;

##### Genral Terms & Conditions

This offer is subject to Blackstone Shipping General Standard Terms and Conditions (GSTC) a copy of which is available upon request or at www.blackstoneshipping.com as per links below. The GSTC apply to this offer and any final agreement and contains provisions which limit Blackstone Shipping's legal liability;

#### Terms and Conditions

This offer is subject to satisfactory completion by Blackstone Shipping of its customers Due Diligence. Blackstone Shipping reserves the right to withdraw this offer at any time in the event due diligence is not completed to its satisfaction. Without prejudice to the applicability of all conditions outlined in the GSTC, please note that Blackstone Shipping does not insure the Goods. A copy of shipping documents must be sent and pre-advised at least 7 working days prior to the estimated time of arrival of the vessel. Original shipping documents shall be received at least 5 working days prior to the estimated time of arrival of the vessel in order to avoid port demurrage and/detention charges.

In the event of export, the specified vessel shall be nominated and informed to Blackstone Shipping for acceptance within 14 days of the scheduled shipment.

All charges stated in a foreign currency are converted to Blackstone Shipping’s preferred currency according to the day-to-day exchange rates. errors and omissions excepted.