The Freight Forwarding Agreement is a crucial legal document used when businesses require professional logistics services for their shipping needs. This agreement, governed by Singapore law, defines the relationship between freight forwarders and their clients, establishing clear parameters for services, responsibilities, and liabilities. It incorporates provisions compliant with Singapore's maritime regulations and international shipping conventions, making it particularly suitable for businesses operating in or through Singapore's major logistics hub. The agreement typically includes detailed terms on cargo handling, customs clearance, documentation, insurance requirements, and risk allocation.
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Key Requirements PROMPT example:
Freight Forwarding Agreement
"Need a Freight Forwarding Agreement for our Singapore-based manufacturing company that ships electronic components to Europe and North America, with specific provisions for handling sensitive electronics and temperature-controlled storage requirements."
1. Parties: Identification of the freight forwarder and the customer
2. Background: Context of the agreement and business relationship
3. Definitions: Key terms used throughout the agreement including references to relevant Singapore legislation
4. Services: Detailed description of freight forwarding services to be provided
5. Obligations of the Parties: Responsibilities of both freight forwarder and customer
6. Rates and Payment: Pricing, payment terms, and billing procedures
7. Liability and Insurance: Scope of liability, limitations, and insurance requirements in accordance with Singapore law
8. Term and Termination: Duration of agreement and termination provisions
1. Dangerous Goods: Special provisions for handling dangerous goods in compliance with Singapore regulations
2. Special Handling Requirements: Specific procedures for particular cargo types requiring special attention
3. Force Majeure: Provisions for unforeseen circumstances affecting performance of services
1. Schedule 1 - Schedule of Rates: Detailed pricing structure and charges
2. Schedule 2 - Service Level Agreement: Specific performance metrics and standards
3. Schedule 3 - Insurance Requirements: Detailed insurance specifications and coverage requirements
4. Schedule 4 - Operating Procedures: Standard operating procedures for specific services
5. Schedule 5 - Documentation Requirements: List of required shipping documents and forms under Singapore law
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