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GENERAL LETTER OF UNDERTAKING FOR THE ISSUE AND USE OF SEAWALLS To be given by a Merchant (Shipper) prior to the issuance of a Nonnegotiable Sea Waybill in order to deliver cargo to a party nominated

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What is general letter of undertaking?

A general letter of undertaking is a legal document used to guarantee a certain level of performance or to assure payment in case of default.

Who is required to file general letter of undertaking?

Any party entering into a contract where there is a need for assurance of performance or payment may be required to file a general letter of undertaking.

How to fill out general letter of undertaking?

To fill out a general letter of undertaking, one must include details of the parties involved, the purpose of the undertaking, the amount or nature of the obligation, and the conditions under which the undertaking will be triggered.

What is the purpose of general letter of undertaking?

The purpose of a general letter of undertaking is to provide assurance to the recipient that certain obligations will be met or that compensation will be provided in case of default.

What information must be reported on general letter of undertaking?

The information that must be reported on a general letter of undertaking includes details of the parties involved, the nature of the obligation, the conditions for triggering the undertaking, and any relevant terms and conditions.

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