Trust Receipt Agreement Template

The Bank`s duly accredited bank or representative is free to repossess the documents or take possession of the goods without reference or consent from us, and to remove the same or part of the place where they were stored in another location that the bank may choose (and the bank and its duly accredited representative have the right to do so. The bank can place them under the tutelage of the one it can choose and dispose of the goods on demand or elsewhere. 15. We undertake to return to the bank a whole series of documents and were, for the transaction from which the bank did not receive the proceeds, at the bank`s first request. The bank or its duly accredited representative is free to repossess any set of documents or to take possession of the goods without reference or consent from us, and to remove the same or part of the place where they were stored in another place that the bank may choose (and the bank and its duly accredited representative have the right to do so. – to enter all premises where it is surrounded or taken to cause such incense or at such a distance) and the bank may place it under the tutelage of persons it can choose and discard the goods by sale or other means, if necessary at such a price or such consideration without our consent and without any reference to us. which, at its sole discretion, is deemed appropriate by the bank. 16. We undertake to insure, at our own expense, all goods against all insurable risks, including fires and floods, in their entirety and against risks related to the sea, and policies and revenues for the Bank and, in the event of loss or deterioration of goods that have been incentivized to be paid to the Bank , immediately or by other means with respect to these losses or damages.