Nahar Company

LETTER OF SUBROGATION
NATIONAL INSURANCE COMPANY

In consideration of your paying to us a sum of Rs.................say Rupees……………………………… in
respect of loss/damage to the under mentioned goods insured under Policy
no………………………………….. & or Certificate /Declaration No……………………………….. Issued by
National Insurance Co. Ltd. We hereby assign, transfer and abandon to you all our actionable
rights, title and interest in and to the said goods and proceeds thereof to the extent provided
by law) and all rights and remedies against Railway Administration and / or Sea Carriers and /of
Port Authorities and / or person or persons whosoever is liable in respect thereof.
We, hereby guarantee that we are the persons entitled to enforce the terms of contracts of
transportation set forth in the bill of lading and / or Railway receipts and/or any other
documents of evidencing the contract of transportations or bailment relating to and covering
the property described below for transportation or of or bailment.
And, we hereby subrogate to you the same rights and remedies that we have in consequence of
or arising from loss damage the under mentioned goods and we further hereby grant to you full
power to ask and use lawful ways and means to recover the said loss/ damage from whom if
may concern.
And we also hereby authorize you to use our name in any action or proceedings that you may
bring either in your own name or in our name in relation to any of the matter hereby assigned,
transferred and/or abandoned to you and we undertake for ourselves to assist and concur in
any matters of proceedings which you deem expedient or necessary in any such action or
proceeding and to execute all deeds assignments and/or documents including any and all
pleasing and releases which may be necessary therefore and generally to assist therein by
means in our power.
We hereby appoint you/your officers and agents and their successors severally your agents and
attorney-in-fact with irrevocable power to collect any and all such claims and to begin,
prosecute.
compromise arbitrate or withdraw either in our name or in your name but at your expense of
any and all legal proceeding which you may deem necessary to enforce such claim or claims
including proceeding before any international tribunal to execute in our name and document
which may be necessary to carry into effect the purpose of this agreement.
We further undertake if called upon by you to do so ourselves to institute any such action
proceedings that you may direct on your behalf; being understood that you are to indemnify us
any other persons whose names may necessarily be used against any cost, charges or expense
which may be incurred in respect of any action of proceeding that may be taken by virtue of
this agreement.
The payment receipted for herein is accepted within the understanding that the said payment
shall no incur to the benefit of any carrier or ballee under the provision of any contract of
carriage or otherwise that in making the said payment underwrite does not waive any rights or
subrogation of otherwise against any carrier or ballee and acceptance of this receipt shall not
prejudice take away rights remedies with the said underwriter would otherwise have by virtue
of such payment.
We further agree that any moneys collected from any carriers, Port Authorities or any person
persons shall be your property and if received in the first instance by the undersigned we
undertake make over to you immediately the amount so received.
We hereby further agree that in the event of the lost packages and/or contents thereof
subsequent being traced, we undertake to accept and take delivery of the same and the same
and the claim should then be readjusted on the correct basis of the then loss/damage as in the
even of any refund prov. to be due to the underwriter we undertake on demand to make such
refund to you.
As witness, we put our hand this………………………. Day………………

Signature:……………………………….
Witness:
Address:
Cause of loss: ………………………….
B/L R.R. OR C.N.NO. DATE:
……………….
Particulars of consignment:
NAHAR POLY FILMS LIMITED MANDIDEEP
NATIONAL INSURANCE COMPANY LTD BHOPAL

Nahar Company

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LETTER OF SUBROGATION

NATIONAL INSURANCE COMPANY

As witness, we put our hand this………………………. Day………………

NAHAR POLY FILMS LIMITED MANDIDEEP

NATIONAL INSURANCE COMPANY LTD BHOPAL

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