WE HEREBY UNDERTAKE AND AGREE TO PAY ON DEMAND ANY CLAIM THAT MAY
ARISE ON THE ABOVE SHIPMENT, AND GUARANTEE TO HOLD YOU AND / OR THE
OWNERS OF THE VESSEL FREE FROM ALL RESPONSIBILITIES AND TO INDEMNIFY
YOU AND / OR THE OWNERS OF THE VESSEL AGAINST ALL CONSEQUENCES THAT
MAY ARISE FROM YOUR SO DOING.
FURTHER, SHOULD ANY CLAIM ARISE IN RESPECT OF THESE GOODS, WE HEREBY
AUTHORISE YOU AND / OR THE OWNERS OF THE VESSEL TO DISCLOSE THIS LETTER
OF INDEMNITY TO THE UNDERWRITERS CONCERNED.