Pursuant to Article VII.D. Assignment of the Policy and subject to other terms and conditions set forth in the Policy, it is hereby understood and agreed that any Loss(es) arising from Eligible Shipments insured under this Policy and financed by the Loss Payee shall be adjusted with the Insured. Any resulting amounts payable under this Policy (“Payment”) shall be made payable to the Insured and/or the Loss Payee, with the Payment being sent to the Loss Payee, and any such Payment to the Loss Payee shall discharge all liabilities of the Company to the Insured and Loss Payee with respect to the aforementioned Loss.
In any event, any Payment to the Loss Payee shall be subject to provision of a written appropriate discharge issued by the Insured and Loss Payee specifically releasing and discharging the Company from its liabilities under the Policy.