Trade Compliance, Booking & Quotation Terms and Conditions

A) Booking Remarks

1. Booking is subject to space/equipment availability and carrier approval.
2. Freight payable as agreed (Prepaid/Collect). Cargo shall not be loaded, released, or delivered unless all outstanding charges are fully settled.
3. The booking party shall remain the principal and fully liable party for all freight, charges, liabilities, losses, fines, penalties, damages, and any consequences arising from the shipment, , including but not limited to misdeclaration, cargo discrepancy, customs violations, delays, sanctions exposure, regulatory matters, or operational issues, irrespective of Bill of Lading terms or cargo ownership.
4. Complete and accurate shipping instructions must be submitted within the required timeline. “To Order” Bills of Lading are strictly not accepted. Full shipper, consignee, notify party, commodity, and cargo details are mandatory.
5. Schedules, transit times, and vessel rotations are indicative only. Carrier shall not be liable for delays, omissions, rollover, route deviation, force majeure events, port congestion, war risk, geopolitical situations, or governmental actions, or operational constraints.
6. Shipper remains fully responsible for proper packing, stuffing, securing, weight declaration, and cargo compliance. Any loss, damage, penalty, or consequence arising from improper packing or misdeclaration shall be solely at shipper’s risk and account.
7. Demurrage, detention, storage, port charges, emergency surcharges, war risk surcharges, peak season surcharges, and all applicable local or international charges shall apply as per carrier tariff and/or prevailing market conditions.
8. Carrier reserves the right, without liability, to hold, reject, suspend, amend, or cancel any booking in case of credit issues, operational restrictions, sanctions concerns, compliance risks, governmental instructions, banking restrictions, insurance limitations, or non-compliance with carrier requirements.
9. All parties involved in the shipment expressly warrant and undertake that neither the cargo, shipment, payment flow, nor any related party is subject to sanctions, embargoes, SDN restrictions, or prohibited trade regulations imposed by applicable authorities. Carrier reserves the right to request additional KYC/compliance documents and to refuse any shipment that may expose BOS, its banks, insurers, agents, principals, or affiliates to legal, compliance, sanctions, regulatory, operational, or reputational risks.
10. The booking party, shipper, consignee, cargo owner, and related parties shall jointly and severally indemnify and hold harmless BOS, its management, employees, affiliates, agents, subcontractors, insurers, and principals against any claims, losses, fines, penalties, liabilities, legal actions, banking restrictions, insurance consequences, delays, vessel detention, damages, costs, or expenses arising directly or indirectly from breach of applicable laws, sanctions regulations, compliance obligations, cargo misdeclaration, or inaccurate information related to the shipment.
11. Booking with BOS constitutes full acceptance of all carrier terms, tariffs, and compliance policies. Latest version available at BOS Website.

B) Quotation Remarks

1. Rates are subject to space/equipment availability, carrier acceptance, and operational feasibility.
2. Quotation validity remains subject to revision, withdrawal, or amendment due to market conditions, surcharges, or force majeure events.
3. All applicable surcharges and local charges, including but not limited to War Risk Surcharge (WRS), Emergency Charges, Peak Season Surcharge (PSS), congestion surcharges, storage, demurrage, detention, customs related charges, and terminal charges, shall be for customer’s account unless otherwise expressly stated.
4. Transit times, schedules, and vessel routings are indicative only and are provided without guarantee.
5. The quoting and/or booking party shall remain fully liable for all freight, charges, liabilities, fines, penalties, and any consequences arising from the shipment or related transaction.
6. Acceptance of cargo remains subject to receipt of complete and accurate shipping instructions and supporting documents. “To Order” Bills of Lading are strictly not accepted.
7. Carrier reserves the right, without prior notice or liability, to reject, suspend, amend, cancel, or withdraw the quotation and/or booking due to operational, compliance, sanctions, credit, legal, insurance, banking, or regulatory concerns.
8. All parties involved in the shipment warrant that neither the cargo, shipment, payment flow, nor any related party is subject to sanctions, embargoes, SDN restrictions, or prohibited trade regulations imposed by applicable authorities. BOS reserves the right to request additional compliance/KYC documentation and to reject any transaction that may expose BOS or related parties to compliance, banking, insurance, sanctions, operational, or reputational risks.
9. The customer, booking party, shipper, consignee, cargo owner, and related parties shall indemnify and hold harmless BOS, its management, employees, affiliates, agents, subcontractors, insurers, and principals against any claims, losses, liabilities, penalties, legal proceedings, banking restrictions, insurance consequences, damages, costs, or expenses arising directly or indirectly from sanctions exposure, regulatory violations, cargo misdeclaration, or breach of applicable laws or compliance requirements.
10. Acceptance of this quotation and/or placement of booking constitutes full acceptance of all carrier terms and conditions, tariffs, compliance policies, and amendments issued from time to time. Latest version available at BOS Website.

C) Trade Compliance & Sanctions Policy

1. All shipments, cargo transactions, payments, trade activities, and related services remain subject to applicable laws, sanctions regulations, export controls, banking requirements, insurance restrictions, and governmental regulations imposed by relevant authorities including, but not limited to, the United Nations (UN), OFAC, European Union (EU), United Kingdom (UK), UAE regulations, and other applicable authorities.
2. Certain destinations, cargoes, entities, banks, vessels, commodities, and trade activities may be restricted, prohibited, or subject to prior management and compliance approval due to sanctions exposure, banking limitations, insurance restrictions, geopolitical developments, war-risk exposure, operational limitations, or regulatory requirements.
3. BOS reserves the absolute right, at its sole discretion and without liability, to reject, suspend, cancel, hold, refuse, or terminate any booking, shipment, cargo handling, delivery, documentation, or related service where compliance, sanctions, legal, banking, insurance, operational, reputational, or regulatory concerns may arise.
4. Customers remain fully responsible for the accuracy of all shipping instructions, cargo declarations, documents, payment details, and compliance with all applicable customs, export control, trade, and sanctions regulations.
5. Any misdeclaration, concealment, false statement, cargo diversion, sanctions circumvention attempt, inaccurate documentation, or involvement of restricted parties shall remain solely at the customer’s risk and liability.
6. BOS shall not be liable for delays, cancellations, route deviations, cargo holds, service interruptions, additional charges, or operational changes arising from war, geopolitical developments, sanctions, government actions, force majeure events, port congestion, terminal restrictions, vessel operational limitations, banking restrictions, insurance limitations, or circumstances beyond BOS control.
7. Submission of booking, cargo, shipping instructions, quotation acceptance, use of BOS services, or engagement in any related transaction shall constitute full acceptance of these terms and conditions together with all BOS tariffs, operational procedures, compliance requirements, and amendments issued from time to time.