Settlement Agreement

Ref.: Name of Vessel-Voy.;

Description of cargo;

Master B/L number; LCL B/L number;

POL-POD

Alleged [describe type of damage/loss].

To: Shipper/Consignee (Claimant)

At.: Mr _________

Dear Sir,

We refer to previous correspondence by reason of the above captioned matter.

As agreed between LCL and your Company, we have arranged for the transfer of USD [Settlement amount] to your bank account, as full and final settlement for your claim.

This payment is entirely without prejudice, and not construed to be an admission of liability of any kind.

We kindly ask you to confirm your receipt of the funds by signing and returning the attached release form.

Yours sincerely,

Date: [Insert date]