Continuity Surety Bond for Transhipment

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....ives) and ................ of..................(hereinafter called "the Surety" which expression shall include his heirs, executors, administrators and legal representatives) are held and firmly bound, jointly and severally, to the President of India (hereinafter called "the Government" which expression shall include his successors and assigns) in the sum of Rs ...................................

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....xecuting such bond as above written agreed to execute the said bond with such conditions as hereunder written.   Now the condition of the above written Bond is  that, if the said authorised carrier shall and will cause the said goods as may be specified in the Arrival/Departure Manifest for such transhipment to be fully and safely transhipped to _____Port/ ICD/ CFS/ SEZ and to be ther....

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.... may be, then the above-written bond shall be void and have no effect otherwise it shall remain in full force and effect.  lt is hereby agreed that any amount that may be due from me/us under this Bond may be recovered in the manner laid down in sub-section (i) of Section 142 of the Customs Act, 1962. And it is hereby declared that any forbearance on the part of the said President of India....