Date

INTERNATIONAL CONTAINER
TERMINAL SERVICES, INC.
ICTSI Administration Building
South Access Road, Port of Manila

Attention: Name
(Position)

Re: Demand for Replacement Value

Gentlemen:

On behalf of our client, (Company name) we are confirming the

acceptance of your proposal dated 01 February 2019.

With this, (Company name) is accepting the (Amount) for the eleven
(11) damaged containers. Consequently, (Company name) is also abandoning
the ownership and possession of the subject containers in exchange for the
payment of the said amount.

Thank you.

Very truly yours,