TERMS AND CONDITIONS

Travel Insurance

Barclays PLC 2020 UK

TERMS AND CONDITIONS
In these terms and conditions, "you" and "your" mean Barclays Bank PLC and "I", "we", "me", "us" and
"our" mean the Candidate as identified herein (including , without limitation, any person authorized
by the applicant to give instructions on the applicant's account). In return for your commitment to the
Beneficiary, either directly or through an advising or designated bank, that you will respect the drafts
and / or other documents detailed herein which appear to constitute a compliant presentation, I
accept / We accept / We hereby accept the following terms and conditions:

1. I / We agree that the Credit and all drawings hereunder are subject to the terms of any agreement
and indemnity relating to the issuance of Credits entered into with you. In the event of any conflict
between the terms of any such document and the terms contained in this document, those terms shall
prevail.

2. I authorize you / We authorize you to accept / we authorize to accept projects and / or assume
responsibility for deferred payment (if any) or otherwise honor the credit in accordance with the terms
of the credit.

3. I / We / We hereby expressly and irrevocably authorize you, without further notice, to debit the
above account (or any other account that I / We may have with you) for all disbursements, including
including, without limitation, the fees, commissions and / or other expenses as well as those of your
correspondents and / or agents as the case may be as they fall due either (i) on the date of each
presentation where the (s) draft (s) are drawn on sight or when there are no draft (s) and the credit is
payable on demand, or (ii) at maturity with regard to the draft (s) accepted or on the due date with
regard to the deferred payment (s),in which case I / we hereby irrevocably undertake to provide you
with funds no later than three (3) business days prior to maturity, unless you have already received
funds for this purpose.

4. In the event that credit settlement instructions are not available or have not been timely provided
to you by me / us, you may, in your sole and absolute discretion, pay and / or settle (where applicable
applicable) credit upon presentation of your account and subsequently recover all costs, expenses,
including, without limitation, commissions or charges by debiting my / our account as set out above.

5. I / We / We agree to indemnify, defend and hold each of you and your representatives, successors
and assigns harmless from and against all actions, suits, proceedings, costs, including legal costs and
expenses. ) claims, demands, charges, expenses, losses and liabilities which you or your
representatives, successors and assigns may incur, suffer or bear directly or indirectly as a result of, or
by reason of or in connection with (i) this Credit ( including, without limitation, any modification
thereof); (ii) all confirmations provided by any correspondent and / or the provision relating to the
direct reimbursement facility.

6. I / We acknowledge and agree that neither you nor any of your correspondents will be responsible
for, and neither your powers and / or rights hereunder, nor my / our obligations will be affected by: (i)
any act or omission under my / our instructions; (ii) any other act or omission on your part or on the
part of your correspondents or each of your respective agents or employees other than those resulting
from his or their gross or willful misconduct; (iii) the validity, accuracy or authenticity of any drafts,
documents or statements, even if such drafts, documents or statements should in fact turn out to be

Barclays PLC 2020 UK

wholly or totally invalid, inaccurate, fraudulent or falsified (and notwithstanding the fact that I / We
will have informed you);

(v) errors, omissions, interruptions or delays in the transmission or delivery of any communication
whatsoever; (vi) any act, default, omission, insolvency or failure in the affairs of any other person
(including any correspondent) or any consequence arising from causes beyond your control; or (vii)
any act or omission of any beneficiary of the Credit or assignee of the Credit

if transferable.

7. Where drafts are drawn in a currency other than Europe and the dollar, your redemption request
by me / us will be calculated, unless otherwise agreed in advance, at your selling exchange rate for the
currency concerned, from day you make payment or receive advice from one of your branches or
correspondents that the payment has been made. Interest, if any, is payable by me / us from the date
of payment by you, your branches or correspondents until the redemption currency is available to you,
and the currency risks are at your disposal. charge of my / our account.

8. When the Beneficiary is not required to provide an insurance document, I / We undertake to take
out such insurance and to provide you with the corresponding policy and / or certificates on request.
In the event that such insurance is not arranged to your satisfaction, you are hereby authorized to
purchase such insurance at my / our sole expense and expense.

9. The related shipping documents as and when you have received them must be delivered to me / us
provided that all monies, costs, expenses and interest owed by me / us on account of the credit have
been paid in full. In the event that I / we do not pay, the relative shipping documents and the goods
depicted should be made available to you and at your discretion and you are authorized to sell the
goods and I / we undertake to pay upon request the amount of any shortfall on such sale.

10. In the event that the credit is not drawn, I / we will be liable to you for all charges, including without
limitation correspondent charges.

11. Unless expressly stipulated in the request, the Credit will not be transferable. If you are asked to
transfer credit, you will not be required to do so until all transfer fees and other charges that you may
specify from time to time are paid.

12. I / We acknowledge and agree that you may use the services of any of your agents to undertake all
or part of the processing (including reissue) of the Credit. I / We hereby acknowledge and agree that
you may, in your sole and absolute discretion, provide your agents, including, without limitation,
correspondents, information about me / us and / or my / our account relationship with you, with the
understanding that the entity to which this information is disclosed, will keep all such disclosed
information confidential.

13. I / We represent and warrant that, to the best of my / our / our / our knowledge and belief, (i)
neither the Recipient nor the suppliers of the products described herein are subject to a boycott or
blacklist, and the Credit terms do not contravene any regulations issued with regard to any country
subject to the boycott.

14. I / We agree that if, due to an interruption in communications or for any other reason, you are
unable to determine to what extent the Recipient has benefited from the Credit, I / We will not shall
not have the right to demand the release of any prepayment and / or guarantee or to demand to be

Barclays PLC 2020 UK

discharged from any obligation unless and until such reasons, difficulties, obstacles or obstruction
have, to your sole and absolute opinion, ceased to exist and until the settlement of accounts has taken
place to your satisfaction.

15. In consideration for your acceptance to issue the credit, I / we will provide to you / we, at your
request, any guarantee, pledge, charge or other guarantee (the “guarantee”), in the form and
substance which will satisfy you. All such guarantees given by me / us to you as security for the issuance
of the credit will be retained by you as an ongoing security for the payment of all amounts due
hereunder and the performance of all obligations hereunder.

16. I / We agree that you may at any time or from time to time, in your sole and absolute discretion,
agree with me / us (i) to further finance or refinance any transaction under the Credit; (ii) renew,
extend or modify the payment period or the mode, place or terms of payment of any of the obligations;
(iii) settle or compromise any obligation or make payment thereof conditional on payment of any other
debt or claim against me / us; (iv) release me / us or any other person providing security or modify the
conditions under which that security is held, or waive any right or modify or amend in any way these
terms and conditions or the credit, or give a waiver or consent under these terms and conditions, all
in such manner and on conditions as you deem appropriate and without further consent from me / us.
In such event, I / We agree to remain bound by these terms and conditions and the obligations under
these terms and conditions will be continuing obligations with respect to any transaction so financed
or refinanced.

17. I agree / We agree that you may restrict trading under this credit to your own offices or to any
correspondent you choose, unless otherwise agreed.

18. I / We agree that in the event of default in payment of any money or sums owed to you hereunder
in connection with the credit, you shall, in your sole and absolute discretion, be entitled without
further consent to , or prior notice to, me / us: (i) to sell the goods in the manner you consider
appropriate, and the proceeds of such sale shall be applied towards payment of all monies that I / we
owe to you and any and all monies that you may have had to pay for freight, insurance or other charges
or duties on the goods and any costs associated with that sale. I agree / We agree to pay the amount
of any shortfall on this sale upon request; or (ii) to apply (subject to its terms) any Guarantee which
may have been provided to you in connection with the Credit; or (iii) to combine or consolidate any of
my / our account (s) with you and to apply any amount to the credit of it or to fulfill any obligations
and liabilities that I / us to you; or

(iv) to set off any of my / our obligations and liabilities to you in such manner as you deem appropriate
against any amount from time to time credited to any of my / our accounts in any of your branches
anywhere in the world and in any currency and / or against the net proceeds or the sale of assets sold
in execution of any Security and / or against any other obligation you owe to me / us (that whether or
not it is due), regardless of the currency, the place of payment or reservation office of such an amount
or obligation. When a combination, consolidation or compensation referred to in paragraphs (iii) and
(iv) above requires the conversion from one currency to another,

19. I / We acknowledge and agree that your obligation to accept the credit and / or make payments
under it will become effective as soon as you are satisfied that all documents presented under the
credit (that these are negotiated or not) in accordance with the credit conditions.

Barclays PLC 2020 UK

20. I / We acknowledge and agree that in the event that I / We take possession of the goods before
you have received all documents and such documents that you provide to me / us, I will waive / We
will irrevocably lose all rights . to refuse such documents because they do not comply with the terms
and conditions of the Credit.

21. At the request of the Recipient, the issuing bank may, in its sole and absolute discretion, discount
acceptance of the import invoice (under L / C use) and pay on sight to the Recipient.

22. I / We hereby irrevocably authorize you to return the transaction contemplated herein (including,
without limitation, all shipping documents) to a third party for verification and / or authentication and
to seek advice regarding any document. that is submitted to you.

23. In making the decisions contemplated herein, you may make such estimates, assumptions,
allowances and the like that you in good faith deem appropriate. I / We acknowledge and agree that
your decisions hereunder will be final and binding and conclusive on me / us.

24. I / We hereby acknowledge and accept that in the event that I / We take possession of the goods
before you have received all documents and such documents that you / us give to me. I / We will
irrevocably waive any right to refuse these documents for non-compliance with the terms and
conditions of the Credit.

25. These terms and conditions and all contracts, documents or bills of exchange arising therefrom
shall be governed by and construed in accordance with the Federal Laws of the United Kingdom and I
/ we hereby submit to the non-exclusive jurisdiction of the courts of the United Kingdom in which is
located branch (as stated above), provided that such submission does not affect your right to sue me
/ us in any other jurisdiction.

26. Unless the context otherwise requires, terms used in UCP 600 and ISP 98 (as modified or revised
from time to time) have the same meaning when used herein.

Barclays PLC 2020 UK