Surety Bond 4 : It is a written document promising to pay damages or to indemnify against losses that are caused by the party or parties mentioned in the document, through non-performance or through defalcation
Indian Industry, Directory of Indian Suppliers, Shipping Terms, India 2012. http://www.indianindustry.com/trade-information/sh ipping-terms.html, (Mrtm - Brit) {584}