Master Agreement For Transportation By Motor Carrier (Page 10 of 16) in pdf

15.

Overcharges And Undercharges. Any action at law by Carrier to recover undercharges hereunder,

or by ArcelorMittal or any ArcelorMittal Company to recover overcharges hereunder, shall be commenced

either (i) within one (1) year after Carrier's receipt of the shipment with respect to which such

undercharge or overcharge is claimed to be due, or (ii) the minimum time required by applicable law,

whichever is longer.

16.

Force Majeure.

The performance of the parties shall be excused to the extent that such

performance is rendered impossible by virtue of acts of war or other disorders, allocations or rationing of

fuel, labor dispute, strike, fires, floods, Acts of God, accidents, unusually severe weather conditions, or

any other cause or contingency beyond the reasonable control of the party affected. Any party affected

shall notify the other party within twenty-four (24) hours of the time it knows or should have known of

such cause or contingency. No such cause or contingency shall result in an extension of the term of this

Agreement. In the event of a labor dispute or strike at any of ArcelorMittal Company facilities or those of

a third party from whom a shipment originates, Carrier agrees to provide the Services provided that

Carrier, its agents or employees are not threatened physically.

17.

Anti-Fraud and Anti-Corruption; Code Of Business Conduct.

(a)

Carrier shall take all necessary steps, in accordance with good industry practice, to

prevent any fraudulent activity by Carrier (including its shareholders, members, directors and

employees) and/or by any of Carrier’s suppliers, agents, Carriers, subcontractors and/or their

employees in connection with the receipt of monies from ArcelorMittal Companies. Carrier shall

notify ArcelorMittal immediately if it has reason to suspect that any fraud has occurred or is

occurring or is likely to occur.

(b)

Carrier shall not offer or give, or agree to give, to any employee, agent, servant or

representative of any ArcelorMittal Company any gift, commission or other consideration of any

kind as an inducement or reward for doing, refraining from doing, or for having done or refrained

from doing, any act in relation to the obtaining or execution of this Agreement or any other

agreement(s) with ArcelorMittal, or for showing or refraining from showing favor or disfavor to any

person in relation to this Agreement or any other agreement(s) with ArcelorMittal Companies.

(c)

Carrier warrants that it has not paid commission, nor has agreed to pay commission to any

employee, agent, servant or representative of any ArcelorMittal Company in connection with this

Agreement or any other agreement(s) with any ArcelorMittal Company.

(d)

Where Carrier or Carrier’s employees, servants, subcontractors, suppliers or agents or

anyone acting on Carrier’s behalf, engages in conduct prohibited by the provisions here above in

relation to any Agreement or any other agreement(s) with an ArcelorMittal Company, ArcelorMittal

shall be entitled to:

(i)

terminate this Agreement and/or said other agreement(s) and recover from Carrier

the amount of any loss suffered by ArcelorMittal Companies resulting from such

termination; or

(ii)

recover in full from Carrier any other loss sustained by ArcelorMittal Companies in

consequence of any breach of these Sections 17(a), (b) and (c) whether or not this

Agreement and/or said other agreement(s) have been terminated.

May 2015

Page 10 of 16

Master Agreement For Transportation By Motor Carrier Page 10

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