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Letters of Indemnity

  • Alan Mitchelhill

Abstract

A Letter of Indemnity is a document of both legal and commercial convenience and should always be handled with care. Its purpose in connection with bills of lading is inter alia to enable cargo to be released to a consignee without production of the original endorsed bill or to permit the issue of a duplicate set of documents when the originals have been lost or mislaid in transit. In view of the risk involved in giving delivery of cargo without an original bill of lading or in issuing a duplicate set, the countersignature of a reputable bank is necessary, and an example of the usual form is shown in Appendix Q.

Keywords

Usual Form Adequate Protection Liability Insurance Custom Authority Discharge Port 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Alan Mitchelhill 1990

Authors and Affiliations

  • Alan Mitchelhill

There are no affiliations available

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