This article considers the circumstances in which letters of indemnity(LOI) are usually provided and comments on the use of LOI in relation to the delivery of cargo without surrender of original bills of lading,change...This article considers the circumstances in which letters of indemnity(LOI) are usually provided and comments on the use of LOI in relation to the delivery of cargo without surrender of original bills of lading,changes of destination/deviation,the releasing of clean or wrongly dated bills of lading,the use of switch bills of lading and the commingling of cargoes.The article also comments on the circumstances in which the acceptance of LOI is obligatory and the circumstances in which they can be refused even if offered—an issue which is important given the risks which the acceptance of LOI often entails.Lastly,the article comments on various practical issues which should be borne in mind by those giving or accepting LOI.展开更多
文摘This article considers the circumstances in which letters of indemnity(LOI) are usually provided and comments on the use of LOI in relation to the delivery of cargo without surrender of original bills of lading,changes of destination/deviation,the releasing of clean or wrongly dated bills of lading,the use of switch bills of lading and the commingling of cargoes.The article also comments on the circumstances in which the acceptance of LOI is obligatory and the circumstances in which they can be refused even if offered—an issue which is important given the risks which the acceptance of LOI often entails.Lastly,the article comments on various practical issues which should be borne in mind by those giving or accepting LOI.
