Year: 2017 Language: English Author: Stephen Mills, Ben Roberts Genre: Guide Publisher: North of England P&I Edition: 2nd ISBN: 978 0 9574936 1 2 Format: PDF Quality: eBook Pages count: 58 Description: LOSS PREVENTION AND LETTERS OF INDEMNITY In 1998 The North of England P&I Association published a loss prevention guide to bills of lading entitled Bills of Lading – A Guide to Good Practice by Stephen Mills. The second edition was published in 2005 and the third edition in 2014. The aim of the guide is to assist ship’s officers, operators and managers, as well as those advising them, on the problems and practical issues surrounding the everyday use of bills of lading and also to identify the legal principles and standards against which the use of that document would be judged. However, the cry of many involved in international trade is that the ‘real world’ is a different place. Whereas the law expects that the documentary aspects of international sale transactions will comply with long-established principles and standards, those engaged in international trade may sometimes find those principles and standards difficult, if not impossible, to apply or achieve in each and every transaction. In their hour of need they often look to letters of indemnity. In recognition of the widespread use of letters of indemnity in international trade and shipping in conjunction with, and sometimes in substitution for, bills of lading, an accompanying guide to Bills of Lading – A Guide to Good Practice, was published in 2008. This provided commentary on the common types of letter of indemnity, the reasons they are used, the pitfalls, and risks, and some of the legal and insurance issues which arise out of their use. This is the second edition of that guide, having been fully reviewed and updated for 2017. Additional info: ELECTRONIC VERSION GUIDE TO USING ELECTRONIC VERSION 1. All book sections, headings and subheadings appear as bookmarks in the lefthand navigation pane. Use this as your primary navigation. 2. Use the reader search window to search for a specific word or phrase in the text. 3. All text which refers to another part of the book is linked to the relevant page, indicated by cursor changes. Click to go there, and use the previous view button in your reader or browser to go back. 4. Some words or phrases are linked to further information in other parts of the book, indicated by cursor changes. Click to go there, and use your previous view button to go back. 5. Names of organisations and publications may include links to their websites, indicated by cursor changes. Click to go to the website via your browser.
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Letters Of Indemnity A Guide To Good Practice
Language: English
Author: Stephen Mills, Ben Roberts
Genre: Guide
Publisher: North of England P&I
Edition: 2nd
ISBN: 978 0 9574936 1 2
Format: PDF
Quality: eBook
Pages count: 58
Description: LOSS PREVENTION AND LETTERS OF INDEMNITY
In 1998 The North of England P&I Association published a loss prevention guide to bills of lading entitled Bills of Lading – A Guide to Good Practice by Stephen Mills. The second edition was published in 2005 and the third edition in 2014. The aim of the guide is to assist ship’s officers, operators and managers, as well as those advising them, on the problems and practical issues surrounding the everyday use of bills of lading and also to identify the legal principles and standards against which the use of that document would be judged.
However, the cry of many involved in international trade is that the ‘real world’ is a different place. Whereas the law expects that the documentary aspects of international sale transactions will comply with long-established principles and standards, those engaged in international trade may sometimes find those principles and standards difficult, if not impossible, to apply or achieve in each and every transaction. In their hour of need they often look to letters of indemnity.
In recognition of the widespread use of letters of indemnity in international trade and shipping in conjunction with, and sometimes in substitution for, bills of lading, an accompanying guide to Bills of Lading – A Guide to Good Practice, was published in 2008. This provided commentary on the common types of letter of indemnity, the reasons they are used, the pitfalls, and risks, and some of the legal and insurance issues which arise out of their use. This is the second edition of that guide, having been fully reviewed and updated for 2017.
Additional info: ELECTRONIC VERSION
GUIDE TO USING ELECTRONIC VERSION
1. All book sections, headings and subheadings appear as bookmarks in the lefthand navigation pane. Use this as your primary navigation.
2. Use the reader search window to search for a specific word or phrase in the text.
3. All text which refers to another part of the book is linked to the relevant page, indicated by cursor changes. Click to go there, and use the previous view button in your reader or browser to go back.
4. Some words or phrases are linked to further information in other parts of the book, indicated by cursor changes. Click to go there, and use your previous view button to go back.
5. Names of organisations and publications may include links to their websites, indicated by cursor changes. Click to go to the website via your browser.
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