Barakuda ® 04-Jan-2020 00:45

Letters Of Indemnity A Guide To Good Practice


Year: 2017
Language: english
Author: Stephen Mills, Ben Roberts and The North of England P&I Association
Genre: Guide
Publisher: The North of England P&I Association
Edition: 2
ISBN: 978 0 9574936 1 2
Format: PDF
Quality: eBook
Pages count: 73
Description: This unique guide explains how to avoid disputes and problems
arising from the use of letters of indemnity. The law expects that the
documentary aspects of international sale transactions will comply
with long-established principles and standards. However, those
engaged in international trade may find those principles and standards
difficult to achieve in every transaction, and look to letters of indemnity
instead. Rightly or wrongly, letters of indemnity are in widespread use
in international trade and shipping in conjunction with, and sometimes
in substitution for, bills of lading. This guide – which starts with a
health warning – provides 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. It
is designed to be used in conjunction with Bills of Lading – A Guide to
Good Practice, also by Stephen Mills. The guide works on various
levels, with a practical guidance section supplemented by a detailed
analysis section and footnotes to show the legal foundation of the
advice given. This second edition has been fully reviewed and
updated.

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