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    LOI Delivery Without Production of Bills

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    haitham yassin
    This document is a standard form letter of indemnity given in return for delivering cargo without the original bill of lading. It requests the owners of a ship to deliver described cargo to a specified party without producing the original bill of lading. It agrees to indemnify and hold harmless the ship owners for any liability, loss, damage, or expenses incurred from delivering the cargo as requested. The liability under this indemnity is joint and several and shall not exceed 200% of the cargo's CIF value. The indemnity is governed by English law.

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    © All Rights Reserved
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    LOI Delivery Without Production of Bills

    Uploaded by

    haitham yassin
    38 views2 pages
    This document is a standard form letter of indemnity given in return for delivering cargo without the original bill of lading. It requests the owners of a ship to deliver described cargo to a specified party without producing the original bill of lading. It agrees to indemnify and hold harmless the ship owners for any liability, loss, damage, or expenses incurred from delivering the cargo as requested. The liability under this indemnity is joint and several and shall not exceed 200% of the cargo's CIF value. The indemnity is governed by English law.

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    LOI Delivery without Production of Bills

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    This document is a standard form letter of indemnity given in return for delivering cargo without the original bill of lading. It requests the owners of a ship to deliver described cargo to a specified party without producing the original bill of lading. It agrees to indemnify and hold harmless the ship owners for any liability, loss, damage, or expenses incurred from delivering the cargo as requested. The liability under this indemnity is joint and several and shall not exceed 200% of the cargo's CIF value. The indemnity is governed by English law.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    38 views2 pages

    LOI Delivery Without Production of Bills

    Uploaded by

    haitham yassin
    This document is a standard form letter of indemnity given in return for delivering cargo without the original bill of lading. It requests the owners of a ship to deliver described cargo to a specified party without producing the original bill of lading. It agrees to indemnify and hold harmless the ship owners for any liability, loss, damage, or expenses incurred from delivering the cargo as requested. The liability under this indemnity is joint and several and shall not exceed 200% of the cargo's CIF value. The indemnity is governed by English law.

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    © All Rights Reserved
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    APPENDIX 3.

    18 – STANDARD FORM LETTER OF INDEMNITY TO BE GIVEN IN RETURN


    FOR DELIVERING CARGO WITHOUT PRODUCTION OF THE ORIGINAL BILL OF LADING

    To: [insert name of owners]


    The owners of [insert name of ship]

    Dear Sirs,

    Ship: [insert name of ship]

    Voyage: [insert load/discharge port, as stated in Bill of Lading]

    Cargo: [insert description of cargo]

    Bill(s) of Lading: [insert identification number, date, place of issue]

    The above cargo was shipped on the above vessel by [insert name of shipper] and consigned to [insert
    name of consignee or to whose order the Bill of Lading is made out, as appropriate] for delivery at the
    port of [insert name of discharge port stated in the Bill of Lading] but the Bills of Lading have not
    arrived and we, [insert name of party requesting delivery], hereby request you to give delivery of the
    said cargo to [insert name of party to whom delivery is to be made] without production of the original
    Bill(s) of Lading.

    In consideration of your complying with our above request we hereby agree as follows:

    1. To indemnify you, your servants and agents and to hold all of you harmless in respect of any
    liability, loss, damage or expenses of whatsoever nature which you may sustain by reason of
    delivering the cargo in accordance with our request.

    2. In the event of any proceedings being commenced against you or any of your servants or
    agents in connection with the delivery of the cargo as aforesaid to provide you or them on
    demand with sufficient funds to defend the same.

    3. If, in connection with the delivery of the cargo as aforesaid, the ship or any other ship or
    property belonging to you should be arrested or detained or if the arrest or detention thereof
    should be threatened, to provide such bail or other security as may be required to prevent such
    arrest or detention or to secure the release of such ship or property and to indemnify you in
    respect of any liability, loss, damage or expenses caused by such arrest or detention or
    threatened arrest or detention whether or not such arrest or detention or threatened arrest or
    detention may be justified.

    4. As soon as all original Bills of Lading for the above cargo shall have come into our
    possession, to deliver the same to you, whereupon our liability hereunder shall cease.

    5. The liability of each and every person under this indemnity shall be joint and several and shall
    not be conditional upon your proceeding first against any person, whether or not such person
    is party to or liable under this indemnity.

    6. The liability of each and every person under this indemnity shall in no circumstances exceed
    200% of the CIF value of the above cargo.

    7. This indemnity shall be governed by and construed in accordance with English law and each
    and every person liable under this indemnity shall at your request submit to the jurisdiction of
    the High Court of Justice of England.

    Yours faithfully,

    For and on behalf of For and on behalf of


    [insert name of requestor] [insert name of bank]
    Signature ……………………………….. Signature ……………………………….

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