LETTERS OF INDEMNITY AND THE CARRIAGE OF GOODS BY SEA
As stated in the previous chapter, letters of indemnity are commonly used to get round the limitations imposed by negotiable bills of lading. Whilst these legal limitations have developed to protect the parties involved in the use of bills of lading and to preserve the certainty that is necessary for the promotion of international trade, there is inevitably a clash between certainty and practicality.
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