Yangtze Navigation (Asia) Co Ltd and Another v TPT Shipping Ltd and Others (The Xing Zhi Hai) [2024] EWHC 2371 (Comm)

Undisclosed principals under letters of indemnity

On 18 September 2024 the High Court delivered a significant judgment addressing issues regarding letters of indemnity (LOIs) and the concept of undisclosed principals in shipping contracts. The ruling provides greater clarity in identifying agency relationship, particularly regarding liability in complex shipping transactions.