International Trade and Carriage of Goods

Baris Soyer and Andrew Tettenborn

Document

Page 124

CHAPTER 8 Letters of indemnity for delivery without a bill of lading

8.1 General principles

A letter of indemnity is an enforceable promise made by A to B to hold B harmless against any liability, loss or damage that B may incur as a result of complying with a request made by A, i.e. ‘If you (B) do what I (A) ask, I (A) will hold you (B) harmless against any loss, liability or damage that you (B) may incur as a result of doing what I (A) ask.’ Therefore, most letters of indemnity comprise two components:

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.