Home MarketsChartering HFW Briefing – Discharge of cargo without original bills of lading and letters of indemnity (LOI)

HFW Briefing – Discharge of cargo without original bills of lading and letters of indemnity (LOI)

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Rory Butler, Partner HFW

 Discharge of cargo without original bills of lading and letters of indemnity (LOI): one of the biggest risks a shipowner or charterer can take

LOIs are an essential document to help world trade run smoothly. They are given by cargo interests and parties above them in the contractual chain to obtain cargo at a discharge port without delay in circumstances where the original bills of lading are not immediately available.

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William Gidman, Associate at HFW

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