Letters of Indemnity: A Guide to Good Practice (Paperback)

Product Description
"Letters of Idemnity - A Guide to Good Practice" is designed to help the shipping industry avoid disputes and problems arising from the use of letters of indemnity. Letters of indemnity are frequently used in international trade and shipping, either with or in place of bills of lading. However, they can give rise to risks which are uninsured and/or uninsurable, and to obligations which may be unenforceable or which may not be worth the paper they are written on. The purpose of this new guide, which is designed to complement "Bills of Lading - A Guide to Good Practice" in the same series, is therefore to shed some much-needed light on this 'grey area' of shipping practice, and to explain how to minimise the many commercial and legal risks that can arise. It starts with a 'health warning' followed by a 'quick reference' section to help identify specific problems. A 'practical guidance' section then warns of the risks of accepting letters of indemnity, identifies the typical circumstances in which they are offered and includes a checklist to consider before accepting them. All legal principles and footnotes are confined in a separate 'detailed analysis' section to make the guide easier to follow. The full text and a line-by-line analysis of the International Group of P&I clubs' standard letters of indemnity on delivering cargo without a bill of lading or at a different port are also included.

About the Author
Stephen Mills is a solicitor and founding partner of international maritime law firm Rayfield Mills (www.rayfield-mills.co.uk) based in Newcastle upon Tyne. He is widely acknowledged as an expert in the field of carriage of goods by sea. During the past 23 years he has advised shipowners, ship operators, P&I clubs and oil and commodity traders world-wide on a wide variety of disputes and legal problems concerning bills of lading in particular. Ben Roberts is a solicitor at Rayfield Mills. He deals with all aspects of carriage of goods by sea. North of England P&I Association, with offices in the UK, Hong Kong and Greece, is one of the leading international mutual marine liability insurers with over 55 million GT of entered tonnage. Founded in 1860, the Association has long recognised the importance of providing practical loss prevention advice to its Members believing this to be the most effective way to reduce the number and scale of claims. The Association has developed a world-wide reputation for the quality and diversity of its loss prevention initiatives, which include this series of loss prevention guides co-authored with leading industry experts.

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• Books > Business, Finance & Law > Law > International > Public > Maritime
• Books > Science & Nature > Engineering & Technology > Marine & Nautical

International maritime law
Shipping industries
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Law
Transport Industries


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