Letters of Indemnity: A Guide to Good Practice
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About this ebook
This unique guide explains how to avoid disputes and problems arising from the use of letters of indemnity. The law expects that the documentary aspects of international sale transactions will comply with long-established principles and standards. However, those engaged in international trade may find those principles and standards difficult to achieve in every transaction, and look to letters of indemnity instead. Rightly or wrongly, letters of indemnity are in widespread use in international trade and shipping in conjunction with, and sometimes in substitution for, bills of lading. This guide – which starts with a health warning – provides commentary on the common types of letter of indemnity, the reasons they are used, the pitfalls and risks, and some of the legal and insurance issues which arise out of their use. It is designed to be used in conjunction with Bills of Lading – A Guide to Good Practice, also by Stephen Mills. The guide works on various levels, with a practical guidance section supplemented by a detailed analysis section and footnotes to show the legal foundation of the advice given. This second edition has been fully reviewed and updated. The North of England P&I Association is a leading mutual marine liability insurer based in Newcastle upon Tyne, UK, with regional offices in China, Greece, Hong Kong, Japan and Singapore. The Club has developed a world-wide reputation for the quality and diversity of its loss prevention initiatives.
Stephen Mills
Stephen Mills is the coauthor with Roger Fouts of Next of Kin: My Conversations with Chimpanzees, a Los Angeles Times Best Book of the Year. He has advised and written for an array of public interest organizations in the fields of human rights, civil liberties, and the environment. Since 1983, he has worked with the Natural Resources Defense Council, building campaigns that have mobilized millions of people in support of environmental protection. Stephen is honored to serve as an Ambassador for CHILD USA, the leading nonprofit think tank fighting for the civil rights of children. He lives in California with his wife, Susan.
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