Delivery of cargo without bills of lading
It is common in a lot of trades to accept a Letter of Indemnity ("LOI") for non-production of bills of lading. Although it is commonly accepted in many trades, the consequences of non-performance can be extremely serious for Members. Members are therefore reminded to be vigilant and cautious with regard to the practice of accepting LOIs for non-production of bills of lading. The above publication is a reminder of some of the risks and pitfalls with this practice.
BILLS OF LADING 2017 (1 MB)
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QCR Summer 2020: HARMONY INNOVATION SHIPPING PTE LTD v CARAVEL SHIPPING INC (THE “UNIVERSAL BREMEN”)
HARMONY INNOVATION SHIPPING PTE LTD v CARAVEL SHIPPING INC (THE “UNIVERSAL BREMEN”) -  1 Lloyd's Rep. 206. Delivery of cargo without bills of lading - Back-to back chain of letters of indemnity on the International Group standard form - Court recognises importance of allowing vessels to continue trading.
On 21 February, the English High Court in an unreported judgment of HARMONY INNOVATION SHIPPING v CARAVEL SHIPPING  2 WLUK 370 ordered charterers to provide security for the release of a ship under an LOI given to enable cargo to be delivered without production of the original bills of lading.