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A sale and purchase broker acted for a shipyard in connection with the construction and purchase of three multi-purpose ships.  Under the terms of a separate commission agreement, the shipyard…

Always obtain the original b/l An Irish liner agent delivered a container of woodpulp against an original bill of lading which had been mailed to him.  The bill of lading was consigned "to…

Always obtain the correct b/l A liner agent in Denmark, having obtained an original bill of lading, authorised the release of a container of computer parts to a consignee in Russia, without noticing…

One of the agent's options, when the original bill of lading is not available, is to deliver against a letter of indemnity.  The indemnity does not relieve the carrier of liability to the cargo…

The agent should therefore also ask himself the questions set out in the following Rules: Has your principal given written authority to release and agreed the wording and security? An agent…

Is it counter-signed by a first class bank? A shipowner sought to recover from his agent who had released cargo against indemnities countersigned by the failed BCCI bank.  The agent had…

Has the cargo owner authorised release in writing? A Turkish liner agent was requested by the receiver of 12 containers of frozen meat shipped from Denmark to deliver them without original bills of…

Is it addressed to both you and your principal? One of the Club's Members was recently presented with a perfectly worded letter of indemnity counter-signed by a first class bank, addressed to…

Does it contain adequate financial and time limits? Agents should always be careful to ensure that the letter of indemnity covers all claims and costs which could be incurred.  There is little…

Do the goods itemised correspond exactly to those in the delivery order? A liner agent in Hong Kong was asked to deliver a consignment of frozen chickens against a letter of indemnity…