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New Edition of Letters of Indemnity Guide Published
In recognition of the widespread use of letters of indemnity in international trade and shipping in conjunction with, and sometimes in substitution for, bills of lading, North published its guide on the use of letters of indemnity in 2008; Letters of Indemnity: A guide to good practice.
North has now published a second edition of the guide written by Stephen Mills and Ben Roberts. The new edition has been fully reviewed and updated and 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.
