Maritime Letters of Indemnity

By Felipe Arizon, David Semark

© 2014 – Informa Law from Routledge

208 pages

Purchasing Options:
Hardback: 9781843119524
pub: 2014-02-28
US Dollars$486.95

Look Inside e–Inspection Copy

About the Book

This unique new title provides expert, hands-on advice as to the law and practice of the maritime letter of indemnity. Detailing the variety of implications that can arise from each type of letter, the authors bring this important and litigious subject to the fore with a view to reducing the commercial and legal risks involved in this core area of shipping and international trade.

Key features of this title include detailed legal analysis of:

    • The history of indemnity contracts and letters of indemnity
    • Shipping and international trade contexts where letters of indemnity are used
    • GAFTA sale contract forms and standard letter of indemnity P&I Clubs forms
    • The enforceability of maritime letters of indemnity
    • The rights and liabilities for sellers, buyers, banks and ship owners which arise from the use of letters of indemnity

    • The impact on the system based on the use of bills of lading and on electronic bills of lading
    • Policy issues arising from the use of letters of indemnity in practice and of the practicalities of litigation involving letters of indemnity.

As the only text currently on the market covering maritime letters of indemnity in such detail, this book will be an indispensable guide for maritime lawyers, professionals and academics alike, as well as shipowners, charterers, commodity traders and trade finance professionals


'The authors provide a thoughtful and almost comprehensive guide to this important area of law and the book should prove a useful addition to the library of any shipping practitioner.' Professor Simon Baughen, Journal of International Maritime Law

Table of Contents

Chapter 1. Introduction to Letters of Indemnity Chapter 2. Letters of Indemnity and the Carriage of Goods by Sea Chapter 3. Letters of Indemnity and Bills of Lading Chapter 4. LOIs, the International Approach Chapter 5. "Clean Bills" LOIs, the English position Chapter 6. Policy Considerations Chapter 7. Discharge LOIs and The Presentation Rule Chapter 8. Enforcing "discharge" Letters of Indemnity Chapter 9. Change of Destination LOIs Chapter 10. Letters of Indemnity and P&I Cover Chapter 11. Implied Indemnities

About the Authors

Dr Felipe Arizon is a Spanish lawyer and academic. He is the managing partner of Arizon Abogados S.L.P. and the head of the firm's shipping and trade team.

David Semark is a Barrister with Quadrant Chambers, and prior to this he was a Partner with Reed Smith LLP. He specialises in commercial law with a particular emphasis on shipping and maritime law.

About the Series

Lloyd's Shipping Law Library

We are proud of our Lloyd’s Shipping Law Library, and rightly so; our collection has the leading titles written by the heavyweight practitioners of the shipping world. Shipping lawyers worldwide will find the information that they need at their fingertips within this library.

This diverse and truly international portfolio covers both wet and dry shipping; for example, we have titles on marine insurance, admiralty jurisdiction, shipbuilding, tug and tow, general average, arrest of ships, and laytime and demurrage. Our key titles include Voyage Charters and Time Charters.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
LAW / General
LAW / Maritime