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LOI

Latest Articles

Join the BDM Team
June 22, 2020

Join the BDM Team

Due to strong client demand we are looking for talented and ambitious lawyers at all levels from 2PQE+ to join our busy team. We act for leading ship owners, operators, charterers, insurers, commercial and trading companies. We offer challenging and interesting work,... Read more >
What happens when the LOI chain breaks down?
June 4, 2020

What happens when the LOI chain breaks down?

Letters of Indemnity (LOI’s) are commonplace in shipping. Many charters contain a contractual requirement on the ship owner/carrier to discharge the cargo without presentation of an original bill of lading. This exposes the ship owner to risk, namely a risk that they... Read more >
Letters of Indemnity – Best Practice
June 21, 2019

Letters of Indemnity – Best Practice

There are a surprising number of pitfalls to avoid when asked to discharge cargo without receiving an original bill of lading. Many clients think that the panacea is the Letter of Indemnity (LOI). Indeed, many contracts require clients to accept an LOI in place of an... Read more >
LOIs and delivery to an agent – things to watch out for!
July 2, 2018

LOIs and delivery to an agent – things to watch out for!

It is well known that, in most cases, delivering cargo without delivery up of an original bill is risky for the carrier.   Yet in today’s trading environment it is something that charterers require.  The tanker trade in particular works on the basis that terminals... Read more >
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