A letter of indemnity allows a carrier to release goods to a consignee not yet in possession of the bill of lading.

Question

Quizplus · Accepted Answer

A letter of indemnity is a legal document issued by the consignee or their agents which indemnifies the carrier against any potential loss or damage associated with releasing goods without the bill of lading. This allows the carrier to release goods to the consignee even if they do not yet have possession of the bill of lading.

A Letter of Indemnity Allows a Carrier to Release Goods