Course price

Discounts

10% group discount is available for registering 3 or more participants from the same company.

Overview

The bill of lading is a key document. It is issued by the carrier to a shipper and serves as a receipt for goods shipped, evidence of the contract of carriage, and a document of title. It is an important document in international maritime trade as it serves as proof of ownership and provides legal protection for both the shipper and the carrier. It also serves as an invoice for payment and can be used to obtain insurance coverage.

A letter of indemnity is a document used in international maritime transportation to protect the carrier from any financial losses or liabilities. It is typically used when the carrier is asked to release the cargo without the original B/L available upon arrival at the discharging port if the cargo destination is changed or the cargo is traded and split up. The letter of indemnity serves as an agreement between the shipper and carrier that the shipper will be responsible for any losses incurred due to their negligence or lack of documentation.

What will you learn?

• Understand the legal principles and contractual obligations related to cargo disputes, which may lead to a letter of indemnity being requested.
• Learn how to identify and mitigate risks associated with cargo disputes.
• Develop an understanding of the role of Letters of Indemnity in resolving cargo quantity disputes and problems on delivery
• Analyse case studies to gain insight into the practical application of cargo dispute resolution strategies.
• Develop strategies for successful negotiation and resolution of cargo disputes and taking as well as issuing letters of indemnity

Programme

Tuesday 26 September 2023, 08:00 - 09:30 UTC
Session 1:

•  Introduction to letters of indemnity (LOI)
• Definition of LOI
• Types of LOI
• When are LOIs used in maritime transportation?
• Advantages and disadvantages of using LOIs.

Wednesday 27 September 2023, 08:00 - 09:30 UTC
Session 2:

•  Legal implications of using letters of indemnity
• How to draft an LOI. Do’s and Don’t’s
• Case studies on the use of LOIs in maritime transportation
• Questions and answers

Starting time (for both sessions):

Why choose to participate?

This BIMCO 180 Seminar can be beneficial if you work with cargo documentation and delivery. It can provide valuable insight into the legal aspects of cargo disputes and how to protect your company from potential liabilities. Additionally, it can help you understand the importance of Letters of Indemnity and how they can be used to protect your interests in a dispute.

How will this course help your professional development?

This BIMCO 180 seminar on letters of indemnity can help your professional development by providing you with the knowledge and skills necessary to draft, review, and negotiate these important documents. You will learn how to identify potential risks and liabilities associated with indemnity agreements and protect your company from unforeseen consequences related to letters of indemnity.

Course materials

BIMCO issues electronic course files as an Adobe PDF file enabling you to make personal notes. All documentation and presentations will be in English. Course access details will be provided a week before the course start date if the registration is completed.

Speakers

Elizabeth Sloane

Organiser

Peter Grube