Investopedia / Julie Bang A letter of indemnity (LOI) is a document that guarantees certain provisions will be met between two parties to a contract or compensation will be provided. These letters ...

The facts in this case were as follows. The owner should not accept a letter of indemnity unless this was given by a recognised bank The charterer Mark Man (UK) purchased and shipped a consignment ...

From the tone of your question I have an impression that you had seen the bank’s registrar and he was the one that asked you to write a letter of indemnity and depose to an affidavit.

The transporter will need a letter of indemnity from the shipper, which releases the transporter from liability. A bank guarantee financially protects the transporter for costs and liability of ...

The overseas banks usually lend to the buyer (importer) based on a bank guarantee or standby letter of credit issued by the importer’s bank. Supplier’s credit on the other hand involves ...