{"@context":"https://schema.org","@type":"DefinedTerm","name":"Letter of Indemnity (LOI) in cargo release","description":"A Letter of Indemnity (LOI) exists to protect a carrier that releases cargo without the original bill of lading being surrendered. The shipper or consignee commits in writing to hold the carrier harmless against all claims, liabilities, and costs arising from that release. The need arises in practice when a vessel has already arrived at port and the consignee requires the goods urgently, but the original documents are still en route. Critically, an LOI does not legally replace the missing bill o","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/letter-of-indemnity-loi-in-cargo-release","inLanguage":"en","dateModified":"2026-06-25T14:49:33.162199","citation":"https://www.wilhelmsen.com/products/marine/trade-and-logistics/dictionary-of-shipping/letter-of-indemnity/","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/letter-of-indemnity-loi-in-cargo-release","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Letter of Indemnity (LOI) in cargo release · A Letter of Indemnity (LOI) exists to protect a carrier that releases cargo without the original bill of lading being surrendered. · Quelle: https://www.wilhelmsen.com/products/marine/trade-and-logistics/dictionary-of-shipping/letter-of-indemnity/"}