{"@context":"https://schema.org","@type":"DefinedTerm","name":"Letter of Indemnity (Shipping Guarantee)","description":"Carriers and shipping lines accept a Letter of Indemnity (LOI) when cargo must be released without presentation of the original bill of lading. The issuing party – typically the consignee or shipper – contractually undertakes to hold the carrier harmless against any third-party claims arising from that early delivery. The scenario is most common in deep-sea trades: the vessel has already discharged, but the original bill of lading is still held up in a documentary credit process or delayed in tr","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-shipping-guarantee","inLanguage":"en","dateModified":"2026-06-25T14:51:03.841565","citation":"https://en.wikipedia.org/wiki/Letter_of_indemnity","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/letter-of-indemnity-shipping-guarantee","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Letter of Indemnity (Shipping Guarantee) · Carriers and shipping lines accept a Letter of Indemnity (LOI) when cargo must be released without presentation of the original bill of lading. · Quelle: https://en.wikipedia.org/wiki/Letter_of_indemnity"}