Letter of Guarantee in Freight Insurance
Quelle: https://www.maritimeprofessional.com/blogs/guest-blog/a-primer-letter-guarantee-421591
TL;DR
A Letter of Guarantee in Freight Insurance is a formal document issued by an insurer or guarantor on behalf of the insured, providing financial security to a carrier, warehouse operator, or authority by indemnifying them against potential claims until the original shipping documents are presented or replaced. It enables the consignee to take delivery of cargo without presenting the original …
A Letter of Guarantee in Freight Insurance is a formal document issued by an insurer or guarantor on behalf of the insured, providing financial security to a carrier, warehouse operator, or authority by indemnifying them against potential claims until the original shipping documents are presented or replaced. It enables the consignee to take delivery of cargo without presenting the original bill of lading and ensures coverage under the freight insurance policy.
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