Charles Brown, Head of Claims at Steampship Mutual, presents a case where a cargo was delivered based on fraudulent Bills of Lading, highlighting the importance of the Bills of Lading during trade and presenting the risks of agreeing charter party clauses that oblige an owner to discharge and deliver cargo without presentation of the bill of lading, against a charterer’s letter of indemnity (LOI).
Specifically, the bills of lading are very important to trade, as the holder in due course is...
https://safety4sea.com/bills-of-lading-how-to-be-protected-in-case-of-cargo-mis-delivery/