As the UK P&I Club informs, on 21 February the English High Court ordered charterers to provide security for the release of a ship under an LOI given to enable cargo to be delivered without production of the original bills of lading.
Namely, a cargo of coal from Indonesia was discharged at an Indian port under a Letter of indemnity (LOI) as the original bills of lading were not available. Nine months later, a Dubai bank claimed to be the lawful holder of the bills of lading and demanded more...
https://safety4sea.com/court-decision-clarifies-security-under-letters-of-indemnity/