Thu, 19 Nov 2020 22:00:58 +0000

Letters of indemnity (LOIs) are common in the shipping industry and are often used to ‘oil the wheels’ where a charterer wants to do something that does not fall squarely within the terms of the charterparty. The owner may be willing to comply, as long as they are happy that the additional risks will be …

The post Careful drafting of LOI invocation clauses in charterparties avoids later surprises first appeared on Hellenic Shipping News Worldwide.


Full article: