In brief

NEW GUIDE

The North of England P&I Club has published a new guide for the shipping industry on how to avoid disputes and problems arising from the use of letters of indemnity. Letters of indemnity are frequently used in international trade and shipping in conjunction with and sometimes in substitution for bills of lading. However they can give rise to risks which are uninsured and/or uninsurable and to obligations which may be unenforceable or which may not be worth the paper they are written on. The 56-page publication is co-authored with Stephen Mills and Ben Roberts of maritime and international trade law firm Rayfield Mills.