Indemnity Agreement regarding Lost or Missing Bill of Lading
About this form
The Indemnity Agreement regarding Lost or Missing Bill of Lading is a legal document that protects carriers from potential claims when a shipper fails to present the original bill of lading at the time of delivery. This agreement outlines the responsibilities of the shipper, known as the claimant, who agrees to indemnify the carrier against any losses or claims arising from the delivery of the shipment without the original documentation. This form differs from other shipping agreements by specifically addressing scenarios where the bill of lading is missing or lost, thus ensuring legal and financial protection for the carrier.
Key components of this form
- Date of the agreement
- Name and address of the claimant
- Name and address of the carrier
- Description of the shipment, including articles or items
When to use this form
This form is used when a shipper needs to provide a carrier with assurance and protection regarding a shipment when the original bill of lading is lost or cannot be produced. Situations that may necessitate the use of this indemnity agreement include disputes arising from non-delivery, claims about the condition of delivered goods, or any legal challenges posed by third parties claiming ownership of the goods.
Who should use this form
This form is intended for:
- Shippers (claimants) who have lost or cannot provide the original bill of lading
- Carriers requiring protection against potential claims related to missing shipment documentation
- Businesses engaged in shipping goods that need to formalize agreements regarding liability in case of lost shipping documents
How to complete this form
- Enter the date on which the agreement is made.
- Fill in the claimantâs full name and address.
- Provide the carrierâs name and address.
- Describe the shipment, including the items being shipped.
- State the reason for not being able to produce the original bill of lading.
- Include the claimantâs signature and date for validation.
Notarization guidance
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to accurately specify the reason for the missing bill of lading.
- Not including complete information for both the claimant and carrier.
- Omitting signatures, which can invalidate the agreement.
- Leaving out crucial details about the shipment description.
Benefits of using this form online
- Convenience of instant download and completion.
- Editability allows for quick modifications as needed.
- Access to templates drafted by licensed attorneys for legal reliability.
- Easy to store and share electronically.
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FAQ
If the receiving agent asks for authority to release the cargo to a consignee who cannot present an original bill of lading, it is recommended that you consult your legal or insurance advisors in order to obtain the correct indemnity before entertaining any such request.
Every document that is required serves an important purpose, including the original bill of lading.In order to the consignee to gain release of the shipment upon reaching the destination, at least one original bill must be signed on the back by the importer or their agent and surrendered back to the steamship line.
Bill of Lading and Telex Release: Definition, Meaning, Pro & Cons. An original Bill of Lading is a paper bill of lading issued to a customer whereas a Telex Release is an electronic release issued in return for the surrender of an original Bill of Lading.
A letter of indemnity is a document exempting one party from liability to any claim that may arise from the other party. In shipping, when goods are being transported through a dangerous route, the carrier may issue a letter of indemnity against possible damage to the shipper's goods.
A letter of indemnity (LOI) is a document which the shipper indemnifies the shipping company against the implications of claims that may arise from the issue of a clean Bill of Lading when the goods were not loaded in accordance with the description in the Bill of Lading.
Introduction to Letter of Indemnity In simple words, the primary objective of a letter of indemnity is to make sure that both parties involved in a contract meet all the requirements so as to avoid losses to both the parties involved in a transaction.
Key Takeaways. If an original bill of lading is lost, destroyed, or stolen, a new bill generally cannot be obtained unless the original has been found.A bank guarantee financially protects the transporter for costs and liability of shipping without a bill of lading.
A buyer/shipper who holds the original BoL can claim the goods from the carrier at destination as long as the holder submits at least one original copy of the BoL. Clean: These documents are used to simply indicate the cargo was in good condition when loaded onto a vessel, much like a carrier's official sign-off.
A lost bill of lading requires several steps by the shipper, importer, or exporter. A letter from the shipper should be prepared detailing that the bill of lading was lost. The transporter will need a letter of indemnity from the shipper, which releases the transporter from liability.
