shipping question and answer

Story of a CIF contract and a Letter of Indemnity

by Categories Bill of Lading, Case Studies, Incoterms®, Letter of Credit, Questions and Answers, Shipping Knowledge Tags , , , , , , 3 Comments Estimated reading time = 4 minutes
Image for question featured image

This is the Story of a CIF contract and a Letter of Indemnity..

Seller is delivering CIF to Chinese port. The contract has an LOI provision if the original bill of lading should be lost..

The buyer’s bank refuses to make payment without original BOL and will not accept LOI..

What happens next..??

Go to full article >>>

Share