BG Short: Letters of Indemnity – Problems Arising from Misdelivery

In this video, we talk about letters of indemnity and the problems arising to a misdelivery risk.

  • How does misdelivery risk arise?
  • What if misdelivery happens before the BLs are obtained?
  • LOIs being used for LC Payments
  • Solutions to the LOI problem

 

Read more on: BG: Letters of Indemnity in International Trade – Misdelivery, fictitious BLs & missing cargo

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