September 2020

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