letter of indemnity

Often this letter of indemnity is issued or countersigned by a bank.

Jan Hus, summoned to Constance under a letter of indemnity, was condemned by council and burned at the stake notwithstanding on 6 July 1415.

Declaring it a dangerous precedent, they sought letters patent assuring them that it would not be so used and letters of indemnity for not following the king overseas on campaign.

If the completed bill is unsatisfactory, the shipper can either refuse to exchange his dock receipt for the bill of lading, procure a satisfactory letter of indemnity or a substitute carrier.

If, upon arrival of the goods, the consignee does not have the required bill of lading in his possession, he often obtains the carrier's release of the goods by tendering an acceptable letter of indemnity.

The reason for not listing this item is that, as proven by the SeaDocs experiment, such letters of indemnity may become unnecessary if the electronic registry succeeds in securing delivery to the rightful holder of the PIN or private key.

A large item in the contemporary bill of lading-letter of credit practice missing from this list is the letter of indemnity issued by banks to prompt the release of goods that arrive prior to the arrival of the original bill of lading.