Letter of Indemnity | Shipping Term Explained | Logistics Glossary
Back to Glossary
GLOSSARY
Letter of indemnity
The indemnity letter states a third party that will cover the financial loss if one or more of the involved parties do not meet the agreed terms.
What is a letter of indemnity?
The letter of indemnity is a document acting as an insurance document in case one or more of the involved parties do not meet the written terms. One of the involved parties normally requests this letter that will guarantee that there will be third party coverage for the loss in cases of a breach in the contract.
ARE YOU A BUSINESS?
Digitalise your logistics processes
Join our platform to get immediate access to discounted shipping prices and assistance from our dedicated logistics experts during any step of the booking process, before or during transit.
Set up a business account
Based on 42,754 reviews