letter of indemnity
- A document signed by a shipper to obtain a clean bill of lading from a carrier, even if the shipment was damaged or in poor shape
- The cargo company demanded a letter of indemnity before releasing a clean bill of lading.
- Due to the damaged state of the shipment, signing a letter of indemnity became a necessary step.
- In exchange for a clean bill of lading, the shipper had to provide a letter of indemnity.