letter of indemnity

Definition of "letter of indemnity"
  1. 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
How to use "letter of indemnity" in a sentence
  1. The cargo company demanded a letter of indemnity before releasing a clean bill of lading.
  2. Due to the damaged state of the shipment, signing a letter of indemnity became a necessary step.
  3. In exchange for a clean bill of lading, the shipper had to provide a letter of indemnity.

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