This book provides a comprehensive exploration of the legal landscape surrounding the transportation of goods by sea, with a focus on the use of Letters of Indemnity (LoI) and Bills of Lading. This book aims to bridge the gap between legal theory and maritime business practice, shedding light on the challenges and complexities faced by shippers, carriers, and consignees in the application of these essential documents. The primary objectives are to analyze the regulatory frameworks governing ocean freight both internationally and nationally and to understand the legal implications of LoIs and Bills of Lading in maritime transport. This book uses a mixed-methodology approach, combining case studies, legal analysis, and industry examples to offer practical insights. Key findings include the identification of legal risks and uncertainties in the use of LoIs, as well as the potential for technological advancements, such as blockchain, to enhance transparency and security in maritime transactions.
The book addresses limitations in existing regulations and proposes actionable solutions. The work contributes significantly to legal research by offering a nuanced understanding of maritime law and its evolving challenges. It also provides valuable practical guidance for practitioners in the maritime industry, regulators, and policymakers to navigate the legal complexities of international trade.
