RULE 10 - Indemnity

Is it an original document?

A liner agent in Spain delivered five containers of electrical goods on five different occasions against faxed indemnities, which were apparently counter-signed by the consignee's bank. It subsequently transpired that all the indemnities were forgeries and the bank had no knowledge of any of  them. 

Although millions of consign- ments are delivered each year without incident, the Club has seen an increase in attempts to obtain delivery of cargo using forged documents.  Agents should be extremely vigilant.

Members should note that a deliberate decision to deliver cargo without first obtaining an original bill of lading may put them outside their Club cover.

IF IN DOUBT CHECK WITH THE CLUB.

ITIC is the world's leading insurer of the risks facing transport intermediaries.