1 Letter of Indemnity A letter guaranteeing that contractual provisions will be met, otherwise financial reparations will be made.

2 The payee must complete and sign letter of indemnity at the back of this application form.

3 With the letter of indemnity the exporter was able to exchange his documents and receive payment.

4 Using letter of indemnity to obtain a clean B/L is a common practice.

5 The bank can issue a letter of indemnity to the shipper.

6 This letter of indemnity is governed by the Hong Kong law.

7 The organization issued a letter of indemnity to all creditors.

8 Letter of indemnity has its own status, for its positive roles in practice.

9 Compelled with the normal letter of credit and the letter of indemnity, the standby letter of credit is a kind of bank guarantee in the letter of credit form essentially.

10 The bills of lading are turned over to the shipper, who will surrender the letter of indemnity to the bank.