What is a 'letter of indemnity' (LOI) commonly used for in international cargo shipping?
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A
To compensate the carrier for voyage delays attributable to the shipper's late delivery of cargo
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B
To induce a carrier to release cargo at destination without presentation of the original bill of lading
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C
To indemnify the shipper against customs duty assessments by importing country authorities
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D
To transfer the carrier's cargo liability to the freight forwarder or terminal operator