Letter Of Guarantee

Letter of Guarantee in Maritime Law

Note: There is more information on maritime/admiralty law here.

The following is a definition of Letter of Guarantee, produced by Tetley, in the context of admiralty law: [Translation of Letter of Guarantee in French: “lettre de garantie”] [Translation of Letter of Guarantee in Spanish: “carta de garantía del consignatario”] [Translation of Letter of Guarantee in Italian: “lettera di garanzia all’arrivo”] [Translation of Letter of Guarantee in German: “Garantiebrief”] – A written undertaking, or letter of indemnity, usually provided by a bank, promising to hold the carrier (see this maritime law term in this legal dictionary) harmless, up to a certain sum, for claims that may arise from the delivery of goods to a particular person who is unable to surrender the original bills of lading in return for the goods. See Tetley, M.C.C., 4 Ed., 2008 at p. 2014.

Letter of Guarantee in Admiralty Law

For information on letter of guarantee in this context, see the entry on letter of guarantee in the maritime law encyclopedia.