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ARTICLE · 20 SEPTEMBER 2011

The Jaq Ravi

LA Marine - Lester Aldridge LLP
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Unbeknown to the owners of the vessel and the end buyers Binani – the original parties to the sale contract the shippers and Comtrade Visa were in dispute about matters related to the original sale contract.

United KingdomTransport
Linda Jacques
Linda Jacques

How effective is a Letter of Indemnity issued under charterparty terms by a party who is not the charterer?

In Great Eastern Shipping Co Ltd v Far East Chartering Ltd ("The Jaq Ravi") the English Court has addressed the effectiveness of a Letter of Indemnity which was issued by receivers to ensure that cargo could be delivered in the event that original bills of lading had not arrived at the discharge port.

The Jaq Ravi had been chartererd in to carry a shipment of coal from Indonesia to India. That shipment was being carried to fulfil a sale contract between the shippers who were Indonesian and a Swiss Company Visa Comtrade. A subsidiary company of Visa Comtrade – FEC were the named charterer of the Jaq Ravi.

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