Maine Indemnity Agreement regarding Lost or Missing Bill of Lading

• Category: Contracts - Bill of Lading
• State: Multi-State
• Control #: US-02564BG
• Format: Word; Rich Text

Description

A bill of lading is a receipt given by a shipper of goods from the carrier, such as a trucking company, railroad, ship or air freighter, for shipment to a particular buyer. It is a contract protecting the shipper by guaranteeing payment and ensures the carrier that the recipient has proof of the right to the goods. The bill of lading is then sent to the buyer by the shipper upon payment for the goods, and constitutes proof that the recipient is entitled to the goods when received.

To indemnify means to reimburse another for a loss suffered because of a third party's or one's own act or default. It can also refer to a promise to reimburse another for such a loss or to give another security against such a loss.

Maine Indemnity Agreement is a legal contract that helps protect parties involved in a transaction from potential losses or liabilities arising from the loss or misplacement of a bill of lading. A bill of lading is a vital document in the shipping industry as it serves as evidence of the contract of carriage and receipt of goods. In case of a lost or missing bill of lading, the Maine Indemnity Agreement aims to provide a solution to the predicament. This agreement ensures that the party assuming responsibility for the loss or misplacement indemnifies the other party for any damages that may result from the absence of the bill of lading. The Maine Indemnity Agreement regarding Lost or Missing Bill of Lading may have several types, including: 1. General Indemnity Agreement: This type of agreement revolves around the overall indemnification provision for the loss or disappearance of a bill of lading. 2. Commercial Carrier Indemnity Agreement: This agreement specifically pertains to cases where a commercial carrier assumes the liability for the loss or misplacement of a bill of lading during transportation. 3. Warehouseman Indemnity Agreement: This type of agreement applies when a warehouseman, who temporarily stores goods, assumes responsibility for the loss or disappearance of a bill of lading while the goods are under their control. 4. Intermodal Carrier Indemnity Agreement: This agreement is relevant when an intermodal carrier, involved in multiple modes of transportation, assumes liability for the loss or misplacement of a bill of lading during a multimodal shipment. When drafting a Maine Indemnity Agreement, it is important to include relevant keywords such as bill of lading, loss, misplacement, indemnification, liability, commercial carrier, warehouseman, intermodal carrier, transportation, and shipment. These keywords will ensure the document effectively captures the essence of the agreement and is easily identifiable by relevant parties involved.