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https://www.hellenicshippingnews.com/delivery-of-cargo-without-production-of-the-original-bill-of-lading/
As the bill of lading is a document of title, a person presenting it to the carrier or its agent is ostensibly entitled to collect the goods and the carrier ... Delivery of cargo without ...
https://www.nortonrosefulbright.com/en/knowledge/publications/b3dfb985/delivery-of-cargo-without-production-of-original-bills-of-lading-enforceability-of-letters-of-indemnity
To cater for this, letters of indemnity (LOIs) have been developed allowing receivers to take delivery of the cargo either without production of the original bill of lading, or at a discharge port other than that named in the bill of lading, or a combination of both.
https://www.ukpandi.com/knowledge-publications/article/delivery-of-cargo-without-bills-of-lading-140871/
May 10, 2017 · Delivery of cargo without bills of lading (1.16 MB) It is common in a lot of trades to accept a Letter of Indemnity (“LOI”) for non-production of bills of lading. Although it is commonly accepted in many trades, the consequences of non-performance can be extremely serious for Members.
https://www.steamshipmutual.com/publications/Articles/Articles/Laemthong0805.asp
In this capacity it is "the key to the warehouse" and it is a simple working rule that an owner who delivers cargo without production of the relevant bill of lading does so at his peril, and thereby exposes himself to claims for misdelivery of the cargo which can be potentially ruinous.
https://www.steamshipmutual.com/publications/Articles/delivery-of-cargo-without-production-of-bills-of-lading-a-recap112019.htm
A recent case in which cargo was delivered against fraudulent Bills of Lading illustrates the risks of agreeing charter party clauses that oblige an owner to discharge and deliver cargo without presentation of the bill of lading, against a charterer’s letter of indemnity (LOI).
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