In this in-depth guide, we will be diving into the complexities and nuances you, as an SMB, face when importing from China.Read More
Find easy-to-understand explanations of the most common freight forwarding and shipment terms
Letter of Indemnity (LOI)
A Letter of Indemnity (LOI) is a contract between a freight company and its customer that outlines the obligations that both parties must comply.
The LOI legally binds both parties, ensuring that either party can seek indemnification for damages in the event of any loss.