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Commodities in Focus Weekly - Clarity of the Role of Agents and Undisclosed Principals Under Letters of Indemnity
The judgment provided on 18 September 2024 in Yangtze Navigation (Asia) Co Ltd & anor v. TPT Shipping Ltd & ors (The “Xing Zhi Hai”) [2024] EWHC 2371 (Comm) provides welcome clarity to the shipping industry regarding who is liable under letters of indemnity in circumstances where there is a disputed agency relationship at play.
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