What is loi ? can you load and disc on loi ?

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FOLLOW

Letter of Indemnity is issued by one party under contract (usually the charterer) to indemnify the other party (usually the owner/master of the vessel) from any consequences of following the orders/requests of the first party which may be contrary to the terms of the contract.
It is usually issued for discharging without the presentation of bill(s) of lading.
Though prevalent, it has no legal standing in a court of law.
The owner may accept the LOI under the supervision of  his P&I club after which he should explicitly tell the master to Discharge the cargo.
Under no case shall a LOI be accepted for any alterations to a B/L which tend to change the description, date or place of shipping as this comprises maritime fraud.