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Letter Of Indemnity Form
"Need a Letter of Indemnity Form under Singapore law to protect my company against potential losses arising from a delayed shipping container delivery, with specific coverage for customs detention charges and related storage costs expected to occur in March 2025."
1. Identification of Parties: Full legal names, addresses, and details of the indemnifier and indemnitee
2. Subject Matter: Clear description of the transaction or circumstance requiring indemnity
3. Scope of Indemnity: Precise definition of what losses, damages, and costs are covered by the indemnity
4. Duration: Time period for which the indemnity remains valid and enforceable
5. Execution Block: Signature sections with witness provisions and date of execution
1. Insurance Requirements: Details of required insurance coverage, included when indemnity relates to insurable risks
2. Claim Procedure: Process and requirements for making claims under the indemnity, used in complex transactions
3. Limitations on Liability: Specific caps, exclusions, or restrictions on indemnity coverage, used in high-value transactions
1. Schedule of Specific Risks: Detailed enumeration of specific risks, circumstances, or events covered by the indemnity
2. Schedule of Required Documents: Comprehensive list of supporting documents required for making claims under the indemnity
3. Schedule of Insurance Policies: Details of relevant insurance policies including policy numbers and coverage limits where applicable
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