LOU

 

 

 

LOU

 

Shipping terms glossary

 

Definition of LOU

 

Letter of Undertaking - a guarantee issued by a P & I Club or insurer, in cases where a vessel is involved in an accidents or damage to cargo. The LOU guarantees settlement of any proven claims, thus allowing the vessel to sail without unnecessary delays.

 

Source : http://210.212.115.113:81/Anupam%20Varma/Shipping%20terms%20glossary.docx

link: http://210.212.115.113:81/

Author : not indicated on the source document of the above text

 

Terminology about shipping

Shipping glossary index of terms

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Definition and meaning of LOU

 

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Meaning of LOU

 

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