Commercial Maritime Law

1. Any letter of guarantee or agreement whereby the consignor pledges to compensate the carrier for any damage arising from issuing a bill of lading free of any reservations regarding the particulars set out therein may not be invoked against a third party who is unaware, at the time of acquiring the bill of lading, of the inaccuracy of such particulars. 2. The consignee in whose name or for whose order the bill of lading is issued Commercial Maritime Law shall be deemed a third party, unless he himself is the consignor.