General Features
Shipping Guarantee (SG) is an indemnity document issued by the Bank addressed to the shipping company on the instruction of the importer to take delivery of goods from the shipping company or its agent in the absence of the original bill of lading.
The Endorsement of Bill of lading (BL)/Airway Bill/Parcel Post Receipt is done for goods which are dispatched by sea, air or parcel post. The customer may receive a copy of the BL, Air Waybill or Parcel Post Receipt prior to the arrival of the documents. Under such circumstances, an authorization on the BL /Air Waybill/Parcel Post Receipt could be done in order to enable the customer to take delivery of the goods.
The Solution In Cases Of Unforeseen Delay In The Arrival Of BL/Airway Bill/Parcel Post Receipt
- Take delivery of goods prior to the receipt of the transport documents.
- Obtain goods faster.
- Saving on port charges and demurrage fees etc.
More details
Less details
0.10% flat on invoice value - subject to a minimum rate as prescribed by the bank.
Please refer here for details on trade fees and charges.
