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Shipping Guarantee (SG)
An idemnity issued in favour of the shipping company to enable you to take possession of the goods without presentation of the original Bill of Lading.
Features
Issued against documents drawn under the Bank's Letter of Credit.
Issued based on invoice and non-negotiable copy of Bill of Lading.
To be returned to the Bank for cancellation upon receipt of the original Bill of Lading.
Benefits
Improve Cash Flow
Improve your cash flow by allowing a faster disposal of your goods.
Efficient Clearance of Cargo
Allows you to take possession of the goods in cases where there is a delayed arrival of Bill of Lading.
Save on Port Charges
Massive savings on port charges or demurrage fees due to extended storage of goods.
Important Information
- Product Disclosure Sheet
- Application Form
- Fees and Charges
- Trade Finance Cut-Off Time https://www.affinbank.com.my/AFFINBANK/media/Documents/business%20banking/Trade%20Finance/ABBtradefinancecuttofftime30032015.pdf
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Endorsement on your original transport document to allow faster clearance of goods before the complete set of import documents are received.
A written undertaking by the Bank issued on behalf of a buyer guaranteeing payments to a seller against presentation of compliant documents.
Handling of foreign and domestic inward collection documents for buyer/importer based on settlement term agreed with supplier/exporter.
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