Shipping Guarantee

Do you want to take delivery of goods prior to the arrival of shipping documents?

A Shipping Guarantee enables the customer to take delivery of the goods before the receipt of the bill of lading. It is an indemnity that the bank executes jointly and severally with its customers in favour of the shipping company. For shipment by air, the bank would be asked to endorse the airway bill to the order of the customer to take the goods. A Shipping Guarantee or airway bill endorsement is issued against this facility made available to the customer. So whenever the goods arrive prior to your receipt of shipping documents, we can help you to arrange shipping guarantee to take delivery of goods by countersigning the shipping guarantee to the shipping company. This allows you to avoid demurrage charges and possible losses due to deterioration of goods.