Shipping Guarantee on Imports | OCBC Business Banking SG
SHIPPING GUARANTEE / AIR WAYBILL ENDORSEMENT

SHIPPING GUARANTEE / AIR WAYBILL ENDORSEMENT

Take the delivery of the goods before receipt of Bill of Lading / Air Waybill

Why you will love this

Save on storage demurrage charges

Take faster delivery of your goods

Avoid unnecessary delays and missed business opportunities

Features and benefits

Reduce unnecessary demurrage cost

Can be used to avoid additional charges when goods arrived before shipping documents.

Can be used to avoid additional charges when goods arrived before shipping documents.

Efficient access to goods for business opportunities

Facilitate release of goods ahead of the documents by providing Shipping Guarantee issued by OCBC.

Facilitate release of goods ahead of the documents by providing Shipping Guarantee issued by OCBC.

Quick turnaround

Fast application process to reduce delays thereby quick access to your goods.

Fast application process to reduce delays thereby quick access to your goods.

How it works

Step 1

Seller ships out the goods and submits transport documents to his bank

Step 2

In the event that your goods have arrived before the transport documents reached OCBC

Step 3

Apply for a Shipping Guarantee

Step 4

OCBC issues the Shipping Guarantee for you to collect your goods

Step 5

Return the Shipping Guarantee to OCBC when you receive the original shipping documents
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Fees and charges

Documents routed through bank
S$75 flat
Documents not routed through bank
0.125% of the invoice amount.
Minimum fee of S$75 applies.
Outstanding Shipping Guarantee
(1 month from issue date)
0.5% of the invoice amount for 2 months.
Minimum fee of S$70 per 2 months applies.

Important notice

You can only apply for a Shipping Guarantee if you have a credit facility with OCBC.

Ways to apply

Apply for a Shipping Guarantee today

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