Import Services

Shipping Guarantee/Air Waybill Endorsement

Take delivery of your cargo quickly to avoid costly demurrage charges

Facilitate your incoming shipments quickly and easily. Our Shipping Guarantee/Air Waybill Endorsement is a letter of indemnity from DBS that enables the release of your cargo without the need to present the original Bill of Lading/Air Waybill. If your cargo arrives in China before the shipping documents, we help you take delivery quickly so you avoid incurring heavy demurrage (withholding of cargo at port) charges.

 

Why choose DBS Shipping Guarantee/Air Waybill Endorsement?

  • Improve efficiency by requesting a Shipping Guarantee/Air Waybill Endorsement, which can be issued by our experienced team in just 30 minutes
  • Avoid expensive demurrage charges and unnecessary delays
  • Improve the efficiency of your daily operations

 

Pricing

Issuance

USD 40 or equivalent

Shipping Guarantee not returned within 60 days

0.125% per month; min one month and USD 40 or equivalent

FAQs

Do I need a credit facility to apply for a Shipping Guarantee/Air Waybill Endorsement?

You do not need a credit facility if you apply for a Shipping Guarantee/Air Waybill Endorsement under a Letter of Credit. However, if you apply under our Inward Bill Collection (DA/DP), we will utilise your existing credit limit with us. Please call us at 4008208988 for more information.

How long does it take to process a Shipping Guarantee/Air Waybill Endorsement?

We can process your Shipping Guarantee/Air Waybill Endorsement in just half an hour if we receive the application before 3pm. If we receive the documents after 3pm, we will process them within the next working day.

How do I redeem a Shipping Guarantee/Air Waybill Endorsement?

Once you have paid the documents, you will need to submit the original bills of lading or Air Waybills to the shipping company in order to redeem your Shipping Guarantee/Air Waybill Endorsement.

How do I cancel a Shipping Guarantee/Air Waybill Endorsement?

Please return the original Shipping Guarantee/Air Waybill Endorsement to DBS for cancellation.

 

How do I apply?

Simply call us at 400 820 8988 (or +86 400 820 8988 if you're overseas) or visit any of our Branches. You may also email us and our Relationship Manager will contact you as soon as possible.

 

Disclaimer:

The information provided in this website is for general information only and nothing contained in this website constitutes an invitation, offer or solicitation with respect to the entry into transactions mentioned in this website or subscription, purchase or sale of any products, services, securities or other financial instruments mentioned in this website or the taking of any position or the adoption of trading strategy in respect of any asset class (eg. currency, interest rate, commodity, equity etc). The information provided in this website is not provided with regard to the specific investment objectives, financial situation and the particular needs of any particular person who accesses this website.

 

The information provided on this website is subject to change without notice, its accuracy is not guaranteed, and it may be incomplete or condensed. Accordingly, no representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information in this website. We are not acting as your advisor or agent when providing the information in this website. The information in this website does not purport to identify the risks (direct or indirect) or other material considerations which may be associated with you entering into a particular transaction, subscribing for a particular service or purchasing or selling a particular security or financial instrument. Prior to entering into any proposed transaction or entering into any subscription, purchase or sale of any security or financial instrument, you should determine (after consultation with your own advisors if you deem fit), without reliance upon us or our affiliates, the economic risks and merits, as well as the legal, tax, accounting or other material characterisations and consequences of the transaction, subscription, purchase or sale, as the case may be, and that you are able to assume these risks.

 

We, and/or our affiliates, may hold, or trade, or act as market-maker, in any securities or other financial instruments mentioned in this website or related derivatives or may take positions or use trading strategies in respect of any asset class similar to or which differ from or be contrary to those mentioned in this website. We, and/or our affiliates conduct many businesses and activities that may relate to issuers of third party securities mentioned in this website and may provide broking, banking and other financial services to such issuers.

 

Anyone receiving or accessing this website must make their own assessment of the materials herein and conduct such investigations and seek such professional advice as they think fit for such purpose. The information provided on this site should not be regarded by recipients as a substitute for the exercise of their own judgment.

 

© DBS BANK LTD, 2013. All rights reserved. Any unauthorized use, duplication or disclosure is prohibited by law and will result in prosecution.

Awards
Best Structured Trade Finance Solution, China 2015

Best Structured Trade Finance Solution, China 2015

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