Avoid costly demurrage charges by taking delivery of your cargo quickly
Facilitate your incoming shipments quickly and easily. As one of our best-in-class trade finance services, DBS Shipping Guarantee/Air Waybill Endorsement lets you take delivery quickly so that you can avoid incurring heavy demurrage charges.
Why choose DBS Shipping Guarantee/Air Waybill Endorsement?
Documentation processed under a DBS LC
Documentation processed under Inward Bill Collection (DA/DP)
1/4% flat, min SGD 80
Guarantees outstanding/unredeemed guarantee
1/4% per month, min SGD 80 (outstanding after 30 days)
Yes, a credit facility is required. Please call us at 1800 222 2200 (if you’re in Singapore) or +65 6222 2200 (if you’re calling from overseas) for more information.
Generally if your application is within banking facilities and documents are complete and in order, we can process it on the same day if we receive it at our MBFC Trade Counters before 6pm.
Once you’ve paid the documents, you 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.
Please return the original Shipping Guarantee/Air Waybill Endorsement to DBS for cancellation.
How do I apply?
Simply submit your application form, a copy of the shipping document and fan indemnity letter from the shipping company to any of our Trade Document Counters at Marina Bay Financial Centre, Towner and Jurong Gateway (Toh Guan).