Import Services

Shipping Guarantee/Air Waybill Endorsement

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?

  • Improve efficiency by requesting a Shipping Guarantee/Air Waybill Endorsement, which can be issued by our experienced team in just 30 minutes if we receive the application before 6pm (on a working day)
  • Avoid expensive demurrage charges and unnecessary delays
  • Save time by applying for a Shipping Guarantee/Air Waybill Endorsement electronically through IDEAL™, our online banking platform

 

Pricing

 

Item

Pricing

Documentation processed under a DBS LC

SGD 80

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)

 

FAQs

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

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.

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

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.

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

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.

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 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).

Get In Touch

DBS BusinessCare 1800 222 2200

Get In Touch

DBS BusinessCare 1800 222 2200