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 Waybills. If your cargo arrives in Singapore before the shipping documents, we help 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 airway bills 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 an indemnity letter from the shipping company to any of Trade Document Counters at Marina Bay Financial Centre, Towner and Jurong Gateway (Toh Guan).