shipping guarantee

Shipping Guarantee/Air Waybill Endorsement

Take your cargo early to avoid demurrage charges

At a Glance
A Shipping Guarantee/Air Waybill Endorsement will enable the release of your cargo without original Bill of Lading/Air Waybills and you can take your cargo quickly to avoid incurring demurrage charges.

Efficient

Take the cargo before receipt of shipping documents and expedite your business activity

money

Cost-effective

Avoid expensive demurrage charges If your goods are released in a timely manner

Speedy turnaround

Get your Shipping Guarantee/Air Waybill Endorsement issued in just 30 minutes

Features & Benefits

Expedite goods collection

Save the transit time of shipment documents and avoid unnecessary delays

Convenient

Apply for a Shipping Guarantee/Air Waybill endorsement online through DBS IDEAL

Eligibility & Fees
Item Pricing
Documentation processed under a DBS LC S$80
Documentation processed under Inward Bill Collection (DA/DP) 1/4% flat, min S$80
Guarantees outstanding/unredeemed guarantee 1/4% per month, min S$80 (outstanding after 30 days)
How to Apply

Submit the following documents:

  • Application form
  • Copy of the shipping document
  • Indemnity letter from the shipping company

at any of our Trade Document Centers or designated branches or submit the application through DBS IDEAL.

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

Yes, it is required. Please contact DBS Business Care at 1800 222 2200 (in Singapore) or +65 6222 2200 (outside Singapore) for more information.

How long does it take to process?

If your application is within banking facilities and your documents are complete and in order, we can process your application on the same day (if received at our MBFC Trade Counters before 6pm).

How do I redeem it?

Once you have paid the documents, you need to submit the original Bills of Lading/Air Waybills to the shipping company to redeem your Shipping Guarantee/Air Waybill Endorsement.

How do I cancel it?

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