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 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?

  • 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
  • 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 airway bills 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 an indemnity letter from the shipping company to any of Trade Document Counters at Marina Bay Financial Centre, Towner and Jurong Gateway (Toh Guan).