SHIPPING GUARANTEE-i (KAFALAH)

Take the delivery of the goods before receipt of Bill of Lading/Air Waybill

Why you will love this

Save on storage and demurrage charges

Obtain goods faster when bill of lading is in transit

Use this when your payment methods are under Letter of Credit-i or Documentary Collection-i

Based on the Shariah principle of Kafalah

FEATURES AND BENEFITS
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Reduce unnecessary storage and demurrage costs

Avoid storage and demurrage charges when goods arrive before the transport documents.

Avoid storage and demurrage charges when goods arrive before the transport documents.

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Efficient access to goods to capitalise on business opportunities

Facilitate release of goods by providing Shipping Guarantee-i or an Air Waybill Endorsement-i issued by OCBC Al-Amin.

Facilitate release of goods by providing Shipping Guarantee-i or an Air Waybill Endorsement-i issued by OCBC Al-Amin.

Quick turnaround

Fast application process to reduce delays, giving you quick access to your goods.

Fast application process to reduce delays, giving you quick access to your goods.

HOW IT WORKS
DIGITALISE YOUR TRADE FINANCE ON OCBC VELOCITY
OCBC VELOCITY

Don’t have OCBC Velocity?

Apply for OCBC Velocity and manage your trade finance portfolio on-the-go.

Before you apply

Important notice

You can only apply for a Shipping Guarantee-i/Air Waybill Endorsement-i if you have a trade finance facility with OCBC Al-Amin.

READY TO APPLY?

Apply for a Shipping Guarantee-i/Air Waybill Endorsement-i today.

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