SHIPPING GUARANTEE

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 or Documentary Collection

FEATURES AND BENEFITS

Reduce unnecessary storage and demurrage cost

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

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

Efficient access to goods to capitalise on business opportunities

Facilitate release of goods by providing Shipping Guarantee or an Air Waybill endorsement issued by OCBC Bank.

Facilitate release of goods by providing Shipping Guarantee or an Air Waybill endorsement issued by OCBC Bank.

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

Step 1

Seller ships out the goods and submits transport documents to their bank

Step 2

In the event that your goods arrive before the transport documents reach OCBC Bank

Step 3

Apply for a Shipping Guarantee or Air Waybill endorsement from OCBC Bank

Step 4

OCBC Bank issues the Shipping Guarantee or provides an Air Waybill endorsement for you to collect your goods

Step 5

Return the Shipping Guarantee to OCBC Bank when you receive the original transport documents
DIGITALISE YOUR TRADE FINANCE ON OCBC VELOCITY

Go Digital

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

Fees and charges

Fees and charges would depend on various factors such as transaction amount, tenor, currency and so forth.

  View latest fees and charges

Important notice

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

WAYS TO APPLY

Apply for a Shipping Guarantee/Air Waybill Endorsement today

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OUR AWARDS AND ACCOLADES

Best Services (Asian Banks) 2021

Asiamoney Trade Finance Survey

Best in Treasury and Working Capital-SMEs – Malaysia 2021

The Asset Triple A Treasury, Trade, SSC and Risk Management Awards

Best Sustainable Trade Finance Solution in Malaysia 2020

Alpha Southeast Asia Best Deal & Solution Awards