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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 Waybill. If your cargo arrives in Hong Kong before the shipping documents, we help you to take delivery quickly so you avoid incurring heavy demurrage (withholding of cargo at port) 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
Countersign Shipping Guarantee / Air Waybill Endorsement |
|
- under Letter of Credit (LC) | Min HKD 300 |
- not under DC | Min HKD 400 |
Shipping Guarantee / Air Waybill Endorsement outstanding for more than one month | Min additional HKD 200 per month |
Documents not channelled through DBS after countersign Shipping Guarantee / Air Waybill Endorsement | 1/4%, min HKD 300 |
FAQs
Do I need a credit facility to apply for a Shipping Guarantee/Air Waybill Endorsement?
You don’t need a credit facility if you apply for a Shipping Guarantee/Air Waybill Endorsement under a Letter of Credit. However, if you apply under our Inward Bill Collection (DA/DP), we’ll utilise your existing credit limit with us. Please call us at 2290 8068 for more information.
How long does it take to process a Shipping Guarantee/Air Waybill Endorsement?
We can process your Shipping Guarantee/Air Waybill Endorsement in just 30 minutes if we receive the application 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 to the shipping company in order to redeem your Shipping Guarantee. For air waybill endorsement, DBS will close the transaction record after receiving the original air waybill.
How do I cancel a Shipping Guarantee/Air Waybill Endorsement?
Shipping Guarantee/Air Waybill Endorsement will be cancelled once the original Shipping Guarantee/Air Waybill is returned to DBS.
How do I apply?
Simply submit your application form, a copy of the shipping document and an indemnity letter from the shipping company at one of our Trade Collection Branches or Enterprise Banking Centres.
Get in Touch
DBS BusinessCare: 2290 8068