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?
You don’t need a credit facility if you apply for a Shipping Guarantee/Air Waybill Endorsement under a Documentary 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.
We can process your Shipping Guarantee/Air Waybill Endorsement in just 30 minutes if we receive the application before 6pm.
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.
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.