shipping guarantee

Shipping Guarantee/Air Waybill Endorsement

Take your cargo early to avoid demurrage charges

Shipping Guarantee/Air Waybill Endorsement

Take your cargo early to avoid demurrage charges

At a Glance
A Shipping Guarantee/Air Waybill Endorsement will enable the release of your cargo without original Bill of Lading/Air Waybills and you can take your cargo quickly to avoid incurring demurrage charges.

Efficient

Take the cargo before receipt of shipping documents and expedite your business activity

money

Cost-effective

Avoid expensive demurrage charges if your goods are released in a timely manner

Speedy turnaround

Get your Shipping Guarantee/Air Waybill Endorsement issued in just 30 minutes

Features & Benefits

Expedite goods collection

Save the transit time of shipment documents and avoid unnecessary delays

Convenient

Apply for a Shipping Guarantee/Air Waybill endorsement online through DBS IDEAL

How to Apply

Submit the following documents:

  • Application form
  • Copy of the shipping document
  • Indemnity letter from the shipping company

at one of our Trade Collection Branches or SME Banking Centres

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 Documentary Credit. However, if you apply under our Inward Bill Collection (DA/DP), we’ll utilise your existing credit limit with us. Please call DBS BusinessCare at 2290 8068 for more information.

How long does it take to process?

We can process your Shipping Guarantee/Air Waybill Endorsement in just 30 minutes if we receive the application before 6pm.

How do I redeem it?

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 it?

Shipping Guarantee/Air Waybill Endorsement will be cancelled once the original Shipping Guarantee/Air Waybill is returned to DBS.