Import Services

Shipping Guarantee/Delivery Order

Take delivery of your cargo quickly to avoid costly demurrage charges

Facilitate release of your incoming shipments quickly and easily. Our Shipping Guarantee/Delivery Order is a letter of indemnity from DBS that enables the release of your cargo without the need to present the original Bill of Lading. If your cargo arrives in India before the shipping documents, we help you take delivery quickly so you avoid incurring heavy demurrage charges.

 

Why choose DBS Shipping Guarantee/Delivery Order?

  • Improve efficiency by requesting for a Shipping Guarantee, which can be issued on the same day, if you submit the application by 6pm on a working day
  • Avoid expensive demurrage charges and unnecessary delays
  • Save time by applying for a Shipping Guarantee electronically through IDEAL™, our online banking platform

FAQs

Do I need a credit facility to apply for a Shipping Guarantee/Delivery Order?

You do not need a credit facility if you apply for a Shipping Guarantee under a Letter of Credit. However, if you apply under our Inward Bill Collection (DA/DP), we will utilise your existing credit limit with us. Please call us for more information.

How long does it take to process a Shipping Guarantee/Delivery Order?

We can process your Shipping Guarantee on the same day if we receive the application before 6pm on a working day.

How do I redeem a Shipping Guarantee/Delivery Order?

Once you have paid for the documents, you need to submit the original bills of lading to the shipping company in order to redeem your Shipping Guarantee.

How do I cancel a Shipping Guarantee/Delivery Order?

Please return the original Shipping Guarantee to DBS for cancellation.

Awards

Awards we have won recently

Best Structured Trade Finance Solution: Sterling & Wilson Co-Gen Solutions 2013

Best Structured Trade Finance Solution: Sterling & Wilson Co-Gen Solutions 2013

2013
Best Trade Finance Bank – Treasury, Trade & Risk Management Awards 2013

Best Trade Finance Bank – Treasury, Trade & Risk Management Awards 2013

2013
Best Trade Finance Solution (Highly Commended) 2012

Best Trade Finance Solution (Highly Commended) 2012

2012
Best Trade Finance Solution 2013

Best Trade Finance Solution 2013

2013
Rising Star Transaction Bank 2013

Rising Star Transaction Bank 2013

2013
View All

 

How do I apply?

Simply visit us at any of our Branches and our Relationship Manager will be glad to assist you.

Get In Touch

DBS BusinessCare: 1800 419 9500

Get In Touch

DBS BusinessCare: 1800 419 9500