Import Services

Shipping Guarantee/Air Waybill Endorsement

Provide assurance to your suppliers when the complying documents are presented

Facilitate release of  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 Waybills. If your cargo arrives in India before the shipping documents, we help you 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 for a Shipping Guarantee/Air Waybill Endorsement, 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/Air Waybill Endorsement electronically through IDEAL™, our online banking platform

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 visit us at any of our Branches should you require more information.

How long does it take to process a Shipping Guarantee/Air Waybill Endorsement?

We can process your Shipping Guarantee/Air Waybill Endorsement on the same day if we receive the application before 6pm on a working day. If we receive the documents after 6pm, we will process them within the next working day.

How do I redeem a Shipping Guarantee/Air Waybill Endorsement?

Once you’ve paid the documents, you will need to submit the original bills of lading or Air Waybills to the shipping company in order to redeem your Shipping Guarantee/Air Waybill Endorsement.

How do I cancel a Shipping Guarantee/Air Waybill Endorsement?

Please return the original Shipping Guarantee/Air Waybill Endorsement to DBS for cancellation.

 

How do I apply?

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