Shipping Guarantee-i is a guarantee issued by the Consignee / Importer countersigned by the Bank to indemnify the shipping company to enable the Consignee/ Importer acquire goods without presentation of the original Bill of Lading
CONCEPT
BENEFITS
- Importers can obtain goods immediately before the arrival of original documents such as Bill of Lading etc
- To avoid importers from demurrage charges and other port charges
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