For the Importer
If your goods imported under Letters of Credit have arrived at the port before shipping documents have been processed through the banking system, RHB Bank can issue a Shipping Guarantee which allows you to take possession of the goods from the shipping company or agent in the absence of the original Bill of Lading.
Benefits
- Enables the buyer to take delivery of goods immediately
- Eliminates storage, demurrage and handling charges
- Improves cash flow by allowing deferment of payment until the supplier's documents have been presented
- Avoids possible losses due to deteriorating condition of the goods
