Shipping Guarantee-i (SG-i)
Shipping Guarantee-i is a facility where the Bank indemnifies and guarantees the shipping company for the release of goods to the buyer/importer without the presentation of the original Bill of Lading. Issued under the Kafalah contract, it can be defined as a surety provided by a party to the owner of the goods, who had placed or deposited his goods with the shipping company, whereby any subsequent claim by the owner for his goods must be met by the guarantor (the Bank).
Benefits & Features
Benefits of using our products:
- You can take delivery of goods immediately
- You will not have to incur demurrage and warehousing charges
- Enables you to sell the goods without delay
Cut-off time
Application received by 1:00pm* will be processed on the same day.
* Subject to all terms and conditions complied with
Fees & Charges
Click here for view Shipping Guarantee-i (SG-i).
Product Disclosure Sheet
Click here to download the PDS for SG-i
Click here to download the PDS for SG-i – Malay Version
Forms
Click here to download Form for SG-i (BB 14)
Click here to download the Form for SG-i (BB 15)
