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Corporate Information
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Corporate Internet Banking
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Shipping Guarantee
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Usually in international trade business, as an importer you should pick up your goods at the shipping company with the original copy of bills of lading. However, sometimes when the cruising range is very short, the goods arrive earlier than the bills of lading. This however, will cause expensive warehousing costs and delay of production or sales. In order to avoid the losses so caused, you could apply for shipping guarantee at our bank and we will issue a guarantee to the shipping company and ask them to release the goods to you.
| |  Conditions | | |
The shipping guarantee, which you apply for, should be related with letter of credit opened by our bank.
Application Procedure | | |
- You, the applicant, should provide our bank, the issuing bank, an application for issuing shipping guarantee with corporate and legal person chops, the reference number of the letter of credit, the name of the foreign negotiation bank, a copy of the bills of lading and the invoice.
- You, the applicant, should provide our bank with your latest financial statements, a copy of the bill of lading and guarantee methods such as margins.
- After all the above procedures have been finished, we will open a shipping guarantee to the shipper who issued the bills of lading or the shipper's agent.
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