Advanced Endorsement (AE)

We provide endorsement on your original transport document when such document is consigned to the order of Affin Bank as to enable you to take possession of the goods.

This service allows massive savings on port charges or demurrage fees and allows faster clearance of goods in cases of late receipt of complete set of import documents drawn under our LC.

Features

  • Allows to take possession of the goods in cases where there is delay in arrival of the Bill of Lading / Airway Bill
  • Endorsement is done prior to payment of the consignment/goods
  • Endorsement is done when transport documents is consigned to us

Benefits

Buyers:

  • Allows to take possession of the goods in cases where there is delay in arrival of the full set of transport documents
  • Avoid possible losses due to deteriorating conditions of the goods
  • Enable buyer to clear the goods immediately to eliminate storage, demurrage and handling charges
  • Faster clearance of goods

Eligibility

  • Malaysian buyers (Domestic Purchases & Imports)
  • Delivery of goods is drawn under the Bank’s Letter of Credit only

Requirements

  • Approved Letter of Credit/ SG Facility with the bank
  • Application must be made in the bank’s standard Application Form, Indemnity Letter duly completed and signed by your authorised signatory/ies
  • Each application must be accompanied by copy invoice and original transport document

How to Apply

  Leave us your contact details so that we may reach out to you

Click here

  Contact our Call Centre at +603-8230 2222 or visit the nearest Business Centre nationwide today.

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