Shipping Guarantee-i (SG-i)

SG-i is a facility granted by the bank to importers for the clearance of goods purchased at the port, without the original Bill of Lading (BL) being presented. The bank will issue a Shipping Guarantee-i (SG-i) in favour of the Shipping Company/agent to enable the customer (the importer, consignee or buyer) to take delivery of the merchandise.

Features

Type of facility

  • Trade Bills-i Facility
Benefits
  • Peace of mind since the facility is governed by globally-recognized rules issued by the International Chamber of Commerce
  • Take hold of your goods faster, pending arrival of shipping Bill of Lading
  • Saving on port charges and demurrage fees
  • Commission as low as 0.1% flat or minimum of RM50.00
  • Globally accepted Shariah concept used
  • Low late payment charges
  • No processing fees
Eligibility
  • Sole Proprietor
  • Partnership/ Limited Liability Partnership (LLP)
  • Private and Public Limited Company
  • Government / Statutory Bodies
Requirements
  • Malaysian-controlled or Malaysian-owned business
  • Confined to the Halal business/requirement
  • Customer must have good credit record and subject to bank’s credit criteria


How to Apply

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