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.

Type of facility

• Trade Bills-i Facility

• 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

• Sole Proprietor
• Partnership/ Limited Liability Partnership (LLP)
• Private and Public Limited Company
• Government / Statutory Bodies

• 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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