If your goods imported under Letters of Credit have arrived at the port before shipping documents have been processed through the banking system, RHB Bank can issue a Shipping Guarantee which allows you to take possession of the goods from the shipping company or agent in the absence of the original Bill of Lading.
Benefits
Enables the buyer to take delivery of goods immediately
Eliminates storage, demurrage and handling charges
Improves cash flow by allowing deferment of payment until the supplier's documents have been presented
Avoids possible losses due to deteriorating condition of the goods
