What Is Shipping&Nbsp (Guarantee)?

　 product Definition

　　 Shipping Guarantee It means that when the original shipping document has not yet been received under the L / C and the goods have arrived, the importer may apply to the bank for a letter of guarantee for delivery and give it to the carrier for delivery, and then, after obtaining the original document, return the original document to the original delivery guarantee. Once a risk occurs, it is borne by the guarantor bank and the importer should also provide the bank with a guarantee for the redemption of the due payment (counter guarantee). Guaranteed delivery is a bank credit.

　 Important attribute

1, rate: the rate of delivery guarantee is generally 1 per thousand -2 per thousand.

2. Time limit: the period of guarantee responsibility is terminated when the original bill of lading is returned to the letter of guarantee for delivery.

　 product Characteristic

1, delivery guarantee is a kind of guarantee behavior.

2. The bank making the guarantee is the issuing bank.

3, the object of the guarantee is the delivery under the letter of credit.

4, the guaranty liability is lifted when the original bill of lading is returned to the letter of guarantee for delivery.

5, the guarantee liability of the bank under the guarantee of delivery is characterized by unlimited liability.

6, once there is a guarantee delivery procedure, no matter whether there is any discrepancy between the documents received, the customer can not refuse to pay / refuse to accept it.

　 Advantages of delivery guarantee

1, seize the opportunity of the market: only when the goods arrive earlier than the bill of lading, will it be possible for you to pick up the goods ahead of time, and seize the market opportunities.

2, reduce the pressure of funds: you can make use of bank guarantee to take delivery, customs declaration, sales and obtain sales revenue without paying the import money. You need not occupy your own funds in the whole trade process, which will help ease your cash flow difficulties.

3, improve cash flow: in the delivery guarantee business, the cash flow of import trade is "first inflow and outflow", and it can increase your net cash inflow and improve its solvency.

　 Applicable object

This kind of trade financing is applicable to enterprises that have already opened L / C in the bank, imported goods have already arrived at the port, but the documents have not arrived and are eager to handle the delivery of goods. {page_break}

　 Application conditions

1, enterprises have the right to operate import and export business.

2, the application for delivery guarantee business must be handled under the letter of credit issued by the bank, and need to be examined and approved one by one.

3, the goods have arrived at the port, but the documents have not arrived.

4, the mode of transport is by sea, and the letter of Credit stipulates that a full set of ocean bills of lading be presented.

5, other conditions required by banks.

　 Application materials

1. Application for delivery guarantee and delivery guarantee.

2. Copy or fax of bill of lading, commercial invoice, packing list, etc.

3. The shipping company's notice of arrival of goods (if any);

4, ensure that gold enters the bill and counter guarantee the corresponding information;

5. Recent financial statements of enterprises;

6, other information requested by banks.

　 Application procedures

1, importers apply to the bank to open letters of credit and submit trade contracts and other information.

2. The importer's Bank issues letters of credit to the exporter. The exporter delivers the goods according to the letter of credit and obtains the shipping documents.

3. Before the goods arrive at the destination before the shipping documents (document of title), the importer will submit to the issuing bank the information on the arrival of the goods, the invoice of the bill of lading, the recent financial statements of the enterprise, etc., and apply for the guarantee of the delivery and fill in the application form for delivery guarantee.

4, when necessary, guarantee measures should be provided or the payment for letter of credit should be implemented.

5, after the bank has passed the examination, it will issue a letter of guarantee to the carrier or his agent issuing the bill of lading or hand it to the importer after signing and sealing the shipping guarantee letter of the shipping company. The shipping company will deliver the goods on the basis of the letter of guarantee, and the importer will take delivery of the goods.

6. Upon receipt of the original documents under the letter of credit, the importer shall return the bank guarantee letter to the bank by the original shipping company.