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What do you need help with?
you are in GROUP WHOLESALE BANKING
Minimise potential damage to perishable goods due to delays in receipt of documents.
Collect goods to begin sales/production. Payment only upon document presentation.
Collect goods upon arrival at port to avoid incurring additional demurrage charges.
| Services | Fees |
| Issuance under Letter of Credit | S$75 flat |
| Issuance under Collection Bills | 1/8%, min. S$75 |
| Unredeemed Shipping Guarantee | 1/2% for every 3 months, min S$75 |
| Services |
| Issuance under Letter of Credit |
| Issuance under Collection Bills |
| Unredeemed Shipping Guarantee |
Click here for other charges applicable to all trade products.
Indemnity by the Bank favouring Shipping Company to release goods in lieu of Original Bill of Lading.
Bank will endorse the copy of AWB or Railway Receipt enabling importer to take delivery of goods.
Bank endorses the 1/3 Original Bill of Lading that customer receives to take delivery of goods.
Log in via UOB Infinity.
Select Trade Services (BIBPlus).
Select Shipping Guarantee, complete the application and press submit.
In International trade, the underlying goods may arrive at the buyer's country before the complete set of transport documents are received and processed through the banking system.
Under such circumstances, a Shipping Guarantee enables the buyer to take possession of the goods.
You may submit your application or collect your trade documents at any of our Trade Counters. Click here to find the Trade Counter nearest to you.
Secure your shipment with confidence by issuing a Letter of Credit to your supplier.
Maximise your working capital and better manage your cash flow.
A simple way for resellers to purchase goods by transferring the Issuing Bank's original LC to another beneficiary.
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