Shipping guarantee enables customers to receive goods before receiving shipping documents and for any other reasons such as replacement of lost seaway bills.
Shipping guarantee is often issued with a Letter of credit
Shipping guarantee is the guarantee from the bank (after signing guarantee with the buyer/importer) to transport or export company to deliver goods without seaway bills.
Allow enterprises to own goods without shipping documents
Avoid unnecessary delay that can make enterprises miss business opportunities
Save costs of warehousing
Applicable to all domestic and foreign enterprises
Guarantee commitment issued by VPBank is printed in a special format prescribed by VPBank. Format of Guarantee commitment is designed with three security factors against fake guarantee, including:
VPBank logo is invisibly printed;
Serial number is pre-printed on each format of guarantee commitment;
Transaction reference number is unique to each issued guarantee commitment.
Authority to sign guarantee documents:
Guarantee documents of VPBank are simulatenously signed by three competent persons, including:
Legal representative of VPBank;
Guarantee risk manager of VPBank;
Guarantee appraiser of VPBank.
Confirmation of Guarantee commitment validity:
When a Guarantee commitment issued by VPBank is received, please carefully check identifiers above to ensure validity and legality of Guarantee commitment.