
In certain situations your goods may arrive in port before the shipping documents have been processed through the banking system. HSBC in mainland China can issue a shipping guarantee, allowing you to take control of the goods from the shipping company without the bill of lading.
A shipping guarantee issued by HSBC is universally accepted by all shipping companies and can offer you the following advantages:
• Enables immediate possession of goods before payment
• Avoids unnecessary delays to the day-to-day running of your business
• Eliminates expensive demurrage/storage charges
• Allows the deferment of payment until your supplier's documents have been presented