Allowing you to claim your goods at the port before receiving Bill of Lading
- Imagine you’re a BMW car dealer and a customer demanded 20 units of BMW cars. Your supplier, BMW Germany is able to fulfil your request in a day
- Your bank (Alliance Islamic Bank) will issue a LC-i on your behalf and with this trade finance facility, you are entitled to claim the goods once the ship arrives at the port
- With this solution, you can avoid paying unnecessary demurrage charges or penalties for not being able to claim your goods at the port
- SG-i is based on Shariah contract of Kafalah (guarantee)
- SG-i Issued in Ringgit Malaysia
- No amount
- No expiry