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Advanced Endorsement (AE)
Provide endorsement on your transport document when such document is consigned to the order of the Bank as to enable you to take possession of the goods.
Features
Allows you to take posession of the goods in cases where there is a delay in arrival of the Bill of Lading/Airway Bill.
Endorsement is done prior to the payment of the consignment/goods.
Endorsement is done when the transport documents are consigned to the Bank.
Benefits
Efficient Clearance of Cargo
Allows you to take possession of the goods pending arrival of transport documents.
Save on Port Charges
Immediate clearance of goods saves on port, demurrage and handling charges due to extended storage of goods.
Avoid Unnecessary Loss
Avoid possible losses due to deteriorating condition of the goods.
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