ate of shipment.

Shipper

See consignor

Shipping Guarantee (SG)

Guarantees of this nature are required to enable customers to obtain goods before the arrival of the documents of title, and are issued to the shipping companies by the Bank against an undertaking to forward the bills of lading when they are received. The Bank normally take 100% cash margin against the value of the goods if the customer does not have T/R facility.

Shipping Terms

See Incoterms

Sight

A bill payable at sight is payable on presentation to the drawee i.e. on demand.

Snags

Irregular bills; import and export.

Standby Credit