Why wait for the export documents to arrive and lose precious time and money in the process? With Al Rajhi Bank’s Shipping Guarantee-i, you will be able to claim immediate possession of the goods you have ordered without making payment first or being presented with the necessary documents by your supplier. Avoid paying costly demurrage or storage charges. We provide the documents required to release your purchases so that you can expedite the delivery of your goods and minimise idle waiting time.
Let us manage your "open trade" and "merchanting trade", and ease your reconciliation.
As our customer, we will manage your incoming outgoing payments.
TRADE SERVICES | CUT-OFF TIMES | TURNAROUND TIMES |
---|---|---|
Issuance of Letter of Credit (LC-i) - Imports New / Amendment (Subject to applications received complete and in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
New Inward Bills under LC-i - Document Checking - Document Arrival Notice |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Inward Bills under LC-i Acceptance (Subject to acceptance instruction received) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Inward Bills under LC-i Payment (Subject to Payment Instruction received are in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
New Inward Bills for Collections (IBC-i) - Document Arrival Notice - Acceptance (Subject to all documents received are in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Inward Bills for Collections (IBC-i) Payments (Subject to payment Instruction received are in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Exports – Advising/Confirming/ Transfer of Export LCs (Subject to all inward LCs received) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Export Collection under LC / Non LC (OBC-i) - Documents Examination - Bill Creation / Payment (Subject to documents received complete and in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Shipping Guarantees (SG-i) New/Cancel (Subject to application and documents received complete an in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Air Waybill / Bill of Lading Endorsement (Subject to application and documents received complete an in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Banker’s Guarantees (BG-i) & Standby Letters of Credit (SBLC-i) New / Amendment (Subject to application/request received are in order and comply to standard procedure) |
By 12.00 pm | |
Banker’s Guarantees (BG-i) & Standby Letters of Credit (SBLC-i) Cancellation (Subject to applications received complete and in order) |
By 12.00 pm | |
Banker’s Guarantees (BG-i) & Standby Letters of Credit (SBLC-i) Claim (All claims on BG to be processed within 7 business days from receipt date of letter of demand at TSD counter) |
By 12.00 pm | |
Trade Commodity Financing-i Purchase Commodity & Disbursement (Subject to application and documents received complete and in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Trade Commodity Financing-i Partial Settlement/ Early & Full settlement |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Bank Guarantee (BG-i) – Wakalah against Cash Margin - New / Amendment (Subject to application and documents received complete and in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day |
Kindly provide us with your details and our Bank representative shall get in touch with you soon.
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