Shipping Guarantee-i

Shipping Guarantee-<i>i</i>

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.

Open Account Trade

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

Beware of fake Al Rajhi Bank website! Follow our security tips Here