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What is the shipping guarantee and what is the risk to issue bank guarantee?
Wiki User
∙ 11y ago
Normally margin of a siping guarantee SG 300%,since before getting the original documentation, the ownership is given to the shipper. SG is issued in favour of the carrier of the goods.
so basically SG is an compensation given by the consignee to which the Bank jointly
compensates the carrier of goods so that the consignee can take delivery of the goods
without producing the relevant BOL. The consignee and the Bank jointly undertake to compensate the carrier against all liabilities relating to the delivery
Devinka Valentine
Wiki User
∙ 11y agoShipping guarantee coming to place where the original documents relating to a shipment is not arrived to the importer's hand to clear the goods from customs.
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Risk is a future event that may have an impact on triple constraint (Budget, scope and schedule). An issue is present problem or concern influencing triple constraints. A risk can become an issue, but issue is not risk - it has already happened.
What is a transferable risk?
a third party guarantee or an insurance
What has the author Amir H Alizadeh written?
Amir H. Alizadeh has written: 'Shipping derivatives and risk management' -- subject(s): Risk management, Shipping
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a third party guarantee or an insurance
What a risk transfer mechanism?
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What are the type of risk involved in banking industry?
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