HANSE OIL Support Center

Contact Us

HANSE Shipping Guarantee

A HANSE Shipping Guarantee is an indemnity given by the customer, countersigned by the bank, to a shipping company or its agent to allow the shipping company to release the merchandise to the consignee named in the Bill of Lading without the presentation of the original Bill of Lading. Similar to BG-i, it is based on HANSE Bank Finance Rules where it is a contract of guarantee or surety given by one party to discharge the liability of a third party in the case of default.

Powered by HelpSite