Export Services

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SABB provides Export Services such as Documentary Collections and Credits, DC advising, DC confirmation, DC transfers and safe custody.

SABB Export Services

Whether you are a new or long-established exporter, SABB Trade and Supply Chain can help to reduce your risks, allowing you to focus on growing your export business. Simply request your buyers to advise documentary credits through SABB to benefit immediately from our international network. What's more, if your customer is the beneficiary of a documentary credit issued by an HSBC Group office, they are entitled to the same level of service excellence as any of our regular customers.

DC Advising

DC Advising helps streamline export procedures when Documentary Credits are issued by your buyers favouring yourself. SABB’s association with HSBC and global connectivity with banks in many countries enable your buyers to advise credits issued by banks worldwide through SABB. Our services allow Customers to start arranging shipment quickly and avail of other value added services including confirmation to mitigate bank/ country risk.

DC Safe Custody

DC Safe Custody provide you the service of storing original Documentary Credits (DCs) free of charge. DCs can be stored at any of SABB’s Trade and Supply Chain offices minimising the risk of losing an original DC in transit, Whenever a DC is needed, simply submit your export documents and we’ll do the rest.

Transferred DC

As trading companies, Customers can transfer DCs to multiple suppliers without the need for credit facilities to ensure that the underlying goods are supplied in accordance with the terms and conditions of the original DC. Transferred DC’s reduce the risk of non-payment by having a bank payment obligation transferred to you. Transferred DC’s enable the recipient to secure financing in some countries where a Documentary Credit (DC) is required. 

If your customer is a middleman, trading house or sourcing office, you might receive a Transferred DC as the payment method. The buyer issues a Transferable DC to your customer who then transfers all or part of the DC to you to source the goods and effect payment. You are paid when the buyer pays your customer. If you are a trading house or sourcing office you can use our services to transfer DCs to your suppliers. 

* Please note that your customer may not transfer subsequent amendments pertaining to the original DC to you. 

*All Documentary Credits are subject to Uniform Customs and Practice, International Chamber of Commerce no 600 (UCP 600) publication dated 01 July 2007.

Documentary Collections

Documentary Collections protect your interests by handling your document and payment collections for you. It is a more secure and cost effective way to trade if your buyer does not issue Documentary Credits (DCs).
Documentary Collections reduce the risk of disputes as they are governed by URC522 which clearly defines the responsibilities of each party, along with interest and expense issues. 

There are two payment types under documentary credit:

  • Documentary Collection against payment (D/P) Documents released against payment
  • Documentary Collection against acceptance (D/A) Documents released against acceptance , with commitment to pay at a future date. 

*Please note that SABB’s involvment in the transaction does not guarantee the payment. If you require a guarantee of payment from your buyer’s bank then you need to request for an avalisation of the collection documents from them.

SABB Islamic Trade Solutions

SABB is committed to providing its Customers with a range of innovative Islamic financial solutions. Choosing SABB Islamic Trade Solutions means that Customers can be certain that their trade facilities are structured in accordance with Shariah requirements. SABB offers a comprehensive range of trade solutions to facilitate the needs of businesses in the Kingdom of Saudi Arabia.

Islamic Pre-Shipment Export Finance

Islamic Pre-Shipment Export Finance is a Shariah compliant solution that assists Customers in fulfilling export orders in hand. Customers can obtain financing to buy raw materials, manufacture goods and pack them pending shipment against presentation of a Documentary Credit or Confirmed Purchase Order from their buyer.

Islamic Post-Shipment Export Finance

Islamic Post-Shipment Export Finance is a Shariah compliant solution that provides access to exports or sales proceeds ahead of due date. The proceeds of the export bill are then used to settle the Customers post-shipment export finance