of the goods and arrange clearance with the Department of Customs & Excise. Against the customer's undertaking to pay the Bank once the goods have been sold, the supplier overseas will be paid directly by the Bank subject to all exchange control formalities.

Shipping Guarantees

This is a type of guarantee issued by our Bank to a shipping company via an overseas bank, to enable the shipping company to clear goods, where there has been a delay in receiving the original negotiable bills of lading. Upon receipt of the shipping guarantee the shipping company releases the goods to the importer in Zambia without presentation of the relevant transport documents. This avoids extra demurrage and storage costs applicable to the importer, when clearance of goods is delayed.  Customers are expected to submit to the Bank the relevant bills of lading for the consignment, to allow the Bank to redeem the guarantee from the shipping company.

Loans Against Imports

Loans against imports are granted where the Bank holds the documents of title to goods which are warehoused to the order of the Bank.

How it works

On receipt of shipping documents, major importers can request our Bank to store goods in a nominated warehouse under our own name, until they require to release them against final payments.

Prospective Customers

Major importers who order goods in bulk and have a well established reputation, but have a seasonal cash flow problem.