When it comes to customs clearance and import/export documentation in Singapore, businesses often face financial bottlenecks in the form of duties, taxes, and security deposits. One powerful tool that can ease this burden is a Banker’s Guarantee (BG) and that’s where Declarators steps in with a strong edge.
What is a Banker’s Guarantee?
A Banker’s Guarantee is a written assurance from a bank that guarantees payment on behalf of a company to a third party in this case, Singapore Customs or other authorities. It’s commonly used to secure obligations related to GST deferments, temporary import/export permits, and bonded warehouse arrangements.
Why Choose Declarators' Banker’s Guarantee Services?
✅ Faster Clearance with Reduced Upfront Cost
Declarators’ established Banker’s Guarantee arrangements mean our clients don’t have to fork out large amounts of cash upfront for customs duties or import bonds. This gives your business more cash flow flexibility and faster cargo release, especially for high-value or time-sensitive shipments.
✅ No Need for Your Own BG
Instead of going through the lengthy and often costly process of applying for your own Banker’s Guarantee with a financial institution, Declarators allows you to leverage our existing BG facilities, saving you time, paperwork, and effort.
✅ Ideal for Temporary Import/Export
Need a Temporary Import Permit (TIP) or are you shipping goods under Carnet or Repair & Return schemes? Declarators can provide the necessary Banker’s Guarantee to ensure smooth and compliant transit, avoiding delays and unnecessary penalties.
✅ Lower Administrative Burden
Applying for a BG from a bank involves credit checks, documentation, and fees. With Declarators, all of that is streamlined. We handle the customs-related BG processes so you can focus on your core business.
✅ Regulatory Trust & Compliance
Declarators is a trusted name in the industry, with a proven track record of compliance and professionalism. Our Banker’s Guarantee is recognised by Singapore Customs, making us a reliable partner to manage your bonded shipments and permits.
Our Banker’s Guarantee Services:
- Temporary Export and Import Permits
- Goods under Inward Processing Relief (IPR)
- Customs Warehousing
- Carnet Processing
- Re-export with Security Bond Requirements
Why This Matters to Your Business?
In today’s competitive logistics and trade environment, being able to move goods quickly and cost-effectively is critical. Declarators’ access to a Banker’s Guarantee is not just a convenience it’s a strategic advantage that gives our clients speed, compliance, and financial flexibility.
Ready to Use Our Banker’s Guarantee?
Let us simplify your customs declaration journey. Whether you’re an SME or a multinational, we’ll help you unlock smoother operations with our comprehensive customs solutions powered by Banker’s Guarantee.
🌐 www.declarators.com.sg
📧 group@declarators.com
📞 +65 6385 2155
