2.4.6 Special features / conditions, if any
Cash margin (if any) held against the LC will be proportionately forwarded and will be kept as SG margin to recover additional margin at the time of issuance of SG
Recovery of margin against import loan and will be settled upon its maturity only, irrespective of settlement of documents. Upon the receipt of documents against the shipping guarantee, bill will be liquidated against the margin held and the loan will not be touched.
Parent topic: Islamic Shipping Guarantee (SGLI)