How to Lodge Security
You can lodge the security in the form of a Banker’s Guarantee, Finance Company Guarantee or an Insurance Bond.
Download the Security Application Form and bring it to your bank, finance company or insurance company for lodgement of the Banker’s Guarantee/Finance Company Guarantee/Insurance Bond
Further points to note:
- Except for securities that are lodged for an ad-hoc basis (e.g. temporary importation of an ad-hoc shipment), the security lodged should be valid for at least one year, with the expiry date set to 31 December of the following year.
- The bank, finance company or insurance company must be registered with the Monetary Authority of Singapore (MAS).
- The insurance company must be a Direct Insurer (General) or Direct Insurer (Composite) listed under MAS’s Financial Institutions Directory.
Submit the original security to:
Procedures & Systems Branch
55 Newton Road #09-01
Upon receipt of the security, Singapore Customs will register the security within 3 working days. Upon successful registration, we will send a notification by email or fax to the Primary Contact (or the Secondary Contact should transmission to your Primary Contact fails) registered in your Customs Account. Please ensure that the particulars of the Primary Contact and Secondary Contact registered in your Customs Account are updated for them to receive the notifications.