- With Internet Banking, you can conduct your banking transactions conveniently at home or any place that has internet access.
- Internet Banking provides a comprehensive range of online transactions and information that can help you better manage your finances.
FAQ
Internet Banking is an electronic service provided by CB Bank which allows you to perform transactions, payments etc. over the Internet - through a bank’s secure website.
If you have applied your Shipping Guarantee:
For Delivery without Bill of Lading
You are required to return your Original Bill of Lading to your Shipping Company in exchange for the Shipping Company’s Letter of indemnity and return this indemnity to CB Bank to discharge your liability.
For Endorsement of Airway Bill
You are not required to return the Original Airway Bill to CB Bank / Airline Company or agents You may keep it for your records.
For Endorsing Original Bill of Lading
You are not required to return the Original Bill of Lading to CB Bank / Shipping Company. You may keep it for your records.
You can simply use the Application Form with Company Letter Head
For Delivery without Bill of Lading
Application & Indemnity for Shipping Guarantee – Delivery without Bills of Lading
For Endorsement of Airway Bill **
Application & Indemnity for Endorsing of Airway Bill
For Endorsing Original Bill of Lading **
Application & Indemnity for Endorsing Original Bill of Lading
Submit the completed Shipping Guarantee Form bearing the signatures of Company Signatories and Company stamp together with the required attachment to any CB Bank Branch.
The Applicant (Buyer) may apply for a Shipping Guarantee (SG) issued by CB Bank in favors of the shipping company. This is to facilitate clearance of cargo from the port and to avoid paying demurrage charges when the vessel is arriving before the receipt of shipping documents called for under CB Bank’s LC. This SG will subsequently be redeemed by the Applicant when original BLs is presented under CB Bank’s LC.
Shipping Guarantees are formal financial obligations or undertakings in favour of third parties, issued by banks on behalf of customers, to facilitate their business dealings.
Please contact us before the contract end.
Interest is calculated on the daily OD balance used and payable quarterly.
You can repay total OD outstanding at any time during the term of the Credit Facility granted and pay up the accrued interest on the OD every quarter, and subject to the directives of the Central Bank of Myanmar (CBM). CBM would require you to repay the OD outstanding to a zero balance for a consecutive 2 weeks period during the term of the Facility.
The maximum amount will be 50% of the forced sale value (FSV) of your property as assessed by the appointed property valuer.
Mostly, CB Bank would grant an overdraft facility on a fully secured basis using your immovable properties like land and buildings as collateral.