{"id":12265,"date":"2020-06-02T16:12:32","date_gmt":"2020-06-02T08:12:32","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/?page_id=12265"},"modified":"2025-09-09T10:57:20","modified_gmt":"2025-09-09T02:57:20","slug":"maritime-port-authority-bond","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/commercial-insurance\/maritime-port-authority-bond\/","title":{"rendered":"Maritime Port Authority (MPA) Bond \/ PSA Bond \/ Jurong Port Bond"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: #ffffff;background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#ffffff;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><br><div class=\"fusion-text fusion-text-1\"><h1>Maritime Port Authority (MPA) &amp; Jurong Port (PSA) Bond<\/h1>\n<\/div><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"margin-top:0px;margin-bottom:31px;\"><h2 class=\"title-heading-left\" style=\"margin:0;\"><h2 class=\"\" data-fontsize=\"24\" data-lineheight=\"27.12px\"><em>Commercial Insurance<\/em><\/h2><\/h2><\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-0 fusion_builder_column_inner_1_2 1_2 fusion-one-half fusion-column-first\" style=\"width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><br><div class=\"fusion-text fusion-text-2\"><h3><strong>What is PSA Bond\/Jurong Port Bond?<\/strong><\/h3>\n<p>PSA bond or Jurong Port Bond is a security deposit in the form of a Banker\u2019s Guarantee or an insurance Bond required for customers transacting with PSA or Jurong Port when opening a credit account for credit terms.<\/p>\n<\/div><br><div class=\"fusion-text fusion-text-3\"><h3 class=\"fusion-responsive-typography-calculated\" data-fontsize=\"24\" data-lineheight=\"27.12px\"><strong><b>What is MPA Bond?<\/b><\/strong><\/h3>\n<p>MPA (Maritime Port Authority) bond is a security deposit in the form of a Banker\u2019s Guarantee or an insurance Bond for customers transacting with MPA to be extended credit term.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-1 fusion_builder_column_inner_1_2 1_2 fusion-one-half fusion-column-last\" style=\"width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\" style=\"width:100%;max-width:450px;\"><img decoding=\"async\" width=\"676\" height=\"399\" alt=\"Cargo ship docked at maritime port\" title=\"Maritime Port Authority Bond\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2020\/06\/Maritime-Port-Authority-Bond.jpg\" class=\"img-responsive wp-image-12268\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2020\/06\/Maritime-Port-Authority-Bond-200x118.jpg 200w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2020\/06\/Maritime-Port-Authority-Bond-400x236.jpg 400w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2020\/06\/Maritime-Port-Authority-Bond-600x354.jpg 600w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2020\/06\/Maritime-Port-Authority-Bond.jpg 676w\" sizes=\"(max-width: 500px) 100vw, 676px\" \/><\/span><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><div class=\"fusion-text fusion-text-4\"><p>The Banker&#8217;s Guarantee\/Insurance Bond amount required is S$5,000. It is required for all new MPA account applications (except for exempted entities) and shall be valid for one year from the date of application of account. The Banker&#8217;s Guarantee\/Insurance Bond requirement of each applicant is subject to regular review by MPA.<\/p>\n<p>The following entities are exempted from the security deposit requirements:<\/p>\n<ol>\n<li>Singapore Government agencies<\/li>\n<li>Charities and Institutions of a Public Character<\/li>\n<li>Industry organisations and associations as classified in the SMF Singapore Maritime Services Guide<\/li>\n<li>MPA public licensees<\/li>\n<li>Local individuals who own pleasure craft owners<\/li>\n<li>Corporate customers with an annual turnover of less than $5,000 with MPA<\/li>\n<\/ol>\n<\/div><br><div class=\"fusion-text fusion-text-5\"><h3><strong><b>Why Insurance Bond?<\/b><\/strong><\/h3>\n<p>Banker&#8217;s guarantee will often impose full cash collateral to secure the guarantee on top of bank fees. Insurance bond, on the other hand, offers a smarter alternative. It allows greater financial flexibility, freeing up capital requirement for business expenses and to take advantage of commercial opportunities.<\/p>\n<\/div><br><div class=\"fusion-text fusion-text-6\"><h3><strong><b>Documents required:<\/b><\/strong><\/h3>\n<p>The following are required for evaluation:<\/p>\n<ul>\n<li>Offer Letter\/Expiry Notice<\/li>\n<li>ACRA business profile<\/li>\n<li>Latest Financial Statements<\/li>\n<li>Latest income tax notice of assessment of all directors\/partners\/sole-proprietor<\/li>\n<\/ul>\n<\/div><br><div class=\"fusion-text fusion-text-7\"><p>For a quotation, please contact us at 6513 6984 or <a href=\"mailto:client.service@allegiance.com.sg\">client.service@allegiance.com.sg<\/a><\/p>\n<\/div><div class=\"fusion-text fusion-text-8\"><p style=\"text-align: center; margin-top: 30px;\"><a class=\"insurecontactbutton\" href=\"\/contact-us\/\"><i class=\"fas fa-comments\" style=\"font-size: 20px; color: #ffffff; padding-right: 5px;\"><\/i> Contact Us!<\/a><\/p>\n<\/div><br><br><div class=\"fusion-text fusion-text-9\"><h3>Our Testimonials<\/h3>\n<\/div><br><img decoding=\"async\" widht=\"100px\" height=\"auto\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2020\/10\/stars-1.png\"><br>\nPositive experience throughout the transaction. Very pleased to deal with their team of expert and swift personnel. Well done!<br>\n<b>Mr Helmi Ghani, Skama Shipping And Projects Pte Ltd<\/b><br>\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\/\", \n  \"@type\": \"Product\", \n  \"name\": \"Maritime Port Authority (MPA) Bond \/ PSA Bond \/ Jurong Port Bond\",\n  \"image\": \"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-content\/uploads\/2020\/06\/Maritime-Port-Authority-Bond.jpg\",\n  \"description\": \"MPA bond\/PSA Bond\/Jurong Port Bond is a security deposit in the form of a Banker's Guarantee or an Insurance Bond required for opening of credit account. MPA (Maritime Port Authority) bond is a security deposit in the form of a Banker\u2019s Guarantee or an insurance Bond for customers transacting with MPA to be extended credit term. The Banker\u2019s Guarantee\/Insurance Bond amount required is S$5,000. It is required for all new MPA account applications (except for exempted entities) and shall be valid for one year from the date of application of account. The Banker\u2019s Guarantee\/Insurance Bond requirement of each applicant is subject to regular review by MPA.\",\n  \"brand\": \"ALLEGIANCE PTE LTD\",\n  \"mpn\": \"Maritime Port Authority (MPA) Bond \/ PSA Bond \/ Jurong Port Bond\",\n  \"sku\": \"Maritime Port Authority (MPA) Bond \/ PSA Bond \/ Jurong Port Bond\",\n  \"aggregateRating\": {\n    \"@type\": \"AggregateRating\",\n    \"ratingValue\": \"5\",\n    \"bestRating\": \"5\",\n    \"worstRating\": \"1\",\n    \"ratingCount\": \"1\",\n    \"reviewCount\": \"1\"\n  },\n  \"review\": {\n    \"@type\": \"Review\",\n    \"name\": \"Mr Helmi Ghani, Skama Shipping And Projects Pte Ltd\",\n    \"reviewBody\": \"Positive experience throughout the transaction. Very pleased to deal with their team of expert and swift personnel. Well done!\",\n    \"reviewRating\": {\n      \"@type\": \"Rating\",\n      \"ratingValue\": \"5\",\n      \"bestRating\": \"5\",\n      \"worstRating\": \"1\"\n    },\n    \"datePublished\": \"2020-10-21\",\n    \"author\": {\"@type\": \"Person\", \"name\": \"Mr Helmi Ghani, Skama Shipping And Projects Pte Ltd\"},\n    \"publisher\": {\"@type\": \"Organization\", \"name\": \"ALLEGIANCE PTE LTD\"}\n  }\n}\n<\/script><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":10262,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-12265","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/pages\/12265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/comments?post=12265"}],"version-history":[{"count":22,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/pages\/12265\/revisions"}],"predecessor-version":[{"id":14014,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/pages\/12265\/revisions\/14014"}],"up":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/pages\/10262"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/wp-json\/wp\/v2\/media?parent=12265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}