1. This Standard Chartered Singapore Business Banking Business Working Capital (“BWC”) Trade Utilization 2018 Promotion is available from 1 November 2018 to 31 December 2018 (both dates inclusive) (“Promotion Period”) to Business Banking customers of Standard Chartered Bank (Singapore) Limited (the “Bank”). By participating in this Promotion, you agree to be bound by these terms.
2. The following trade finance facilities with the Bank are in-scope for the Promotion:
   1. Letter of Credit (sight and usance);
   2. Acceptance against Trust Receipts;
   3. Loans against Trust Receipts;
   4. Import Loan;
   5. Import/ Export Invoice Financing;
   6. Shipping Guarantees;
   7. Credit Bills Negotiation; and
   8. Outward Bills,

(collectively, the “BWC Trade Facilities”, and each a “BWC Trade Facility”).

Eligibility Criteria

3. The Promotion is open to new or existing customers of the Bank who:
   1. present and submit to the Bank all documents as required by the Bank for the utilisation of any BWC Trade Facility; and
   2. have been granted utilisation for any BWC Trade Facility within the Promotion Period,

(collectively, the “Eligible Customers”, and each an “Eligible Customer”).

Promotion

4. Each Eligible Customer shall receive S$100 in FairPrice Gift Vouchers (“Vouchers“) for every incremental utilisation of S$50,000 in the average month-end utilization of their BWC Trade Facilities during the Promotion Period, as compared to the relevant Eligible Customer’s utilisation as of 31 October 2018.

5. Eligible Customers who qualify for the Vouchers will receive a notification message from the Bank, which shall state the total value of Vouchers the Eligible Customer can receive and the manner of redemption. The notification message will be sent to the Eligible Customers’ mobile number in accordance with the Bank’s records. Any request for early fulfilment of the Vouchers will not be granted or entertained by the Bank.
6. The Bank reserves the right to determine in its sole and absolute discretion all matters arising out of or about the Promotion, including to determine whether the Eligibility Criteria (as stated in Clause 3 above) under the Promotion have been met. The Bank’s determination of all matters relating to the Promotion shall be final and conclusive and no correspondence will be entertained.
7. Barring any unforeseen technical or other delays, the Vouchers shall be made available by 15 February 2019 after such determination has been made.

General Terms

8. The Vouchers are provided by a third-party merchant and the Bank is not an agent of the merchant supplying the Vouchers.
9. The Bank makes no warranty or representation as to the quality, value, merchantability or fitness for purpose of the Vouchers and assumes no liability or responsibility for the acts or omissions of the merchant or any non-performance or defects in the Vouchers. Any dispute about the quality, value, condition or performance of the Vouchers is to be resolved directly with the merchant. The Bank is not obliged to assist or act on your behalf in communicating with the merchant supplying the Vouchers for any reason. You accept the Voucher(s) as it is and subject to any terms and conditions the merchant may impose. No payment or compensation whether in cash, credit or kind shall be made for any uncollected, lost, misplaced, defaced, stolen or damaged Vouchers.
10. The Vouchers are non-redeemable for cash, non-transferable, non-assignable and non-exchangeable for any other item, whether in full or in part.
11. The Bank reserves the right to replace and/or substitute the Vouchers with another item or kind of reward of equivalent or similar value as the Bank may determine without giving prior notice or reason at any time or from time to time.
12. The Bank reserves the right at any time without giving any reason or notice to the Eligible Customers to clawback, deduct, withdraw, or cancel any Vouchers awarded to them without liability. The Eligible Customer will not be entitled to any payment or compensation whatsoever in respect of such clawback, deduction, withdrawal or cancellation.
13. The Promotion is not valid with other offers, privileges or promotions unless otherwise stated.
14. The Bank may vary, modify, add, delete or otherwise revise any of the terms and conditions governing the Promotion or to terminate, withdraw, extend, suspend or shorten the Promotion at any time in the Bank’s sole discretion, with or without prior notice or reason. You understand and agree to be bound by any such variation.
15. The terms and conditions of the Promotion are to be read in conjunction with our General Business Banking Terms and Conditions, Account Terms, Standard Terms and respective Country Supplements, together with our General Trade Terms and Master Credit Terms (collectively, “Standard Terms”). If there is any inconsistency between the Standard Terms and the terms and conditions of this Promotion, the latter shall prevail to the extent of such inconsistency.
16. A person who is not a party to these terms and conditions has no right under the Contracts (Rights of Third Parties) Act (Cap. 53B) to enforce any of the terms and conditions.
17. These terms and conditions are governed by and shall be construed in accordance with the laws of the Republic of Singapore and you agree to submit to the exclusive jurisdiction of the courts of the Republic of Singapore.