The Confirmed And Unconfirmed Letter of Credit document is essential for facilitating secure international trade transactions under Indonesian jurisdiction. It provides a formal commitment from banks to pay sellers upon presentation of compliant documents, while protecting buyers' interests by ensuring proper documentation of the trade. The document must comply with Bank Indonesia regulations, particularly Regulation No. 18/10/PBI/2016, as well as international UCP 600 standards. It can be issued as either confirmed (with additional bank guarantee) or unconfirmed, depending on the level of security required and the trading parties' risk assessment. This instrument is particularly crucial in Indonesian cross-border trade, where it helps mitigate payment risks and ensures compliance with local foreign exchange regulations while facilitating international commerce.
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1. Letter Header and Reference Number: Official letterhead, date, and unique L/C reference number
2. Parties Identification: Full details of all parties: Issuing Bank, Beneficiary, Applicant, and Confirming Bank (if applicable)
3. L/C Type and Form: Specification of L/C type (confirmed/unconfirmed) and form (irrevocable)
4. Credit Amount and Currency: Specification of the L/C amount and currency, including any tolerance levels
5. Expiry Date and Place: Clear statement of when and where the L/C expires
6. Available With/By: Specification of where and how the credit is available (payment, acceptance, negotiation)
7. Partial Shipments/Transhipment: Whether partial shipments or transhipment are allowed or prohibited
8. Loading/Dispatch and Destination: Ports or places of loading and final destination
9. Latest Shipment Date: Final date by which shipment must be made
10. Goods Description: Detailed description of the goods or services covered
11. Required Documents: List of all documents required for presentation
12. Presentation Period: Time period within which documents must be presented after shipment
13. Banking Charges: Allocation of banking charges between parties
14. Confirmation Instructions: Instructions regarding confirmation and related terms
1. Special Conditions: Additional terms or conditions specific to the transaction
2. Transfer Conditions: Include when the L/C is transferable, specifying transfer terms and conditions
3. Back-to-Back Provisions: Include when the L/C can be used as collateral for another L/C
4. Red Clause Provisions: Include when advance payment facilities are provided to the beneficiary
5. Green Clause Provisions: Include when storage facilities are required pre-shipment
6. Revolving Credit Terms: Include when the L/C is revolving, specifying reinstatement terms
7. Islamic Banking Compliance: Include when the L/C needs to comply with Islamic banking principles
8. Force Majeure Provisions: Include specific force majeure terms beyond standard UCP provisions
1. Schedule A - Commercial Invoice Requirements: Detailed specifications for commercial invoice preparation
2. Schedule B - Transport Document Requirements: Specific requirements for bills of lading or other transport documents
3. Schedule C - Insurance Document Requirements: Details of required insurance coverage and documentation
4. Schedule D - Product Specifications: Detailed technical specifications of goods
5. Schedule E - Inspection Certificate Requirements: Requirements for pre-shipment inspection and certification
6. Appendix 1 - Fee Schedule: Detailed breakdown of all applicable banking fees and charges
7. Appendix 2 - Document Presentation Checklist: Checklist for beneficiary's use in document preparation
8. Appendix 3 - Special Instructions: Any special instructions for document handling or processing
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
International Trade
Manufacturing
Agriculture and Food
Mining and Resources
Textile and Apparel
Electronics and Technology
Oil and Gas
Automotive
Consumer Goods
Pharmaceutical and Healthcare
Construction and Infrastructure
Relevant Teams
Trade Finance
International Banking
Legal
Compliance
Risk Management
Corporate Banking
Documentary Credits
Treasury Operations
Trade Operations
Export Finance
Import Operations
Banking Operations
Relevant Roles
Trade Finance Manager
International Banking Officer
Documentary Credits Specialist
Export Finance Manager
Import Operations Manager
Treasury Manager
Credit Risk Officer
Trade Operations Officer
Relationship Manager - Corporate Banking
Legal Counsel - Banking
Compliance Officer
Trade Documentation Specialist
Senior Trade Finance Executive
International Business Development Manager
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