��������Ƶ

A Direct Letter of Credit serves as a primary method of payment security in international trade transactions, governed by Indonesian law and banking regulations. This instrument is typically used when an Indonesian importer (buyer) wants to purchase goods from an overseas seller, or when an Indonesian exporter (seller) is selling to an overseas buyer. The document outlines the bank's commitment to pay, specific conditions for payment, required documentation, and compliance requirements. Under Indonesian jurisdiction, Direct Letters of Credit must comply with Bank Indonesia regulations while typically following UCP 600 guidelines, making them internationally recognized. The document is particularly crucial in situations where parties seek a secure payment method that protects both buyer and seller interests in cross-border transactions.

1. Issuing Bank Details: Full name and address of the issuing bank

2. Beneficiary Details: Complete identification of the beneficiary including full name, address, and registration details

3. Applicant Details: Complete identification of the applicant (buyer) including full name, address, and registration details

4. Credit Number and Date: Unique L/C reference number and issuance date

5. Credit Amount and Currency: Specification of the credit amount, currency, and whether it's transferable

6. Expiry Date and Place: Clear statement of when and where the credit expires

7. Available With/By: Specification of where and how the credit is available (payment, acceptance, negotiation)

8. Shipment Terms: Details of shipment including latest shipment date, partial shipments, transshipment

9. Document Requirements: List of required documents and their specifications

10. Additional Conditions: Any special conditions or terms specific to this L/C

11. Bank Charges: Specification of which party bears which bank charges

12. Presentation Period: Time period within which documents must be presented after shipment