The Letter of Credit (LC) Document is a fundamental instrument in international trade finance, particularly crucial in the Indonesian market where it provides security for cross-border transactions. When utilizing an LC Document, parties can ensure secure payment mechanisms while complying with Indonesian banking regulations and international standards. The document is essential when businesses require a guaranteed payment method for international trade, typically used in situations where parties may not have established trading relationships or when regulatory requirements mandate formal banking channels. The LC Document includes detailed specifications of the transaction, required documentation, payment terms, and compliance requirements with both Indonesian law and UCP 600 guidelines. This document type is particularly relevant in Indonesia's growing international trade sector, where it facilitates billions of dollars in import-export transactions annually.
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1. LC Number and Date: Unique identification number and issuance date of the Letter of Credit
2. Issuing Bank Details: Complete name and address of the bank issuing the LC
3. Applicant Details: Full name, address and contact information of the buyer/importer
4. Beneficiary Details: Full name, address and contact information of the seller/exporter
5. Currency and Amount: Specification of the currency and exact amount of the LC
6. Expiry Date and Place: Clear statement of when and where the LC expires
7. Available With/By: Specification of how and where the LC is available (payment, acceptance, negotiation)
8. Partial Shipments/Transhipment: Whether partial shipments or transhipment are allowed or prohibited
9. Port of Loading/Discharge: Specified ports for loading and discharge of goods
10. Latest Shipment Date: Final date by which shipment must be made
11. Goods Description: Detailed description of the merchandise being traded
12. Required Documents: List of all documents required for LC presentation
13. Additional Conditions: Any special conditions or terms specific to this LC
14. Charges: Specification of which party bears which banking charges
1. Confirmation Instructions: Used when confirmation from another bank is requested, specifying whether the LC should be confirmed by the advising bank
2. Transferability Clause: Include when the LC needs to be transferable to a second beneficiary
3. Back-to-Back Provisions: Used when the LC will serve as collateral for issuing another LC
4. Red Clause: Include when advance payment to the beneficiary is permitted
5. Green Clause: Used when storage of goods at destination is required before payment
6. Revolving Terms: Include when the LC is intended to revolve in value or time
7. Tolerance Provisions: Used when specific tolerance in amount or quantity is allowed
8. Insurance Instructions: Include when specific insurance requirements need to be detailed
1. Commercial Invoice Requirements: Detailed specifications for the format and content of commercial invoices
2. Packing List Requirements: Specific requirements for packing lists and packaging details
3. Transport Document Requirements: Detailed requirements for bills of lading or other transport documents
4. Insurance Document Requirements: Specifications for insurance certificates or policies
5. Certificate Requirements: Requirements for certificates of origin, inspection certificates, or other required certifications
6. Price Schedule: Detailed breakdown of prices, if applicable to the transaction
7. Technical Specifications: Detailed technical specifications of the goods, if required
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
International Trade
Manufacturing
Import/Export
Logistics and Transportation
Retail
Commodities Trading
Agriculture
Mining
Textiles
Electronics
Automotive
Chemical Industry
Energy
Relevant Teams
Trade Finance
International Banking
Treasury
Risk Management
Compliance
Legal
Operations
Finance
Supply Chain
Procurement
International Sales
Documentary Credits
Trade Operations
Relevant Roles
Trade Finance Manager
International Banking Officer
Import/Export Manager
Documentary Credits Specialist
Trade Operations Manager
Credit Risk Officer
Compliance Officer
Treasury Manager
Financial Controller
Supply Chain Manager
International Sales Manager
Procurement Manager
Chief Financial Officer
Banking Relationship Manager
Documentary Collections Officer
Trade Finance Analyst
Letters of Credit Specialist
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