The Letter of Credit in Logistics is a specialized financial instrument used in international trade transactions where secure payment and specific logistics arrangements are crucial. This document type is particularly relevant when trading parties require both payment security and detailed logistics coordination under Indonesian jurisdiction. It combines traditional Letter of Credit elements with specific provisions for logistics handling, storage, and transportation. The document must comply with Indonesian banking regulations, particularly Law No. 7 of 1992 (as amended) and relevant Bank Indonesia regulations, while following international banking practices under UCP 600. It's commonly used in complex international trade transactions where the coordination of payment, shipping, and logistics requires careful documentation and security.
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1. Bank Details and Reference Information: Identifying information of the issuing bank, reference numbers, and date of issuance
2. Applicant Details: Full details of the party requesting the Letter of Credit (typically the buyer)
3. Beneficiary Details: Complete information of the party in whose favor the L/C is issued (typically the seller)
4. Amount and Currency: Specification of the credit amount and currency of payment
5. Expiry Date and Place: Clear statement of when and where the L/C expires
6. Shipment Terms: Details of shipment including latest shipment date, partial shipments, transshipment permissions
7. Port Details: Specification of port of loading and discharge
8. Document Requirements: List of required documents for L/C presentation (e.g., commercial invoice, transport documents, insurance)
9. Payment Terms: Specifications of when and how payment will be made
10. Description of Goods: Detailed description of the goods being traded
11. Special Conditions: Any specific conditions or requirements particular to this L/C
1. Transferability Clause: Include when the L/C needs to be transferable to another beneficiary
2. Red Clause Provisions: Include when advance payment facilities are required
3. Green Clause Provisions: Include when storage facilities and advance payment are needed
4. Back-to-Back Arrangements: Include when the L/C is part of a back-to-back arrangement
5. Insurance Requirements: Include when specific insurance arrangements need to be detailed
6. Customs Clearance Requirements: Include when specific customs documentation or procedures are required
7. Special Storage Requirements: Include when goods require specific storage conditions or arrangements
1. Schedule A - Document Checklist: Detailed checklist of all required documents and their specifications
2. Schedule B - Goods Specification: Detailed technical specifications of the goods
3. Schedule C - Shipping Schedule: Detailed timeline for shipping and delivery
4. Schedule D - Price Schedule: Breakdown of prices and costs if multiple items or services are involved
5. Appendix 1 - Standard Banking Forms: Standard forms required by the issuing bank
6. Appendix 2 - Logistics Requirements: Detailed logistics and handling requirements
7. Appendix 3 - Insurance Certificates: Templates or requirements for insurance documentation
8. Appendix 4 - Quality Inspection Requirements: Details of required quality inspections and certificates
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
International Trade
Logistics & Transportation
Manufacturing
Agriculture & Food
Retail
Mining & Resources
Textiles & Garments
Electronics & Technology
Automotive
Chemical & Pharmaceuticals
Construction & Infrastructure
Relevant Teams
Trade Finance
International Banking
Logistics Operations
Supply Chain
Legal & Compliance
Risk Management
Treasury Operations
Documentary Credits
Procurement
Shipping & Transportation
Commercial Operations
Relevant Roles
Trade Finance Manager
International Trade Specialist
Logistics Manager
Supply Chain Director
Import/Export Manager
Banking Operations Manager
Documentary Credits Specialist
Trade Operations Officer
Shipping Manager
Procurement Manager
Finance Director
Treasury Manager
Compliance Officer
Risk Manager
Commercial Manager
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