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The Performance SBLC is a critical financial instrument used in Indonesian business transactions where one party seeks assurance of another party's performance obligations. This document is particularly relevant in large-scale projects, international trade, or significant commercial contracts where the beneficiary requires security against non-performance. The Performance SBLC, governed by Indonesian law and banking regulations, provides an independent, bank-backed guarantee that can be called upon in case of default or non-performance of specified obligations. It includes detailed conditions for drawing, specific performance criteria, and complies with both local Indonesian banking regulations and international banking practices. The document is commonly used in construction projects, international trade transactions, and major supply contracts where performance risk mitigation is essential.

1. Issuing Bank Details: Complete details of the bank issuing the SBLC including name, branch, address, and reference numbers

2. Beneficiary Details: Full details of the beneficiary including name, address, and any reference numbers

3. Applicant Details: Complete information about the party requesting the SBLC (the principal)

4. SBLC Amount and Currency: Clear statement of the maximum amount available under the SBLC and the currency of payment

5. Underlying Transaction Reference: Reference to the main contract or obligation being guaranteed

6. Performance Obligations: Specific description of the performance obligations being guaranteed

7. Conditions for Drawing: Clear and specific conditions under which the beneficiary can make a demand under the SBLC

8. Required Documents for Drawing: List of documents that must be presented with any demand for payment

9. Expiry Date and Place: Clear statement of when and where the SBLC expires

10. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes