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The Restricted Letter of Credit is a crucial financial instrument used in international trade transactions where enhanced security and specific conditions are required. This document is particularly relevant when parties need to establish strict controls over the payment and document presentation process in cross-border transactions. As a specialized form of Letter of Credit, it contains specific restrictions that may limit transferability, negotiation, or usage conditions. Under Indonesian law, the Restricted Letter of Credit must comply with Bank Indonesia regulations while also adhering to international banking practices (UCP 600). The document is commonly used when there are specific requirements regarding shipment, documentation, or payment terms that need to be strictly controlled, or when the parties want to limit the negotiation of the credit to specific banks or locations. It provides detailed instructions regarding document presentation, examination criteria, and payment conditions, while incorporating necessary compliance elements for Indonesian foreign exchange regulations and, where applicable, Sharia banking principles.

1. Letter Reference and Date: Unique reference number and date of the Letter of Credit

2. Beneficiary Details: Full name and address of the party receiving the Letter of Credit

3. Applicant Details: Full name and address of the party requesting the Letter of Credit

4. Issuing Bank Details: Name and address of the issuing bank

5. Credit Amount and Currency: Specified amount and currency of the Letter of Credit

6. Expiry Date and Place: Validity period and location where documents must be presented

7. Shipment Terms: Latest shipment date and partial shipment/transhipment conditions

8. Required Documents: List of documents required for presentation

9. Goods Description: Detailed description of the goods or services covered

10. Payment Terms: Specific conditions and timing of payment

11. Restrictions: Specific restrictions and conditions applicable to the credit

12. Governing Law: Statement that Indonesian law governs the Letter of Credit