The Revolving Letter of Credit is essential for businesses engaged in regular, repeated trade transactions under Indonesian jurisdiction. This document type is particularly valuable when parties anticipate ongoing trading relationships with regular shipments or periodic purchases. It provides efficiency by eliminating the need to issue separate LCs for each transaction while maintaining the security and formality of documentary credit. The document must comply with Indonesian banking regulations, particularly Law No. 7 of 1992 on Banking (as amended) and relevant Bank Indonesia regulations, while also adhering to international standards such as UCP 600. It's commonly used in industries with seasonal trade patterns or regular import/export cycles, offering cost efficiencies and reduced administrative burden compared to multiple standalone LCs.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the issuing bank and the applicant (buyer/importer)
2. Background: Context of the trade relationship and purpose of the revolving LC
3. Definitions: Key terms used in the LC including revolving mechanisms, credit amount, and validity periods
4. Credit Amount and Currency: Specification of the maximum credit amount and currency of the LC
5. Revolving Terms: Details of how the credit revolves (time basis or value basis) and reinstatement conditions
6. Validity Period: Duration of the LC and specific conditions for each revolving cycle
7. Documents Required: List of required documents for presentation and payment
8. Shipment Terms: Details of shipment requirements, partial shipments, and transshipment conditions
9. Payment Terms: Conditions and timing of payment, including sight or usance terms
10. Bank Charges: Allocation of banking fees and charges between parties
11. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction
1. Confirmation: Required when a confirming bank is involved to add their confirmation to the LC
2. Transfer Rights: Include when the beneficiary needs the right to transfer the LC to second beneficiaries
3. Green Clause: Include when advance payment provisions are required before shipment
4. Red Clause: Include when pre-shipment finance is needed by the beneficiary
5. Back-to-Back Provisions: Required when the LC will be used as collateral for another LC
6. Standby Provisions: Include when the LC serves as a security instrument rather than a payment mechanism
1. Schedule 1 - Commercial Invoice Requirements: Detailed specifications for acceptable commercial invoices
2. Schedule 2 - Transport Document Requirements: Specifications for bills of lading or other transport documents
3. Schedule 3 - Insurance Document Requirements: Requirements for insurance certificates or policies
4. Schedule 4 - Additional Document Requirements: Requirements for certificates of origin, inspection certificates, etc.
5. Schedule 5 - Revolving Schedule: Detailed timeline and conditions for each revolving cycle
6. Appendix A - Standard Banking Forms: Standard forms required by the issuing bank for LC operations
Relevant legal definitions
Clauses
Relevant Industries
International Trade
Banking & Financial Services
Manufacturing
Agriculture & Food
Textiles & Garments
Mining & Resources
Consumer Goods
Commodities Trading
Oil & Gas
Electronics & Technology
Relevant Teams
Trade Finance
International Banking
Treasury
Risk Management
Compliance
Legal
Supply Chain
Operations
Finance
Global Markets
Documentary Credits
Trade Operations
Relevant Roles
Trade Finance Manager
Import Manager
Export Manager
Banking Relationship Manager
Treasury Manager
Financial Controller
International Trade Specialist
Documentary Credits Officer
Compliance Officer
Risk Manager
Supply Chain Manager
Chief Financial Officer
Banking Operations Manager
Trade Operations Specialist
Find the exact document you need
Letter Of Credit Loan
An Indonesian law-governed agreement establishing terms for letter of credit facilities between a bank and borrower, complying with local banking regulations and international practices.
Download
Lc Trade (Finance)
An Indonesian-law governed Letter of Credit document that provides secured payment mechanism for international trade transactions, compliant with local banking regulations and international standards.
Download
Lc At Sight Terms
Letter of Credit at Sight terms document under Indonesian law, establishing bank payment commitments for international trade transactions.
Download
Biaya Letter Of Credit
An Indonesian law-governed agreement establishing fees and payment terms for Letter of Credit services between a bank and its client.
Download
Trade Lc
An Indonesian-law governed Trade Letter of Credit document that facilitates secure international trade transactions through bank-guaranteed payment commitments.
Download
Lc Document
A bank-issued payment guarantee document for international trade transactions, governed by Indonesian banking laws and UCP 600.
Download
Payment Terms SBLC
Indonesian law-governed document establishing terms and conditions for Standby Letter of Credit payment arrangements, including banking obligations and compliance requirements.
Download
Import Bill Under Lc
Indonesian Import Bills Under LC agreement outlining terms and conditions for documentary credit operations under Indonesian law and international trade practices.
Download
Lc For Payment
A bank-issued payment guarantee document under Indonesian law that ensures secure payment in international trade transactions, subject to document compliance.
Download
Lc Facility
An Indonesian law-governed agreement establishing terms for a bank to issue letters of credit for a corporate client, combining local banking regulations with international trade practices.
Download
Letter Of Credit Limit
An Indonesian law-governed agreement establishing a revolving facility for issuing Letters of Credit up to a predetermined limit.
Download
Lc Invoice
An LC Invoice is a formal trade document used in letter of credit transactions, compliant with Indonesian trade laws and international banking standards.
Download
SBLC As Collateral
An Indonesian law-governed agreement establishing terms for using a Standby Letter of Credit as collateral security, compliant with local banking regulations.
Download
Application Letter For Lc
A formal application document used in Indonesia to request a bank to issue a Letter of Credit, governed by Indonesian banking laws and international trade practices.
Download
Marginal Deposit On Letter Of Credit
An Indonesian law-governed agreement establishing terms for maintaining a cash deposit as security for a Letter of Credit facility.
Download
Loan Against Letter Of Credit
An Indonesian law-governed agreement for providing bank financing against a Letter of Credit as security, commonly used in international trade transactions.
Download
Lc Payment Terms In Export
Indonesian law-compliant Letter of Credit payment terms agreement for export transactions, incorporating local regulations and international banking practices.
Download
Direct Pay Letter Of Credit
An Indonesian law-governed bank undertaking that guarantees payment to a beneficiary upon presentation of compliant documents in international trade transactions.
Download
Sblc Trade (Finance)
An Indonesian law-governed agreement establishing terms and conditions for issuing and managing Standby Letters of Credit in international trade transactions.
Download
Lc Export Import
An Indonesian law-governed Letter of Credit Export Import agreement facilitating secure international trade transactions with standardized payment and documentation requirements.
Download
SBLC DLC
A bank-issued financial instrument under Indonesian law that provides payment security in international trade and financial transactions, governed by local banking regulations and international standards.
Download
Credit Letter In Business Communication
An Indonesian law-governed banking document that establishes credit arrangements between financial institutions and businesses, operating under Indonesia's banking regulations and financial authority oversight.
Download
Collateral For Letter Of Credit
An Indonesian law-governed security agreement establishing collateral arrangements for Letter of Credit facilities, compliant with local banking and security regulations.
Download
Cash Backed SBLC
An Indonesian law-governed agreement for a cash-collateralized Standby Letter of Credit, establishing terms between bank, applicant, and beneficiary.
Download
SBLC Transferable
A transferable bank guarantee instrument governed by Indonesian law that allows the beneficiary to transfer their rights to receive payment to another party.
Download
SBLC Non Recourse Loan
An Indonesian law-governed loan agreement secured by SBLC with non-recourse provisions, combining local regulatory compliance with international banking practices.
Download
Letter Of Credit Risk
Risk management framework for Letter of Credit transactions under Indonesian law, incorporating local banking regulations and international standards.
Download
Letter Of Credit Fee
An Indonesian banking document specifying fees and charges for Letter of Credit services, governed by Indonesian banking laws and Bank Indonesia regulations.
Download
Letter Of Credit Duration
A formal banking document used in Indonesia to modify the duration of an existing Letter of Credit, governed by Indonesian banking regulations and international trade practices.
Download
Lc Finance Term
Indonesian law-governed Letter of Credit financing facility agreement establishing terms for LC issuance and trade finance operations.
Download
Letter Of Credit Payment Terms
An Indonesian law-governed document specifying Letter of Credit payment terms and conditions for international trade transactions, aligned with Bank Indonesia regulations and UCP 600.
Download
Guarantee Letter Of Credit
An Indonesian law-governed banking instrument that provides a bank's guarantee of payment to a beneficiary upon presentation of compliant documents under UCP 600 rules.
Download
Credit Facility Offer Letter
An Indonesian law-governed formal letter from a bank to a prospective borrower detailing approved credit facility terms and conditions.
Download
Cash Collateralized Letter Of Credit
An Indonesian law-governed agreement establishing terms for a Cash Collateralized Letter of Credit facility, detailing collateral requirements and LC issuance procedures.
Download
Application For Letter Of Credit
An Indonesian-law governed application form for requesting a bank to issue a Letter of Credit, following Bank Indonesia regulations and international banking practices.
Download
SBLC Buyers
An Indonesian law-governed agreement between a buyer and bank for the issuance of a Standby Letter of Credit (SBLC), outlining terms, conditions, and compliance requirements.
Download
SBLC Backed Buyers Credit
An Indonesian law-governed financing agreement establishing an SBLC-backed buyers credit facility with associated terms, conditions, and security arrangements.
Download
SBLC At Sight
An Indonesian law-governed bank guarantee instrument that provides immediate payment upon compliant document presentation, combining local banking regulations with international practices.
Download
Transferring Bank In Lc
An Indonesian law-governed document facilitating the transfer of Letters of Credit rights from first to second beneficiary, compliant with UCP 600 and local banking regulations.
Download
Revolving SBLC
An Indonesian law-governed Revolving SBLC agreement establishing a renewable credit facility with automatic reinstatement provisions.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)