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This document template is designed for use in Indonesia when parties require a Revolving Standby Letter of Credit arrangement that provides ongoing financial security with automatic reinstatement features. The Revolving SBLC is particularly useful for recurring business transactions where continuous financial backing is needed, such as regular trade shipments or periodic performance obligations. It incorporates requirements under Indonesian banking laws and regulations, including compliance with Bank Indonesia directives and OJK regulations, while also adhering to international banking standards. The document addresses key aspects such as credit limits, drawing conditions, reinstatement mechanisms, fees, and security requirements, making it suitable for both domestic and cross-border transactions where Indonesian law governs the arrangement.

1. Parties: Identifies the issuing bank, the applicant, and the beneficiary of the SBLC

2. Background: Sets out the context and commercial purpose of the SBLC arrangement

3. Definitions: Defines key terms used throughout the document, including technical banking and trade finance terms

4. Facility Details: Specifies the SBLC amount, currency, and revolving nature of the facility

5. Term and Renewal: States the initial term of the SBLC and the mechanisms for renewal under the revolving structure

6. Conditions Precedent: Lists the conditions that must be satisfied before the SBLC becomes effective

7. Drawing Requirements: Specifies the conditions and documentation required for drawing under the SBLC

8. Revolving Mechanism: Details how the SBLC amount reinstates after each drawing and any applicable reinstatement conditions

9. Fees and Charges: Sets out all applicable fees, charges, and commission rates

10. Representations and Warranties: Contains standard banking and corporate representations and warranties

11. Covenants: Lists ongoing obligations of the applicant

12. Events of Default: Specifies circumstances that constitute default and their consequences

13. Governing Law and Jurisdiction: Specifies Indonesian law as governing law and sets jurisdiction for disputes

14. Notices: Details how formal communications between parties should be made