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The Transit Letter of Credit serves as a crucial financial instrument in international trade transactions where goods pass through Indonesian territory en route to their final destination. This document is particularly relevant when trading parties need a secure payment mechanism that accounts for the complexities of transit trade. Under Indonesian banking regulations and international banking practices, the Transit Letter of Credit provides specific provisions for handling documentation, payment terms, and transit requirements. It becomes especially important in scenarios involving transshipment through Indonesian ports or when goods need to temporarily enter Indonesian territory during their journey. The document must comply with Indonesian banking laws, 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 regional trade within Southeast Asia where Indonesia serves as a transit hub.

1. Letter Header: Including date, reference number, and addresses of all relevant parties

2. Credit Amount and Currency: Specification of the LC amount and currency of payment

3. Goods Description: Detailed description of goods being transported, including quantity and unit price

4. Transit Details: Specific information about the transit route, ports, and transportation modes

5. Documentary Requirements: List of required documents for LC settlement

6. Shipment Terms: Including latest shipment date, partial shipments, transhipment permissions

7. Expiry Details: Expiry date and place of the Letter of Credit

8. Payment Terms: Specification of when and how payment will be made

9. Applicable Rules: Reference to UCP 600 and other applicable regulations