A written statement from the Bank to another party for a certain period of time, a certain amount and a certain purpose that the Bank will pay a claim (as long as it is still within the claim period) to the other party (the promised party) if the guaranteed Principal (the requestor of the guarantee) is in default.
Name of Issuer
PT Bank Pembangunan Daerah Sumatera Selatan and Bangka Belitung
Benefits of
Improve Your Company Image
Streamline Business Transactions caused by distrust of the Parties
Can be used for Domestic and International transactions
Types of IDR and Foreign Exchange
Risk
Standby L/C can be claimed by the beneficiary at any time as long as the claim conditions are met because Standby L/C is irrevocable & unconditional.
Terms
ADVISING SBLC
Terms & Conditions:
Seller and buyer sign sales contract
submit an application to open an LC with the following tenors: atSight/Usance/DeferredPayment/UPAS to the Issuing Bank
Issuing Bank issues LC and mentions Advice Through Bank Sumsel Babel JKT/KAP/PangkalPinang/TanjungPandan
Bank Sumsel Babel submits original LC at Sight/Usance/DeferredPayment/UPAS to Beneficiary (Seller/Exporter)
Export SBLC Negotiation
Terms & Conditions:
Seller and buyer sign sales contract with tenor of payment is at Sight
submit LC at Sight opening application to Issuing Bank
Issuing Bank issues LC at Sight and accepted by Bank Sumsel Babel (Negotiating Bank)
Bank Sumsel Babel submits original LC at Sight to Beneficiary (Seller/Exporter)
Beneficiary (seller/Exporter) ships the goods in accordance with the terms and conditions contained in the LC to Importer
Beneficiary (Seller/Exporter) presents export documents to Bank Sumsel Babel
Bank Sumsel Babel Credits Debtor's Account, if the documents are clean or after acceptance from Issuing Bank if the documents are under discrepancies
Bank Sumsel Babel sends export documents with Schedule of Remittance and instructs Issuing Bank to remit export proceeds to the designated Bank Sumsel Babel Account.
SBLC Confirmation:
Terms & Conditions:
Seller and buyer sign sales contract
Issuing Bank issues LC and advises Bank Sumsel Babel, and requests Bank Sumsel Babel to confirm the LC.
Bank Sumsel Babel submits the original LC to the Beneficiary (Seller/Exporter) with a cover letter
Cost
As per ALCO Provisions
Additional Information
Types of Standby Letter of Credit (SBLC):
SBLC for Overseas Credit
SBLC for Customs & Excise
SBLC for Shipping Guarantee
SBLC for Bid (Tender) Bond
SBLC for Performance Bond
SBLC for Retention Bond
SBLC for Advance Payment Bond
SBLC for Temporary Exemption of Import Duty
FAQ
Why Choose SBLC/SKBDN/LC Forwarding/Advising at Bank Sumsel Babel:
