INKASO Bank Sumsel Babel consists of :

• Inward Documentari Collection

Conditions that apply to Collection, Document Againt Payment (D/P) Terms:

1. As much as the value of the document in foreign currency if the payment is in Rupiah using the relevant VA selling rate.
2. Fees billed by Remitting Bank (if any)
3. Collection Provision at the expense of Remitting/Importer

Delivery of import documents is carried out after the importer deposits the full value of the collection plus costs

• Outward Documentari Collection

Conditions Applicable to Collection Terms Document Against Payment (D/P) and Documents against Acceptance (D/A):

• Export Collection Payment

D/P payment terms:

• Upon receipt of notification from the Correspondent Bank / Head Office, that the collection has been paid, then pay to the Exporter in the following manner:
• Paid in rupiah on the basis of the prevailing Bank Rate, after deducting the collection proportion.
• If the Exporter obtains an Export Credit facility, then the proceeds of the export collection must be used to pay off the export credit

With D/A payment terms:

• If the draft is returned, the draft will be handed back to the exporter after paying the Foreign Bank's commission and fees.
• Towards the maturity of the Draft, the Branch collects the Draft to the Overseas Bank in accordance with the Exporter's request and follows the provisions of the Overseas service rate.
• If the Customer / Exporter obtains an Export Credit facility, the Draft that has been accepting is kept by the Branch and the proceeds of the bill must be used to pay off the relevant export credit