We are committed to continuously support national export performances by providing exporters with financing, guarantees, insurance and advisory services.
The Import L/C Guarantee Facility is the facility provided by Indonesia Eximbank in the form of guarantee (Confirmation) for the L/C issued by another Bank at the request of the Customer/Exporter for the procurement of raw materials or spare parts (including machinery) in the framework of the goods and services export activities.
Ensuring that the issued Import L/C is acceptable to the Beneficiary, so that the process of procurement of the raw materials and/or spare parts (including machinery) from overseas in the framework of the goods and services export activities will be carried out smoothly.
GENERAL REQUIREMENTS TO BECOME A CUSTOMER
TERMS & CONDITIONS
1. The type of the L/C that may be guaranteed is in the form of a Sight L/C or a Term (Usance) L/C.
2. The Guarantee Value, the guarantee is in the amount of the issued L/C.
3. The time period of the Guaranteed L/C, the time period of the guaranteed Import L/C is adjusted to the time period of a trade cycle, with the maximum of 360 (three hundred sixty) days, consisting of:
4. The guarantee currency is Rupiah or another Foreign Currency approved by Indonesia Eximbank.
5. The Fee, any application for the Import L/C Guarantee approved by Indonesia Eximbank will be incurred with the Confirming Fee.
PROCEDURES OF APPLICATION
The application for the Import L/C Guarantee facility to Indonesia Eximbank shall be submitted by the Implementing Bank by attaching the documents as follows: