ID
EN
Guaranteed
Safe transactions with payment and responsibilty guarantee
Practical
Enjoy the ease of collective payments
Fulfill Every Requirement
Some transactions will need LC as requirement
Outgoing Letter of Credit (L/C)
Shipment assurance for importir/applicant before payment is made.
Financing services provided for LC issued by BCA
Trust Receipt (T/R)
Withdrawal of Trust Recepit (T/R) only for LC/SKBN issued by BCA
Steam Ship Guarantee (SSG)
Letter of Indemnity from bank to transport company to release goods without presentation of original Bill of Lading.
SSG Withdrawal Requirement
- Only for L/C issued by BCA
- submit copy Bill of Lading
Requirements to enjoy Import L/C services at BCA
- Have registered corporate account in BCA (IDR or others currencies)
- Conform the administrative requirements
- transaction in foreign currencies accommodated by BCA
- Import license (API/NIB)
- Have import L/C Facility at BCA
Types of L/C
- Sight LC: Letter of credit is payable on the documents presented to the issuing bank and compliance with terms in LC
- Usance LC: Letter of credit is payable on predetermined time after the presentation of conforming documents
- UPAS: Financing scheme provided by BCA as issuing bank to paid the exporter in sight basis subject to compliance documents with term in LC while the importer will settle in usance basis.
- UPAU: financing scheme provide by BCA as issuing bank that allowed the importer to have longer tenor
Trust Receipt (T/R)
Financing provided by BCA to settle LC on maturity date
Withdrawal of Trust Receipt (T/R) only for LC/SKBDN issued by BCA.
Steam Ship Guarantee (SSG)
Letter of Indemnity from bank to transport company to release goods without presentation of original Bill of Lading.
SSG Withdrawal Requirement
- Only for L/C issued by BCA
- Submit copy Bill of Lading