Documents/instruments issued by the Opening Bank on behalf of the customer (applicant) authorizing the beneficiary to withdraw bills/drafts, which will be paid by the Bank if all requirements on the L/C have been met.

Advantages:

Flexible Bank Guarantee facilities tailored to your business needs, through the guarantees issued by our bank to meet the requirements for project implementation, tenders, or trade transactions.

Features:

• Exporters can receive direct payment once the goods have been shipped and the export documents comply with the terms specified in the Letter of Credit (L/C).
• Exporters can draw an advance payment as specified in the Red Clause L/C to finance the procurement of goods.
• Using an L/C ensures more secure payment for export transactions
• Exporters can use the L/C for subsequent financing, such as Back to Back L/C.

Requirements:

For Importers:

• A current account at Bank Artha Graha Internasional.
• A valid API/API(S) (Temporary Importer Identification Number) valid for 5 years.
• NPWP (Taxpayer Identification Number).
• API(P) (Producer) for manufacturing/industrial companies outside of PMA/PMDN, valid as long as the company continues to operate as an importer.
• Authorization Letter for debiting the current account at Bank Artha Graha Internasional.

For Exporters:

• A current account at Bank Artha Graha Internasional.
• A company with a valid SIUP (Trading License) or an individual entity.
• NPWP (Taxpayer Identification Number).
• Business licenses from the relevant Technical Departments or Government Institutions.