Import is any goods or commodity, brought into one country from another country by using L/C instrument to support this activity. Import can also be done without L/C. It is suitable in circumstances where the buyer’s solvency is not in doubt.
Type of service:
A binding document that buyer can request from their Bank in order to guarantee that the payment of goods will be made.
This service consist of:
A. Benefit and Risk
Benefit
1. Market Risk
Risk occurred due to market interest and foreign exchange fluctuation.
2. Operational Risk
Dysfunction of internal risk, human error, system failure or external problem.
3. Credit Risk
Risk occurred due to the inability of third parties to settle their obligations.
B. Procedures and Using Guidance
Our Customers
To perform L/C transaction you should be our customer first.
Application
Fufill the opening Letter of Credit (LC) application and sign the Letter of Credit aggrement with stamp duty by attaching:
• Importer Identification Number Card.
• Copy of Article of Association and its amendment.
• Copy of Tax Identification Number.
• Copy of Company Business Permit Letter / BKPM License.
• Copy of Company Registration.
• Copy of Business License.
• Copy of Identity Card/Passport/KITAS.
• Signature Card.
C. Charges
Cost related to service are:
Services | Biaya | ||
Letter of Credit | Issuance | ½% (min eqv. USD 10) + Swift charge | |
Swift charge to Resona Group for Issuance | Eqv. USD 22.50 | ||
Swift charge to Non-Resona Group for Issuance | Eqv. USD 25 | ||
Amendment | Increase amount: ½% (min eqv. USD 10) + Swift charge |
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Other: Eqv. USD 10 + Swift charge |
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Swift charge for Amendment | Eqv. USD 12,50 | ||
Tracer Charge | Eqv. USD 20/item |
Services | Biaya | ||
Documentation with L/C | T/R Commission (acceptance) | T/R amount x 1% pa x period | |
Settlement | Same Ccy | ⅛% (min eqv. USD 10 max eqv. USD 250) | |
Exchange | Our rate* |
Services | Biaya | ||
Documentation without L/C | Collect Commission | ¼% (min eqv. USD 10 max eqv. USD 250) | |
Settlement | Same Ccy | ⅛% (min eqv. USD 10 max eqv. USD 250) | |
Exchange | Our rate* | ||
Swift Charge | Eqv. USD 30 |
*Application for exchange currency is proceed at the same day with settlement L/C
D. Terms
Import service is valid during commerce transaction and will be ended if the commerce transaction had been settled between purchaser, seller and its intermediary (Bank).