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:
1. Sight L/C
A letter of credit that is payable once it is presented along with the necessary documents.
2. Usance L/C
A letter of credit that usual period allowed for payment of a bill of exchange not refer to a fixed period but varies according to the tenor.
3. Bills Collection
Bills collection is a collection of document and draft. This collection is use for import without L/C, that the payment will be requested to the drawer by the Bank.
4. Shipping Guarantee
A document that allows a customer to take possession of shipped goods before the shipping company receives the Bill of Lading. The guarantees are issued to shipping companies who thereby agree to forward the bills of lading to the Bank.
5. Import Tax Payment
A service related to import tax activities related to governmental tax on the value of a product that is imported by customer.
A. Benefit and Risk
Benefit
1. To guarantee the payment and goods delivering comply with agreement that was made.
2. Opening process of import L/C faster and easier to be proceeding at the same day if submitting document before the cut off time at 11.30 am.
3. Our professional employee will help customer's problem in conducting import transaction.
Risk
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
Completing the opening import application, opening L/C statement letters and payment/settlement statement letters 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
|
Charges
|
|
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
|
|
Other:
Eqv USD 10 + Swift charge
|
|
Swift charge for Amendment
|
Eqv USD 12.50
|
|
Tracer
|
Eqv USD 20
|
|
Documents with L/C
|
T/R Commission
|
Invoice amount x 1% pa x period
|
|
Shipping Guarantee
|
⅛% x Invoice amount / 3 months (min eqv USD 10)
|
|
Settlement
|
Same Ccy
|
⅛% (min eqv USD 10 max eqv USD 250)
|
|
Exchange
|
Our rate
|
|
Documents 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
|
|
Handling Invoice
|
With L/C
|
BRP
|
Free
|
|
Other Bank
|
⅛% (min eqv USD 10 max eqv USD 250)
|
|
Without L/C
|
⅛% (min eqv USD 10 max eqv USD 250)
|
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). |
back to top
