Export is activity that transport goods or commodity to other country by using L/C. Export can be done without L/C if exporter and importer has already know and trust each other.
A. Benefit and risk
Benefit
1. Quick and Easy. Your export document will be processed in the same day if the application received before 12.00 am.
2. Economic Cost. We have competitive cost.
3. Professional and warm service from our staff to makes you feel comfortable in using our Bank and discussing your export problem.
Risk
1. Market Risk
Risk occurred due to market interest rate and foreign exchange fluctuation.
2. Operational Risk
The dysfunction of internal process, 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
Application. Completing the application by attaching (for new customer):
· Copy of Article of Association and its amendment.
· Copy of Tax Identification Number.
· Copy of Company Business Permit Letter.
· Copy of Company Registration.
· Copy of Business License.
· Copy of Identity Card/Passport/KITAS.
· Signature Card.
· Power of Attorney Signature Card.
· Special Power of Attorney Signature Card.
C. Export Facility
Negotiation
Negotiation is a service to purchase drafts under a documentary credit, which the issuing Bank has undertaken to pay before payment from issuing Bank. We are ready to negotiate your export document quickly and safely.
Collection
Collection is a service that we provide from exporter’s instruction to collect payment from importer.
Advising L/C
Advising L/C is notification by mail or swift message from issuing Bank that will be adviced through advising Bank to beneficiary.
D. Charges
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Services
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Charges
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Letter of credit
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Advising
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Customer
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Eqv USD 20/item + swift charge (if any)
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Walk-in-Customer
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Eqv USD 50/item + postage or swift charges (if any)
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Advising Amendment
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Customer
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Eqv USD 15/item
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Walk-in-Customer
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Eqv USD 35/item + postage or swift charges (if any)
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Test Key
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Refer to other Bank's charge
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Documentary
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With L/C
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¼% (min eqv USD 10 max eqv USD 2,500) + courier charge + postage (if any)
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Without L/C
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¼% (min eqv USD 10 max eqv USD 2,500) + courier charge + postage (if any)
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Swift Trace/ Correspondence
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Eqv USD 20/item
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Swift Nego
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Eqv USD 20/item
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Courier Charge
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Eqv USD charged by Courier Agent
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Postage
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Eqv USD 10
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