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Standby Letter Of Credit And Bank Guarantee
"I need a Standby Letter of Credit and Bank Guarantee document to secure a construction project in Jakarta worth USD 5 million, with the government agency as beneficiary and validity until March 2025, including provisions for partial drawings and electronic presentation."
1. Document Reference Number: Unique identification number of the SBLC/Bank Guarantee
2. Date of Issuance: Date when the SBLC/Bank Guarantee is issued
3. Issuing Bank Details: Full name, address, and contact details of the issuing bank
4. Beneficiary Details: Full name, address, and contact information of the beneficiary
5. Applicant Details: Full name, address, and contact information of the applicant/principal
6. Amount and Currency: The maximum amount and currency of the SBLC/Bank Guarantee
7. Effective Date and Expiry: Validity period of the instrument, including effective date and expiry date
8. Purpose/Underlying Transaction: Description of the underlying transaction or purpose for which the SBLC/Bank Guarantee is issued
9. Terms and Conditions: Core conditions for demanding payment, including required documents and presentation requirements
10. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and relevant jurisdiction
11. Payment Terms: Conditions and process for payment upon valid demand
12. Authentication: Official signatures, stamps, and authentication details
1. Transferability Clause: Include when the SBLC/Bank Guarantee needs to be transferable to another beneficiary
2. Partial Drawings: Include when multiple partial drawings are to be permitted
3. Automatic Extension Clause: Include when the instrument should automatically extend under certain conditions
4. Counter-Guarantee Details: Include when there is a counter-guarantee from another bank
5. Language Preference: Include when the document needs to be bilingual or specify language requirements
6. Force Majeure Clause: Include specific force majeure provisions when required by the transaction
7. Assignment Provisions: Include when rights under the instrument may need to be assigned
8. Electronic Presentation: Include when electronic presentation of documents is permitted
1. Schedule A - Form of Demand: Standard format for making a demand under the SBLC/Bank Guarantee
2. Schedule B - Required Documents: List and format of documents required for presentation
3. Schedule C - Underlying Contract Details: Summary or extract of the underlying contract or transaction
4. Schedule D - Special Instructions: Any special instructions for handling or processing demands
5. Appendix 1 - Authorized Signatures: Specimen signatures of authorized signatories
6. Appendix 2 - Communication Methods: Approved methods and details for communications between parties
Authors
Banking and Financial Services
International Trade
Construction and Infrastructure
Manufacturing
Energy and Resources
Real Estate Development
Telecommunications
Mining
Oil and Gas
Government and Public Sector
Engineering and Procurement
Legal
Finance
Treasury
Trade Finance
Risk Management
Compliance
Corporate Banking
International Banking
Credit Administration
Operations
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Financial Controller
Risk Management Officer
Commercial Banking Manager
Credit Risk Officer
International Trade Specialist
Corporate Banking Officer
Legal Counsel
Compliance Officer
Documentary Credits Manager
Banking Operations Manager
Project Finance Manager
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