The Letter of Credit Loan agreement is essential for businesses engaged in international trade in Indonesia requiring trade financing support. This document is used when a company needs a credit facility specifically for issuing letters of credit, typically for import/export transactions. The agreement establishes the relationship between the bank and the borrower, setting out the terms under which the bank will issue L/Cs, including facility limits, security requirements, and operational procedures. It ensures compliance with Indonesian banking regulations while incorporating international banking standards such as UCP 600. The document is particularly crucial for companies managing international supply chains, as it provides them with a secure method of conducting international trade transactions while maintaining working capital efficiency.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Key Requirements PROMPT example:
Letter Of Credit Loan
"I need a Letter of Credit Loan agreement under Indonesian law for my textile manufacturing company, with a USD 5 million facility limit for importing raw materials from multiple Asian countries, including provisions for both sight and usance L/Cs with maximum tenor of 180 days."
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
1. Parties: Identification of the lender (bank) and the borrower, including their complete legal names, registration numbers, and addresses
2. Background: Context of the L/C facility, including the borrower's business purpose for the L/C and the bank's agreement to provide the facility
3. Definitions: Definitions of key terms used throughout the agreement, including banking, L/C, and technical terms
4. Facility Terms: Details of the L/C facility including the maximum facility amount, tenure, and purpose
5. L/C Issuance Conditions: Conditions precedent and procedures for L/C issuance, including documentation requirements
6. Fees and Charges: All applicable fees, including issuance fees, amendment fees, and other charges
7. Payment Terms: Terms for repayment of the L/C loan, including payment schedule and currency provisions
8. Security Arrangements: Details of any required collateral, margins, or cash deposits
9. Representations and Warranties: Standard and specific representations and warranties from the borrower
10. Covenants: Positive and negative covenants applicable to the borrower
11. Events of Default: Circumstances constituting default and their consequences
12. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for disputes
1. Currency Risk Provisions: Required when L/C is issued in foreign currency, detailing exchange rate mechanisms and risk allocation
2. Insurance Requirements: Needed when specific insurance coverage is required for the underlying trade transaction
3. Agent Bank Provisions: Required in syndicated L/C facilities involving multiple banks
4. Islamic Banking Provisions: Required when the L/C facility needs to comply with Shariah principles
5. Tax Provisions: Detailed tax clauses required for cross-border transactions or specific tax arrangements
6. Force Majeure: Extended force majeure provisions for specific industry or country risks
1. Facility Summary: Detailed breakdown of the L/C facility limits, sub-limits, and specific terms
2. Fee Schedule: Comprehensive list of all applicable fees and charges
3. Security Details: Detailed description of all security arrangements and collateral
4. Form of L/C Application: Standard form for requesting L/C issuance
5. Required Documents: List of required documents for L/C issuance and drawings
6. Conditions Precedent Checklist: List of all documents and conditions required before facility activation
7. Authorized Signatories: List of persons authorized to request L/Cs and execute related documents
Authors
Relevant legal definitions
Clauses
Relevant Industries
International Trade
Manufacturing
Import/Export
Wholesale Trade
Commodities Trading
Textile Industry
Agriculture
Mining
Oil and Gas
Consumer Goods
Industrial Equipment
Electronics Manufacturing
Automotive Industry
Relevant Teams
Legal
Finance
Treasury
International Trade Operations
Risk Management
Compliance
Trade Finance
Credit Administration
Commercial Operations
Banking Relations
Relevant Roles
Trade Finance Manager
Chief Financial Officer
Finance Director
Treasury Manager
Import/Export Manager
Trade Operations Manager
Legal Counsel
Compliance Officer
Risk Manager
Credit Manager
Commercial Director
Banking Relationship Manager
Documentary Credits Specialist
International Trade Specialist
Find the exact document you need
Letter Of Credit Loan
An Indonesian law-governed agreement establishing terms for letter of credit facilities between a bank and borrower, complying with local banking regulations and international practices.
find out more
Lc Trade (Finance)
An Indonesian-law governed Letter of Credit document that provides secured payment mechanism for international trade transactions, compliant with local banking regulations and international standards.
find out more
Lc At Sight Terms
Letter of Credit at Sight terms document under Indonesian law, establishing bank payment commitments for international trade transactions.
find out more
Biaya Letter Of Credit
An Indonesian law-governed agreement establishing fees and payment terms for Letter of Credit services between a bank and its client.
find out more
Trade Lc
An Indonesian-law governed Trade Letter of Credit document that facilitates secure international trade transactions through bank-guaranteed payment commitments.
find out more
SBLC Letter Of Credit
A Philippine-law governed Standby Letter of Credit that serves as a bank-issued payment guarantee, subject to Philippine banking regulations and international standards.
find out more
Credit Limit Increase Request Letter
A formal letter requesting a credit card limit increase in the Philippines, complying with local banking regulations and including essential financial information for assessment.
find out more
Letter Of Credit Cost
A South African banking document detailing all costs, fees, and charges associated with issuing and maintaining a letter of credit, in compliance with local banking regulations and international standards.
find out more
Lc Document
A Swiss law-governed Letter of Credit document providing bank payment guarantee in international trade transactions, combining Swiss banking reliability with international standards.
find out more
Stand By Letter Of Credit
A Maltese law-governed Standby Letter of Credit serving as a bank-issued payment guarantee, combining local legislation with international banking practices.
find out more
Payment Terms SBLC
A Pakistani law-governed document establishing payment terms and conditions for Standby Letters of Credit, compliant with local banking regulations and international standards.
find out more
Irrevocable Lc At Sight
An Irrevocable Letter of Credit at Sight under Pakistani law, providing a secure payment mechanism for international trade transactions with immediate payment upon document presentation.
find out more
Revocable Lc
An Austrian law-governed financial instrument issued by a bank that provides a conditional, revocable payment guarantee in international trade transactions.
find out more
Letter Of Credit In International Trade
An Austrian law-governed banking instrument that provides payment security in international trade transactions through bank-guaranteed payment upon presentation of compliant documents.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.