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Project owner (bowheer) often requires a Bank Guarantee to ensure the performance of an agreed contract. Bank BRI issues a Bank Guarantee to facilitate MSME businesses.
- Specifically issued for customers as payment bond to the supplier of the product
- The different Bank Guarantees available:
- Bank Guarantee for Purchase/Procurement of Raw Material/Trading Goods and Trade Supplies (Agent/Dealer)
- Bank Guarantee for Cigarette Excise Bands
- Bank Guarantee for suspended payment of import duties and other levies
- Bank Guarantee for exemption of import duties for investment goods
- Standby Letter of Credit (SBLC)
- Specifically issued for contractors in relation to construction loan
- Maximum term of 1 year
- The different Bank Guarantees available:
- Bank Guarantee for Advanced Payment Bond
- Bank Guarantee for Performance Bond
- Bank Guarantee for Tender Bond or Bid Bond
- Bank Guarantee for Maintenance Bond
Requirements
01
Indonesian Ciziten customer
02
Customer to attach the Original Copy of Master Agreement between customer/debtor candidate and the Beneficiary of Bank Guarantee/Third ...Read more
03
If a counter guarantee in the form of idle funds deposit is issued for each Bank Guarantee for business customers, it is issued at a m ...Read more
04
If a counter guarantee in the form of idle funds deposit is issued for each Bank Guarantee for business customers, it is issued at a m ...Read more
05
Maximum Bank Guarantee term of 1 year.
06
Counter guarantee alternatives: 1. Overseas counter guarantee. 2. Cash deposit. 3. Other counter guarantees (Non-material counter guar ...Read more