Standby L/C (SBLC) is a guarantee issued by BRI as the Issuing Bank for the Beneficiary in the event of default of the SBLC issuance contract/agreement.
Issuance of Standby L/C
BRI issues SBLC as a guarantee based on request in favor of other banks or the beneficiary, including loan guarantee.
Advising Standby L/C
BRI can help deliver and amend master SBLC and its amendments issued by domestic and international banks to the customers.
Criteria
Bona fide customers
Individual customer must be an Indonesian Citizen who lives in Indonesia
Non-individual customers must be an Indonesian legal entity domiciled in Indonesia, including foreign investment companies (PMA) and joint ventures
Having an import activity or a business with income in foreign exchange
Having all legality documents required for a legal entity (company’s deed of establishment and its amendments, articles of association and its amendments, or other legal documents) or individual identification (ID Card, Family Card and other legality documents) as well as business legality documents (SIUP, SITU, TDP, NPWP, Import Identification Number/API) and other valid business license in accordance with the regulations
Not a part of a prohibited or avoided business