Bill Purchasing & Shipping Guarantee

Export Bill Purchasing

  • Is a short-term trade finance facility that provides payment in advance to the beneficiary upon presentation of the export documents, with recourse basis
  • Features
    • Payment in advance
    • Pre-Checking documents
    • Applied only for Letter of Credit and SKBDN
    • No collateral needed
  • Benefit
    • Supports customer liquidity
    • Competitives rate
    • Bank Jatim offers a competitive exchange rate to value foreign exchange (min ekuiv USD 2000, may request special rate)
  • Term & Condition
    • Customer of Bank Jatim
    • Customer must not be listed on the National Blacklist of Check Withdrawers and/or Blank Promissory Notes (DHN) in the Financial Services Authority (OJK)'s Financial Information Service System (SLIK)
    • Customer must submit an application for each financing transaction
    • Customer's SKBDN / LC export complying document presentation
    • Customer must submit such other documents as may be required by the Bank
  • Steps
    • Bank Jatim receive complying documents from seller
    • Bank Jatim sent the documents to buyer's Bank
    • Seller submit request for financing under compliance documents (Sight LC/SKBDN) or after acceptance (Usance LC/SKBDN)
    • Bank Jatim will check all financing requirement as per internal policy
    • Bank Jatim will credit to seller's account

Shipping Guarantee

  • Is a services which can relieves and protects the buyer to reduce the risk of losses from cargo damage and high demurrage Fees & Other Charges due to document delays .
  • Features
    • As a guarantee from the Bank to the shipping company.
  • Benefit
    • Customers of Bank Jatim can have cargo released from the port even if the original BL has not been received.
    • Spared from demurrage Fees & Other Charges
    • It is recommended that business activities be streamlined according to the planned schedule
  • Term & Condition
    • Customer of Bank Jatim
    • Customer must not be listed on the National Blacklist of Check Withdrawers and/or Blank Promissory Notes (DHN) in the Financial Services Authority (OJK)'s Financial Information Service System (SLIK)
    • Customer must submit an application and also copy of shipping document
    • Customer conducts purchase transaction using Letter of Credit (LC) issued by Bank Jatim, with specific terms that Bill of Lading must be sent thru Bank Jatim in full set and or Bill of Lading consigned to the order of Bank Jatim
  • Step
    • Complete application affixed with sufficient stamp duty, signed by an authorized signatory
    • Customer submit Copy of Invoice, Copy of BL and other document to Bank Jatim
    • Bank Jatim will check all requirement for Shipping Guarantee Issuance
    • Bank Jatim will issued Shipping Guarantee

For terms, conditions / further information about our products, please contact Info Bank Jatim 14044 or come directly to the Bank Jatim Branch Office.