Documentary Collection

Export Bill Purchasing (Takeover of Collection Rights)

It is a short-term financing facility in the form of a receivables bailout to the LC/SKBDN beneficiary after presenting appropriate export/sales documents, where the nature of the bailout is on a "with recourse basis".

  • Product Features
    • Advance payment
    • Pre-Checking documents
    • Applicable only for LC and SKBDN transactions
    • No collateral required
  • Benefits
    • Supports your liquidity
    • Competitive interest rates
    • Bank Jatim provides competitive foreign exchange rates (minimum transaction equivalent to USD 2,000 potentially gets a "special rate")
  • Requirements
    • Must be a Bank Jatim customer
    • Not included in the National Blacklist (DHN) in the Financial Information Service System (SLIK) of the Financial Services Authority (OJK)
    • Submit an application form for each transaction
    • Submit documents in accordance with LC / SKBDN requirements
    • Customers must submit other documents required by Bank Jatim
  • Steps
    • Bank Jatim receives documents that comply with LC/SKBDN requirements from the Seller
    • Bank Jatim sends collection documents to the Issuing Bank
    • The seller submits a financing application based on document compliance (Sight LC/SKBDN) or after acceptance is received (Usance LC/SKBDN)
    • Bank Jatim will conduct checking according to applicable procedures
    • Bank Jatim will credit funds to the seller's account
  • RIPLAY (Product or Service Information Summary)
    • The general version of RIPLAY (Product and Service Information Summary) is a standard document that contains comprehensive important information regarding financial products or services
    • Bill Purchasing RIPLAY

Shipping Guarantee

It is a service that provides protection against the risk of loss due to document delays, such as cargo damage, high demurrage costs, and Other Costs.

  • Product Features
    • As a guarantee from the Bank to the Shipping Company
  • Benefits
    • Bank Jatim customers (Buyers) can release goods from the Port even if the original Bill of Lading has not been received
    • Avoids the risk of incurring Demurrage Costs and Other Costs
    • Recommended so that business activities become simple and in accordance with the planned schedule
  • Requirements
    • Must be a Bank Jatim customer
    • Not included in the National Blacklist (DHN) in the Financial Information Service System (SLIK) of the Financial Services Authority (OJK)
    • Customers submit the Application Form requesting the issuance of a Shipping Guarantee and also the Shipping Documents
    • Customers make purchases using the LC instrument, where the LC is issued by Bank Jatim with the requirement of fulfilling the Bill of Lading documents, all original documents of which are sent through Bank Jatim and/or designate ownership of goods (consigned to order) to Bank Jatim
  • Steps
    • Complete the Shipping Guarantee Issuance Application Form with sufficient duty stamp and signed by the Authorized Official
    • Customer submits a Copy of Invoice, Copy of BL, and other documents to Bank Jatim
    • Bank Jatim will conduct checking in accordance with the procedure for Shipping Guarantee Issuance
    • Bank Jatim will issue a Shipping Guarantee

Inward Collection (Receipt of Bills)

Bill receipt service to facilitate the settlement of trade transaction payments

  • Product Features
    • Provides security for Buyers and Sellers to send trade documents through the Bank
    • Ensures trade documents are received by the Buyer after payment is made, either through documents against payment (D/P) or acceptance (D/A)
    • Allows trade documents, upon instruction, to be processed through a "free of payment" mechanism
    • No credit required
  • Benefits
    • Bank Jatim acts as a trusted intermediary, providing security and convenience in handling your documents.
    • Monitoring and Payment Tracking services.
    • Minimum Fees.
    • Minimizes risk by ensuring goods have been shipped before sending payment.
    • Assistance and Consultation services from International Trade Experts.
    • Bank Jatim provides competitive foreign exchange rates (minimum transaction equivalent to USD 2,000 potentially gets a "special rate").
    • Bank Jatim can provide endorsement / transfer of ownership based on certain terms and conditions, if the Bill of Lading received by the Buyer indicates ownership of goods (consigned to) to Bank Jatim.
  • Requirements
    • Must be a Bank Jatim customer
    • Business Identification Number (NIB) indicating export activity permit or other documents recognized by regulators (For LC Transactions)
    • Not related to entities or countries listed on the sanction list (For LC Transactions)
    • Documentary Collection refers to International rules and applicable Bank Jatim internal regulations
  • Steps
    • The Seller ships goods and/or services, then submits collection documents to the Bank in the Seller's country
    • Bank Jatim informs when collection documents have been received from the overseas bank
    • You need to accept and approve the bill of exchange (draft) and/or provide payment instructions to Bank Jatim, to be able to receive the trade documents
    • Bank Jatim settles the payment
  • RIPLAY (Ringkasan Informasi Produk atau Layanan)
    • RIPLAY (Ringkasan Informasi Produk dan Layanan) versi umum adalah dokumen standar yang memuat informasi penting secara menyeluruh mengenai produk atau layanan jasa keuangan
    • RIPLAY Inward Documentary Collection

Outward Collection (Sending of Bills)

Bill sending service to facilitate the settlement of trade transaction payments

  • Product Features
    • Provides security for Buyers and Sellers to send trade documents through the Bank
    • Ensures trade documents are received by the Buyer after payment is made, either through documents against payment (D/P) or acceptance (D/A)
    • Allows trade documents, upon instruction, to be processed through a "free of payment" mechanism
    • No credit required
  • Benefits
    • Bank Jatim acts as a trusted intermediary, providing security and convenience in handling your documents
    • Monitoring and Payment Tracking services
    • Minimum Fees
    • Minimizes risk by ensuring goods have been shipped before making payment
    • Assistance and Consultation services from International Trade Experts
    • Bank Jatim provides competitive foreign exchange rates (minimum transaction equivalent to USD 2,000 potentially gets a "special rate")
  • Requirements
    • Must be a Bank Jatim customer
    • Business Identification Number (NIB) indicating export activity permit or other documents recognized by regulators (For LC Transactions)
    • Not related to entities or countries listed on the sanction list (For LC Transactions)
    • Documentary Collection refers to International rules and applicable Bank Jatim internal regulations
  • Steps
    • Seller ships goods and/or services
    • Seller submits collection documents along with trade documents and the Export Documentary Collection application form to Bank Jatim
    • Bank Jatim sends collection documents along with trade documents to the Bank in the buyer's country to obtain payment
  • RIPLAY (Product or Service Information Summary)
    • The general version of RIPLAY (Product and Service Information Summary) is a standard document that contains comprehensive important information regarding financial products or services
    • Outward Documentary Collection RIPLAY

For further requirements, terms, or information regarding our products, please contact Bank Jatim Info 14044 or visit a Bank Jatim Branch Office directly.