Ƶ

Letter Of Credit Duration for Indonesia

Letter Of Credit Duration Template for Indonesia

A Letter of Credit Duration document is a formal banking instrument used in Indonesia to modify the validity period of an existing Letter of Credit. This document operates under Indonesian banking regulations, particularly Bank Indonesia Regulation No. 5/11/PBI/2003, while also adhering to international banking standards such as UCP 600. It serves as an official amendment to the original LC, specifying the new expiry date and any associated conditions, fees, or requirements. The document must comply with Indonesian banking laws and foreign exchange regulations while maintaining the structural requirements of international trade finance practices.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Letter Of Credit Duration

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Letter Of Credit Duration?

The Letter of Credit Duration document is essential in international trade transactions where the original validity period of a Letter of Credit needs to be modified. This document type is specifically used when parties need to extend or, in some cases, reduce the duration of an existing LC due to various commercial or logistical reasons. Operating under Indonesian jurisdiction, the document must comply with Bank Indonesia regulations and international banking standards. The Letter of Credit Duration modification includes critical information such as the original LC details, new expiry date, applicable fees, and any additional conditions. It's particularly relevant in situations where shipping delays, production timeframes, or other commercial circumstances necessitate an adjustment to the original LC timeline. The document ensures that all parties involved in the international trade transaction are formally notified and agree to the duration change while maintaining the security and reliability of the LC instrument.

What sections should be included in a Letter Of Credit Duration?

1. Bank Reference Details: LC issuing bank's details, branch information, and reference numbers

2. Original LC Reference: Details of the original Letter of Credit including LC number, date of issuance, and current expiry date

3. Beneficiary Information: Complete details of the LC beneficiary including name, address, and account information

4. Applicant Information: Complete details of the LC applicant including name, address, and reference numbers

5. Duration Modification: Clear statement of the new expiry date and duration of the LC

6. Underlying Transaction: Brief reference to the underlying commercial transaction and reason for duration extension

7. Terms and Conditions: Specific conditions that apply to the duration modification

8. Charges and Fees: Details of any fees or charges applicable to the duration modification

9. Authorization: Bank officer's authorization and signature block

What sections are optional to include in a Letter Of Credit Duration?

1. Amendment Number: To be included if this is not the first amendment to the LC

2. Additional Security Requirements: Include when the duration extension requires additional security or collateral

3. Special Instructions: Any special handling instructions or conditions specific to this duration modification

4. Related Documents: Reference to other relevant documents when the LC is part of a larger transaction structure

5. Confirmation Details: Include when the LC requires confirmation from another bank for the extended duration

What schedules should be included in a Letter Of Credit Duration?

1. Original LC Copy: Copy of the original Letter of Credit document

2. Fee Schedule: Detailed breakdown of all applicable fees and charges

3. Bank Authorization Form: Required authorization forms as per Indonesian banking regulations

4. Supporting Documents: Any additional documents required to support the duration extension request

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Indonesia

Publisher

Ƶ

Document Type

Letter of Credit

Cost

Free to use
Relevant legal definitions

























Clauses




















Relevant Industries

Banking & Financial Services

International Trade

Import/Export

Manufacturing

Commodities Trading

Shipping & Logistics

Insurance

Agriculture

Mining

Textile Industry

Consumer Goods

Relevant Teams

Trade Finance

International Banking

Treasury

Compliance

Risk Management

Documentary Credits

Operations

Legal

Client Relations

Credit Administration

Relevant Roles

Trade Finance Manager

International Banking Officer

Letter of Credit Specialist

Treasury Manager

Import/Export Manager

Trade Operations Officer

Compliance Officer

Banking Relationship Manager

Credit Risk Officer

Documentary Credits Manager

Senior Banking Officer

Trade Finance Analyst

International Business Manager

Financial Controller

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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

Lc Document

A bank-issued payment guarantee document for international trade transactions, governed by Indonesian banking laws and UCP 600.

find out more

Payment Terms SBLC

Indonesian law-governed document establishing terms and conditions for Standby Letter of Credit payment arrangements, including banking obligations and compliance requirements.

find out more

Import Bill Under Lc

Indonesian Import Bills Under LC agreement outlining terms and conditions for documentary credit operations under Indonesian law and international trade practices.

find out more

Lc For Payment

A bank-issued payment guarantee document under Indonesian law that ensures secure payment in international trade transactions, subject to document compliance.

find out more

Lc Facility

An Indonesian law-governed agreement establishing terms for a bank to issue letters of credit for a corporate client, combining local banking regulations with international trade practices.

find out more

Letter Of Credit Limit

An Indonesian law-governed agreement establishing a revolving facility for issuing Letters of Credit up to a predetermined limit.

find out more

Lc Invoice

An LC Invoice is a formal trade document used in letter of credit transactions, compliant with Indonesian trade laws and international banking standards.

find out more

SBLC As Collateral

An Indonesian law-governed agreement establishing terms for using a Standby Letter of Credit as collateral security, compliant with local banking regulations.

find out more

Application Letter For Lc

A formal application document used in Indonesia to request a bank to issue a Letter of Credit, governed by Indonesian banking laws and international trade practices.

find out more

Marginal Deposit On Letter Of Credit

An Indonesian law-governed agreement establishing terms for maintaining a cash deposit as security for a Letter of Credit facility.

find out more

Loan Against Letter Of Credit

An Indonesian law-governed agreement for providing bank financing against a Letter of Credit as security, commonly used in international trade transactions.

find out more

Lc Payment Terms In Export

Indonesian law-compliant Letter of Credit payment terms agreement for export transactions, incorporating local regulations and international banking practices.

find out more

Direct Pay Letter Of Credit

An Indonesian law-governed bank undertaking that guarantees payment to a beneficiary upon presentation of compliant documents in international trade transactions.

find out more

Sblc Trade (Finance)

An Indonesian law-governed agreement establishing terms and conditions for issuing and managing Standby Letters of Credit in international trade transactions.

find out more

Lc Export Import

An Indonesian law-governed Letter of Credit Export Import agreement facilitating secure international trade transactions with standardized payment and documentation requirements.

find out more

SBLC DLC

A bank-issued financial instrument under Indonesian law that provides payment security in international trade and financial transactions, governed by local banking regulations and international standards.

find out more

Credit Letter In Business Communication

An Indonesian law-governed banking document that establishes credit arrangements between financial institutions and businesses, operating under Indonesia's banking regulations and financial authority oversight.

find out more

Collateral For Letter Of Credit

An Indonesian law-governed security agreement establishing collateral arrangements for Letter of Credit facilities, compliant with local banking and security regulations.

find out more

Cash Backed SBLC

An Indonesian law-governed agreement for a cash-collateralized Standby Letter of Credit, establishing terms between bank, applicant, and beneficiary.

find out more

SBLC Transferable

A transferable bank guarantee instrument governed by Indonesian law that allows the beneficiary to transfer their rights to receive payment to another party.

find out more

SBLC Non Recourse Loan

An Indonesian law-governed loan agreement secured by SBLC with non-recourse provisions, combining local regulatory compliance with international banking practices.

find out more

Letter Of Credit Risk

Risk management framework for Letter of Credit transactions under Indonesian law, incorporating local banking regulations and international standards.

find out more

Letter Of Credit Fee

An Indonesian banking document specifying fees and charges for Letter of Credit services, governed by Indonesian banking laws and Bank Indonesia regulations.

find out more

Letter Of Credit Duration

A formal banking document used in Indonesia to modify the duration of an existing Letter of Credit, governed by Indonesian banking regulations and international trade practices.

find out more

Lc Finance Term

Indonesian law-governed Letter of Credit financing facility agreement establishing terms for LC issuance and trade finance operations.

find out more

Letter Of Credit Payment Terms

An Indonesian law-governed document specifying Letter of Credit payment terms and conditions for international trade transactions, aligned with Bank Indonesia regulations and UCP 600.

find out more

Guarantee Letter Of Credit

An Indonesian law-governed banking instrument that provides a bank's guarantee of payment to a beneficiary upon presentation of compliant documents under UCP 600 rules.

find out more

Credit Facility Offer Letter

An Indonesian law-governed formal letter from a bank to a prospective borrower detailing approved credit facility terms and conditions.

find out more

Cash Collateralized Letter Of Credit

An Indonesian law-governed agreement establishing terms for a Cash Collateralized Letter of Credit facility, detailing collateral requirements and LC issuance procedures.

find out more

Application For Letter Of Credit

An Indonesian-law governed application form for requesting a bank to issue a Letter of Credit, following Bank Indonesia regulations and international banking practices.

find out more

SBLC Buyers

An Indonesian law-governed agreement between a buyer and bank for the issuance of a Standby Letter of Credit (SBLC), outlining terms, conditions, and compliance requirements.

find out more

SBLC Backed Buyers Credit

An Indonesian law-governed financing agreement establishing an SBLC-backed buyers credit facility with associated terms, conditions, and security arrangements.

find out more

SBLC At Sight

An Indonesian law-governed bank guarantee instrument that provides immediate payment upon compliant document presentation, combining local banking regulations with international practices.

find out more

Transferring Bank In Lc

An Indonesian law-governed document facilitating the transfer of Letters of Credit rights from first to second beneficiary, compliant with UCP 600 and local banking regulations.

find out more

Revolving SBLC

An Indonesian law-governed Revolving SBLC agreement establishing a renewable credit facility with automatic reinstatement provisions.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s 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

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it