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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.

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