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The Mixed Payment LC is a specialized financial instrument commonly used in Indonesian international trade transactions where flexibility in payment terms is required. This document type combines immediate (sight) payment with deferred payment elements, making it particularly suitable for high-value international trade transactions or when parties seek to balance cash flow considerations with trade financing needs. The Mixed Payment LC structure provides security to both exporters and importers while complying with Indonesian banking regulations, Bank Indonesia directives, and international UCP 600 standards. It is typically used when the transaction value is substantial and parties agree to split the payment into immediate and future installments, offering a balanced approach to trade finance that addresses both immediate liquidity needs and extended payment requirements.

1. Parties: Identification of all parties involved: Applicant, Beneficiary, Issuing Bank, and any Advising/Confirming Banks

2. Background: Context of the transaction, relationship between parties, and purpose of the Mixed Payment LC

3. Definitions: Definitions of key terms used in the agreement, including specific banking and trade finance terminology

4. LC Structure and Payment Terms: Detailed breakdown of the mixed payment structure, including sight payment portion and usance portion

5. Documentary Requirements: Comprehensive list of required documents for LC presentation and payment triggering

6. Payment Schedule: Specific timeline and conditions for both immediate and deferred payments

7. Bank Obligations: Responsibilities and obligations of all banking parties involved

8. Presentation Procedures: Process and requirements for document presentation and examination

9. Discrepancy Handling: Procedures for handling documentary discrepancies and resolution process

10. Force Majeure: Provisions for unforeseen circumstances affecting contract performance

11. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction details

12. Notices: Communication procedures and contact details for all parties