Impor
Impor Baru
Product Trade Finance
Mandiri Import
Import activities in addition to requiring the allocation of working capital also require negotiation with exporters to come into an agreement on terms and method of payment that are suitable for both parties.
Bank Mandiri provides Import solutions, where you can purchase goods more safely, because payment will be made against the arrival of goods at the port, or if the documents comply with the same as required. Besides facilitating the issuance of Letters of Credit (LC), Bank Mandiri also provides bridging payments for the purchase of imported goods or domestic trade. Bank Mandiri's import solution enables you to be able to negotiate for payment terms flexibly and maintain your credibility in suppliers’ eyes.
Bank Mandiri Import Services, including:
Key Features
Types of Document Delivery:
- Documents against Payment (D/P): Delivery of collection documents to the Buyer/Importer after receiving payment for the documents from the Buyer/Importer.
- Documents against Acceptance (D/A): Delivery of collection documents to the Buyer/Importer after receiving acceptance letter from the Buyer/Importer.
- Free of Payment: Delivery of collection documents to the Buyer/Importer without requiring payment or acceptance.
Benefits
- Minimizes payment risk from the Seller's perspective with low cost for the Customer as the Buyer.
- Allows Customers to obtain imported goods before making payment (D/A).
- Represents an alternative payment method to Letter of Credit (L/C).
Fees & Other Charges
Commission/provision, interest rates, and other fees as per Bank Mandiri's regulations.
Terms and conditions
Transaction Requirements:
Collection is subject to applicable URC regulations.
Risk
- Lack of certainty regarding payment.
- Payment for goods has been made, but the received goods do not match the order documents (D/A).
Simulation
The following simulation is intended to serve solely as a sample calculation and is not intended to serve as any kind of recommendation.
Document Value | USD 10,000 |
0.125% flat, min. eqv. USD 10,000 | |
Provision | |
Sample Calculation: | |
0.125% x USD 10,000 = USD 12.50 |
Disclaimer
- This summary serves solely as informational material on products and services for prospective customers/current customers and is not intended as an official offer of any product and/or service.
- The information provided in this Product and Service Information Summary is valid until such time as it is changed or updated.
- Customers are required to read and understand the product as described in this Product and Service Information Summary before submitting an application form and other documents, and for additional information may inquire with Bank staff or at Mandiri Call on 14000 or +6221 52997777 (International), press 4 for language selection.
Key Features
Document collection against acceptance (D/A).
Benefits
Enhances customer competitiveness in the eyes of the seller by offering bank acceptance in Inward Documentary Collection D/A transactions, thereby providing additional payment assurance to the seller.
Fees & Other Charges
Commission/provision, interest rates, and other fees as per Bank Mandiri's regulations.
Terms and Conditions
Transaction Requirements:
- Submission of a completed and signed Transaction Application by an authorized signatory.
- Submission of a copy of the Import Document Notification Letter from the Bank.
- Accepted documents must originate from the List of Approved Sellers.
Simulation
The following simulation is intended to serve solely as a sample calculation and is not intended to serve as any kind of recommendation.
Document Value | USD 180,000 |
Tenor | 60 days |
2% p.a, min. eqv. USD 180,000 | |
Provision | |
Sample Calculation: | |
2 % x USD 180,000 x 60/360 = USD 600 |
Disclaimer
- This summary serves solely as informational material on products and services for prospective customers/current customers and is not intended as an official offer of any product and/or service.
- The customer is required to read, understand and sign the transaction application form.
- The information provided in this Product and Service Information Summary is valid until such time as it is changed or updated.
- Customers are required to read and understand the product as described in this Product and Service Information Summary before submitting an application form and other documents, and for additional information may inquire with Bank staff or at Mandiri Call on 14000 or +6221 52997777 (International), press 4 for language selection.
Key Features
Bank Mandiri can issue various types of LCs, including:
- Sight Payment LC is an LC that includes a clause where the Issuing Bank promises to make payment upon presentation (at sight), either directly or through an authorized bank.
- Usance LC is an LC that includes a clause where the Issuing Bank promises to accept a draft made by the beneficiary and make deferred payments at a specified future date.
- Usance Payable at Sight (UPAS) LC is an LC that allows payment to the beneficiary at sight, while the applicant's obligation to the Issuing Bank is settled at a later predetermined date (at maturity).
- Usance Payable at Usance (UPAU) LC is an LC that allows payment to the beneficiary at usance, while the applicant's obligation to the Issuing Bank is settled at a later predetermined date (at maturity) with a longer term.
Benefits
- Bank Mandiri will ensure that the document requirements specified in the LC are met.
- Protects the international transaction settlement process of customers because payments are made only by the bank when the LC terms & conditions are fulfilled.
- Enhances the customer's credibility as the LC used by the customer is issued by an internationally recognized bank.
Fees & Other Charges
Commission/provision, interest rates, and other fees as per Bank Mandiri's regulations.
Terms and Conditions
Requirements that Customers must fulfill for issuance of LC/SKBDN at Bank Mandiri are as follows:
- Provide collateral for LC/SKBDN issuance.
- Have a Current/Term Deposit/Business Savings account in the name of the Customer at the Bank.
- In the case of imported goods, a valid Import Permit is mandatory.
- Have a Trading Business License (SIUP) and Business Identification Number (NIB)/Company Registration Number (TDP).
- Not listed on any internal or external blacklist (Bank Indonesia).
- Must have a contract/purchase order with the counterparty.
- Submission of Articles of Association and their amendments.
- Submission of Management and Shareholder Data.
Simulation
Simulation berikut ini hanya sebagai alat bantu atau contoh perhitungan yang bersifat perkiraan dan tidak dimaksudkan sebagai bentuk rekomendasi.
Issuance of LC | |
Value | USD 1.000.000 (10% tolerance) |
Date of Issuance | 1 January 2023 |
Expiry date | 30 April 2023 |
Issuance fee (condition: 100% deposit to collateral account) | 0.25% p.q |
Swift Fee | USD 10 |
LC Value + Tolerance | USD 1,100,000 |
Tenor | 1 January 2023 – 30 April 2023 = 119 days / 2 quarters |
Issuance Cost | Sample Calculation: |
USD 1,100,000 x 0.25% x 2 = USD 5,500 | |
Total Issuance Cost | Sample Calculation: |
USD 5,000 + USD 10 = USD 5,510 | |
LC Amendment | |
Value | USD 1,000,000 (10% tolerance) |
Amendment Fee (for increased LC value and/or extension): | 0.25% p.q |
Extended Tenor Amendment | 30 April 2023 – 28 June 2023 |
Total Amendment Cost | Sample Calculation: |
USD 1,000,000 x 0.25% x 1 = USD 2,750 sdf | |
LC Acceptance | |
Document Value | USD 1,000,000 |
Acceptance Tenor | 90 days after Bill of Lading (BL) |
Acceptance Fee | 2% p.a |
Swift Fee | USD 10 |
Acceptance Cost | Sample Calculation: |
USD 1,000,000 x 2% x 90/360 = USD 5,000 | |
Total Acceptance Cost | Sample Calculation: |
USD 5,000 + USD 10 = USD 5,010 |
Disclaimer
- This summary serves solely as informational material on products and services for prospective customers/current customers and is not intended as an official offer of any product and/or service.
- The customer is required to read, understand and sign the transaction application form.
- The information provided in this Product and Service Information Summary is valid until such time as it is changed or updated.
- Customers are required to read and understand the product as described in this Product and Service Information Summary before submitting an application form and other documents, and for additional information may inquire with Bank staff or at Mandiri Call on 14000 or +6221 52997777 (International), press 4 for language selection.
Key Features
- Trust Receipt financing based on LC or Documentary Collection.
- Deferred Payment based on Open Account or LC issued by other Banks.
- TR tenor per transaction according to customer's trade cycle.
Benefits
- Provides bridging facilities with competitive interest rates when Customers experience cash flow mismatches.
- Supports Customer liquidity.
- Maintains Customer credibility in the banking community.
Fees & Other Charges
Commission/provision, interest rates, and other fees as per Bank Mandiri's regulations.
Terms and Conditions
- Must be LC issued by Bank Mandiri.
- Customer conducts Inward Documentary Collection transactions.
- Customer conducts Open Account transactions.
- Customer has obligations under LC at other Banks.
- Customer has Trust Receipt or Deferred Payment facility limits.
- Customer submits transaction requests.
- Customer purchases insurance for financed goods with Banker’s Clause coverage during the TR period.
Risk
Tenor and TR type that are mismatched with Customer’s trade cycle may pose liquidity and repayment difficulties for Customers.
Simulation
The following simulation is intended to serve solely as a sample calculation and is not intended to serve as any kind of recommendation.
Value of LC / Documentary Collection / Open Account / LC at Other Bank | USD 2,000,000 |
TR Tenor | 90 days |
Provision Fee | 1% p.a. |
Provision (charged at disbursement) | Sample Calculation: |
USD 2,000,000 x 1% x 90/360 = USD 5,000 | |
Interest (charged at repayment) | Sample Calculation: |
USD 2,000,000 x 7% x 90/360 = USD 17,500 |
Disclaimer
- This summary serves solely as informational material on products and services for prospective customers/current customers and is not intended as an official offer of any product and/or service.
- The customer is required to read, understand and sign the transaction application form.
- The information provided in this Product and Service Information Summary is valid until such time as it is changed or updated.
- Customers are required to read and understand the product as described in this Product and Service Information Summary before submitting an application form and other documents, and for additional information may inquire with Bank staff or at Mandiri Call on 14000 or +6221 52997777 (International), press 4 for language selection.
Key Features
- Shipping Guarantee as a guarantee or indemnification from the Bank
The Bank undertakes to guarantee and indemnify potential losses for shipping company as recipient of a Shipping Guarantee. - Shipping Guarantee not as a guarantee or indemnification from the Bank
The Bank confirms that the Customer's import transactions are properly routed through the Bank to the shipping company as recipient of the Shipping Guarantee. - Endorsed Bill of Lading (B/L)
The Bank endorses 1 (one) original BL received directly by the Customer from the exporter so that the Customer can take possession of the goods before the original documents and/or BL are received by the Bank. - Air Way Bill (AWB) Released
The Bank endorses a copy of the AWB received directly by the Customer from the exporter so that the Customer can take possession of the goods without waiting for the original documents and/or AWB to arrive at the Bank.
Benefits
- Customer can have goods released from the port even if the original BL has not been received.
- Customer is spared demurrage Fees & Other Charges.
Fees & Other Charges
Commission/provision, interest rates, and other fees as per Bank Mandiri's regulations.
Terms and Conditions
General Requirements:
- Customer conducts purchase transaction using Letter of Credit (LC)/SKBDN or Non-LC transaction.
- Not on an internal or external blacklist.
Simulation
The following simulation is intended to serve solely as a sample calculation and is not intended to serve as any kind of recommendation.
LC Value | USD 250,000 |
Provision Fee | USD 50 |
Provision Cost | USD 50 |
Disclaimer
- This summary serves solely as informational material on products and services for prospective customers/current customers and is not intended as an official offer of any product and/or service.
- The customer is required to read, understand and sign the transaction application form.
- The information provided in this Product and Service Information Summary is valid until such time as it is changed or updated.
- Customers are required to read and understand the product as described in this Product and Service Information Summary before submitting an application form and other documents, and for additional information may inquire with Bank staff or at Mandiri Call on 14000 or +6221 52997777 (International), press 4 for language selection.
For easy access to Trade & Bank Guarantee product information for your business transactions. Contact Mandiri Call 14000 or +6221 52997777 (Overseas), select language, press 4.