The Inward Documentary Collection service for imports is a service that handles financial and/or commercial documents without a Letter of Credit (LC) for customers engaged in the import trade based on instructions of the remitting bank for the purpose of obtaining payment and/or acceptance, and to deliver documents after receiving payment and/or acceptance and/or under other terms and conditions.

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 Customer, or;
• Documents against Acceptance (D/A): Delivery of collection documents to the Buyer/Importer after receiving acceptance letter from the Customer, or;
• Free of Payment: Delivery of collection documents to the Customer 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

Fees related to the Inward Documentary Collection is subject to the provisions applicable at PT Bank Mandiri (Persero) Tbk.

Terms and conditions

Transaction Requirements:

• Collection is subject to applicable Uniform Rules for Collection (URC) regulations.
• Having a Current/Business Savings Account at Bank.
• Having the necessary import licenses.
• Not included in the black list either internally and externally.
• Goods are not originated from countries affected by global sanctions.

Risk

Bank deals with documents in accordance with the terms as agreed upon in the transaction and is not responsible for the truthfulness, quality, and loss of goods/services.

Simulation

The following simulation is intended to serve solely as a sample calculation and is not intended to serve as any kind of recommendation.

 

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.

Import Service: Banker’s Acceptance (Avalist) Inward Documentary Collection is an acceptance/promise by the Bank to pay future documents upon maturity for inward documentary collection using document against acceptance (D/A).

Key Features

Promise to pay (acceptance) from the Bank for non-LC collection document 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

Fees related to the Banker's Acceptance (Avalist) Inward Documentary Collection are subject to the provisions applicable at PT Bank Mandiri (Persero) Tbk.

Terms and Conditions

Transaction Requirements:

• Having BA Inward Documentary Collection limit or submit other collateral covers (cash or giro account/business savings/deposits).
• 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.

 

Risk

Bank deals with documents in accordance with the terms agreed upon in the transaction and is not responsible for the truthfulness, quality, and loss of goods/services.

Simulation

The following simulation is intended to serve solely as a sample calculation and is not intended to serve as any kind of recommendation.

 

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.

IMPORT SERVICE: Issuance of Import Letter of Credit / Domestic Documentary Credit (SKBDN) is a written promise issued by Bank Mandiri and is irrevocable towards the Supplier, provided the Supplier can present documents in accordance with the Letter of Credit (LC) / SKBDN. This enhances the customer's credibility in the eyes of the Supplier.

Key Features

Bank Mandiri can issue various types of LCs / SKBDN, including:

• Sight Payment LC / SKBDN is an LC / SKBDN 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 / SKBDN is an LC / SKBDN 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/SKBDN is an LC/SKBDN allowing the payment to seller made under at sight scheme, while the settlement of obligations by the applicant to the Issuing Bank at predetermined later date (at the time of maturity).
• Usance Payable at Usance (UPAU) LC / SKBDN is an LC / SKBDN allowing payments to the seller made under usance scheme, while the settlement of obligations by Customer to the Issuing Bank at a predetermined later date (at the time of maturity) with a longer period of time.

 

Benefits

• Bank Mandiri will ensure that the document requirements specified in the LC / SKBDN are met.
• Protects the international transaction settlement process of customers because payments are made only by the bank when the LC / SKBDN terms & conditions are fulfilled or the Customer accepts the discrepant condition of the document.
• Enhances the customer's credibility as the LC / SKBDN used by the customer is issued by an internationally recognized bank.

Fees & Other Charges

Fees related to the issuance of LC/SKBDN Import are subject to the provisions applicable at PT Bank Mandiri (Persero) Tbk.

Terms and Conditions

Requirements that Customers must fulfill for issuance of LC/SKBDN at Bank Mandiri are as follows:

• Customer submits a guarantee cover for the issuance of LC / SKBDN consisting of cash funds or blocks the Current Account/Business Savings/Time Deposit/ or uses the facility limit.
• 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.

 

Risks

Bank deals with documents in accordance with the terms as agreed upon in the transaction and is not responsible for the truthfulness, quality, and loss of goods/services.

Simulation

Simulation berikut ini hanya sebagai alat bantu atau contoh perhitungan yang bersifat perkiraan dan tidak dimaksudkan sebagai bentuk rekomendasi.

 

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.

IMPORT FINANCING SOLUTION: Trust Receipt & Deferred Payment are post-import/shipment trade financing options that assist Customers as buyers in deferring payment obligations based on the submission of transaction requests in the form of Trust Receipt Letter (for TR LC/Non-LC) or Promissory Notes (Deferred Payment).

Key Features

• Trust Receipt financing based on LC / SKBDN or Documentary Collection.
• Deferred Payment based on Open Account or LC issued by other Banks.
• TR tenor per transaction maximum of 180 days or in accordance with the 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

Fees related to Trust Receipt & Deferred Payment is subject to the provisions applicable at PT Bank Mandiri (Persero) Tbk.

Terms and Conditions

• Must be LC issued by Bank Mandiri or the Customer makes Inward Documentary Collection transactions, or the Customer make transactions with the Open Account, or the Customer has obligations for LC/SKBDN at other Bank(s).
• 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

• Bank deals with documents in accordance with the terms as agreed upon in the transaction and is not responsible for the truthfulness, quality, and loss of goods/services.
• Customer fails to settlement its obligations to the Bank, due to the Customer's liquidity condition being disrupted.

Simulation

The following simulation is intended to serve solely as a sample calculation and is not intended to serve as any kind of recommendation.

 

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.

IMPORT FINANCING SOLUTION: Shipping Guarantee & Endorsement service facilitates the expedited release of goods from the port without the presentation of shipping documents, based on a guarantee issued by Bank Mandiri. This can reduce the risk of losses from cargo damage and high demurrage Fees & Other Charges.

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

Fees related to Shipping Guarantee & Endorsement is subject to the provisions applicable at PT Bank Mandiri (Persero) Tbk.

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.

 

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.