Advising

Description

After signing the sales contract with payment’s method using a L/C, you should request your business partners to send the L/C to Shinhan Bank Indonesia (SWIFT code: SHBKIDJA) via the issuing bank for advising the L/C.

Benefits

• Our professional staff in International Department shall check the authenticity of the L/C
• Documentary Credit (DC) issued to customer within the shortest time
• Professional consultancy is available to minimize your cost and risk
• Competitive fee
• Other advices on expansion and international trade are available if required

Requirements

• You are recommended to get consultancy of our competence staff from Shinhan Bank Indonesia regarding the terms of payment and issuing bank before signing the contract
• You must request your business partner (L/C applicant) to choose Shinhan Bank Indonesia as the advising bank on the L/C’s advising.
• The parties involved in L/C are not included in the sanctions globally or locally (UN, OFAC, UK, EU, and Local sanction list)

Description

This service is used when you are not the ultimate seller such as trader, middleman,and buying agent. As the first beneficiary, you may request Shinhan Bank Indonesia to transfer all or a part of the L/C value. We shall transfer the L/C to the second beneficiary quickly and efficiently with high accuracy.

Benefits

• Available for transfer to multiple secondary beneficiaries
• No Credit Line is required
• The information or details of buyer and seller are kept confidentially so that you can get your commission income without worry.

Requirements

• The L/C is transferable L/C
• The L/C states that Shinhan Bank Indonesia is the transferring bank or nominated bank
• Application form for L/C transfer
• Original L/C and its relevant amendments (if any)

Description

It is provided with recourse service which means that we will make payment in advance for all or a part of your export bills’ value. We have the right to use the payment amount received from your partner’s bank to compensate the discounted amount. However, in case your partner’s bank fails to make payment for the export L/C on due date, you should bear the responsibility to refund the discounted amount to Shinhan Bank Indonesia.

Benefits

• Payment is made immediately at the time of the presentation of shipping document based on documentary credit (L/C) transaction
• Your business capitals are ensured so that you can make investment of your proceeds as soon as possible
• Allow you to offer more payment options to your customer without negative impact on your cash flow
• Flexible fee, profitable trade finance, and competitive interest rate
• Our experienced staff shall check your shipping documents and inform you on discrepancy to ensure the full set of document before presentation to the issuing bank of documentary credit

Requirements

• Application form for L/C negotiation
• Original L/C and its amendments (if any)
• Full set of shipping document as per L/C’s request
• Having export negotiation facility with sufficient collateral and approved by loan/credit committee

Description

Shinhan Bank Indonesia, on your behalf, shall send your collection request along with the document to your business partner’s bank for collection. We then follow up and inform you when the acceptance is performed or crediting the collection amount to your account as soon as the payment is made. There are two kinds of collection, as follow :

• D/P (Document against Payment)
  Collecting bank does not release the shipping document to the importer until the payment has already been made.
• D/A (Document against Acceptance)
  Collecting bank does not release the shipping document to the importer until the usance bill has been accepted.

Benefits

• Worldwide correspondent banking network allows Shinhan Bank Indonesia to send collection document easily
• You can withdraw money quickly at the reasonble fee
• Simple and cost effective method for international trade
• Document and payment collection are processed by the bank, on your behalf

Requirements

• Application form for documentary collection
• Full set of shipping document