Common Contracts
1 similar Trade Finance Agreement contracts
ContractTrade Finance Agreement • December 6th, 2024
Publisher Name : PT Bank JTrust Indonesia Type :Trade Finance Product Name : SKBDN ( Surat Kredit Berdokumen Dalam Negeri) Currency : IDR (Rupiah) Services Description: Domestic Documented Credit Letter or SKBDN is a written financial contract agreement issued by the Issuing Bank at the request of the Applicant to the Beneficiary to pay a certain amount of money in a payment transaction.SKBDN or also called Letter of Credit (L/C) is needed so that the Issuing Bank as a third party can guarantee that the Applicant will pay off the relevant payments to the Beneficiary on time.If the Applicant is unable to pay off the payment to the Beneficiary according to the written agreement, then the Issuing Bank must bear all or the remaining purchase price.
